Last updated: May 18th, 2023
In this blog, we explore the leading-edge solutions that are transforming the way businesses handle invoicing. We unveil the 12 top-notch invoice automation software options that streamline your billing process, improve efficiency, and save you valuable time.
Read on to stay ahead of the curve and unlock the potential of automation for your organization.
Invoice automation software is a specialized software designed to streamline and automate the process of creating, managing, and processing invoices. It replaces manual, paper-based invoicing systems with digital solutions that leverage technology to improve accuracy, efficiency, and productivity.
Invoice automation software removes much of the manual labor involved with accounts receivable and payable processing. Many companies are turning to invoice automation software to remain competitive.
Here are the 12 best invoice automation platforms on the market right now.
There’s a long list of providers offering invoice automation software. Narrowing down the choices can be a daunting task. Luckily, you don’t have to worry about that. After a lot of research, we’ve come back with 12 of the best invoice automation software companies.
You’ll find a quick introduction to each offering, feature list, pricing info if available, whether the company offers a free trial or demo, and in some cases, which devices the software will work on (i.e., desktop, mobile, web-only).
We know, we're a little biased and in favor of ourselves here. But, here us out:
Resolve helps B2B companies automate and manage the extension of credit to customers. By offering automated credit terms at the point of sale, Resolve customers can increase their average order size as well as increase repeat customers. There’s also a higher probability that old and new customers will convert into buyers.
Features include:
Demo available upon request. For pricing, visit this webpage.
Yooz is a cloud-based service that automates the accounts payable process. Specifically, it focuses on purchase to payment automation. It is designed for mid market companies with revenues between USD$30 million to $500 million and about 100 invoices per month.
Features include:
The system can be monitored through the Yooz website, iOS device, or Android device. It comes with a 15-day free trial. Yooz pricing is based on volume. At 100 invoices per month, the estimated annual cost is $2388.
If you’re looking for some of the best AP automation control available in the industry, Stampli can deliver. It is focused on invoice approvals. It allows you to resolve invoice approval issues 5x faster. Stampli integrates with existing P2P processes and has support for both PO and non-PO purchases. It is geared towards companies with 200-20,000 invoices per month.
Features include:
Stampli is cloud-based and does not have a desktop or mobile interface, which means you’ll have to access it from a web browser. Pricing information is not publicly available.
Docuware provides broad-based document management and workflow automation. This includes Invoice automation. Docuware will extract data from paper or electronic invoices, process them, and provide all relevant information needed for invoice approval. Docuware is focused on productivity and allows approval from mobile devices.
Features include:
A free demo is available but public pricing information is not. Docuware is available via its website, iOS device, Android device, or as a Windows desktop installation.
DocuPhase claims to lower AP processing by up to 93%. Docuphase AP services go well beyond invoice automation. They are a full accounting automation platform. DocuPhase will scan key components of an invoice and route them to the right people for approval.
Features include:
A free demo is available. Pricing information is not publicly available. DocuPhase can be installed on both Mac and Windows desktops, iOS devices, Android devices, and is available via a web browser.
Proactis targets Fortune 100 or mid-market companies. It provides full AP-automation services. Proactis also helps companies streamline their source-to-pay processes.
Features include:
A free demo is available. Pricing information is not publicly available. Proactis can be installed on Windows desktops, iOS devices, Android devices and is available via a web browser.
MineralTree is an end-to-end automation solution for invoice processing. This includes entry to payment collection (accounts payable). MineralTree claims that it can reduce costs by up to 75%. MineralTree is targeted at mid-sized companies.
Features include:
A free demo is available. Pricing information is not publicly available. MineralTree is available via a web browser only.
Beanworks targets companies with volume between 50 - 10,000+ invoices monthly. It is able to work with small to enterprise-size companies. Beanworks is accounts payable focused but helps streamline the full invoice life-cycle. It also helps teams work remotely.
Features include:
A free trial is available. Pricing information is not publicly available. Beanworks is available via a web browser, iOS, and Android.
Focused on simplifying and automating complex accounts payable for larger firms. Specifically, those with invoice-based supplier and vendor payments. Tipalti claims to reduce 80 percent of the workload in managing the entire global supplier payment operations.
Features include:
A free trial is available. Pricing information is not publicly available. Tipalti is available via a web browser, iOS, and Android.
Bill.com automates accounts payable and accounts receivable. It reduces errors in the process by utilizing artificial intelligence (AI) and machine learning. The more you use the system, the more it will learn your behaviors, which helps improve the overall efficiency of bill management.
Features include:
A free trial is available. Pricing starts at $39 per user/month. Bill.com is available via a web browser, iOS, and Android.
Spendesk is a spend management solutions service. They also do accounting automation.
Features include:
A free demo is available. Pricing information is not publicly available.
Sage Intacct is a full suite of accounting and financial management software. It is a popular best-in-class cloud ERP software. Its target audience is small and mid-sized organizations. Sage Intacct is able to do in-depth analysis and has lots of functionality for tackling complex tasks.
Features include:
A free demo is available. Pricing information is not publicly available. It is available via a web browser.
In today’s fast-moving, technologically-driven business environment, whether to automate your invoice life-cycle is no longer the question. It’s become more about when and who. Most of your competitors have probably already answered both of those questions.
Choosing an invoice automation software provider isn’t a quick decision. It takes time to do the proper research and speak with potentials. Hopefully, the list we’ve provided in this article helps you get a little further along in the decision-making process.