If you're in the market for AP automation software to handle invoicing and payments, Stampli is another contender. This AI-based platform consolidates AP-related communications, documents and workflows, integrates with more than 70 ERPs, and offers features like centralized collaboration, adaptive AI for automating tasks, and flexible payment options. It also offers Stampli Direct Pay for US and international payments and Stampli Cards for AP purchases and expenses to ensure accuracy and control from invoice creation to payment.
Another strong contender is Medius, which offers a range of AP automation software for midsize businesses. It automates invoice capture and processing, eliminates manual work, and offers features like payment automation, fraud detection and conversational AI help. The platform also offers real-time visibility into direct and indirect spend and employee expenses so businesses can make more informed decisions with less administrative burden.
Paymode-X offers a more powerful AP automation option that digitizes the entire invoice-to-pay process with machine learning, AI and OCR. It captures and extracts invoice data accurately, offers electronic payment options, and offers interactive analytics dashboards and real-time reporting. The platform integrates with any GL via API or automated data transmission and can be used on a mobile app, so it's a good option for those who want a more comprehensive tool to improve efficiency and reduce fraud risk.
Last, Paymerang offers a more general-purpose finance automation platform that uses AI and machine learning to simplify accounting. It automates invoice, payment and receivables processes, and earns cash-back rewards on virtual card purchases. The platform integrates with a variety of accounting systems and offers real-time visibility and control over spend, so businesses can better allocate resources and focus on growth.