If you're looking for a more complete automation solution for your invoice-to-pay process, Paymode-X is worth a look. It uses machine learning, AI and OCR to capture and extract invoice data, and it's designed to be more accurate and to cut down on human error. The platform also has stronger security with vendor validation based on more than 300 data points to help thwart fraud and real-time analytics dashboards to monitor invoice KPIs. And it can be used on mobile apps and integrated with any GL through API or automated data transfer, so Paymode-X can help improve efficiency and lower risk in many industries.
Another strong contender is Basware, a cloud-based purchase-to-pay and e-invoicing service. It automates a broad range of invoices, including PO-based and non-PO-backed invoices, and has global compliance capabilities. It integrates with more than 250 ERPs in 190 countries, and Basware offers AP insights and 100% spend visibility. Its subscription-based pricing model is designed to be scalable, and Basware has 40 years of experience in the industry. It's a good choice for companies that want to automate their AP process.
For midsize companies, Medius offers a complete suite of AP automation software that cuts down on the risk of fraud and provides better transparency into cash flow. The software automates invoice capture, processing and payment, and it also includes payment automation and real-time visibility into direct and indirect spend. Its intuitive and flexible design means it can be quickly implemented and requires minimal ongoing administration, making it a good choice for companies that want to simplify their AP processes.
Paymerang also offers a full finance automation platform that automates accounting processes with AI and machine learning. It automates invoices, payments and receivables, giving customers real-time visibility and control over spend. It can integrate with a variety of accounting systems, and security is a top priority. It's a good option for companies in many industries that want to improve efficiency and accuracy in their financial operations.