Accounts Payable Software

Accounts payable software (also called invoice processing software) enables companies to automate end-to-end invoice processing, an important part of accounts payable

Accounts payable software (also called AP, invoice processing, p2p, procure to pay or purchase to pay software) automates invoice processing.

Accounts payable process includes

  • extracting data from invoices. We explained document capture in detail here. Invoices are a type of semi-structured document
  • performing validations as determined by the jurisdiction and the company's internal compliance rules
  • in case of physical good purchases: matching invoices with goods received
  • in case of service purchases: ensuring that services were indeed received
  • creating the necessary accounting entities

To be categorized as an accounts payable software a product must be able to

  • automatically extract data from invoice images in various formats.
  • perform the necessary validations and create the necessary accounting entities
If you’d like to learn about the ecosystem consisting of Accounts Payable Software and others, feel free to check AIMultiple Finance.

Compare Best Accounts Payable Software

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What are our data sources?

We use the data sources on the side for ranking solutions and awarding badges in accounts payable software category. Our data sources in accounts payable software category include;

4

review websites

2

social media websites

1

search engine data for branded queries

Accounts Payable Software Leaders

According to the weighted combination of 7 data sources

QuickBooks Online

Patriot Payroll

FreshBooks

Emburse

Webexpenses

What are Accounts Payable Software market leaders?

Taking into account the latest metrics outlined below, these are the current accounts payable software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.

QuickBooks Online

Patriot Payroll

FreshBooks

Emburse

Webexpenses

What are the most popular Accounts Payable Software?

What are the most searched accounts payable software brands?

Searches with Brand Name

These are the number of queries on search engines which include the brand name of the solution. Compared to other Finance categories, Accounts Payable Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 59%, 16% more than the average of search queries in this area.

What are the most mature Accounts Payable Software?

Which accounts payable software companies have the most employees?

74 employees work for a typical company in this solution category which is 53 more than the number of employees for a typical company in the average solution category.

In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 93 companies with >10 employees are offering accounts payable software. Top 3 products are developed by companies with a total of 30k employees. The largest company building accounts payable software is Sage Software with more than 10,000 employees.

Sage Software
Intuit
Zoho Corporation Pvt. Ltd.
HighRadius
Blackbaud

What are the Accounts Payable Software growing their number of reviews fastest?


We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.

These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.

What is the average customer size?

According to customer reviews, most common company size for accounts payable software customers is 1-50 Employees. Customers with 1-50 Employees make up 46% of accounts payable software customers. For an average Finance solution, customers with 1-50 Employees make up 20% of total customers.

Overall
Customer Service
Ease of Use
Likelihood to Recommend
Value For Money

Customer Evaluation

These scores are the average scores collected from customer reviews for all Accounts Payable Software. Accounts Payable Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".

What is the level of interest in Accounts Payable Software?

Interest in Accounts Payable Software

This category was searched on average for 1.3k times per month on search engines in 2022. This number has increased to 1.6k in 2023. If we compare with other finance solutions, a typical solution was searched 853 times in 2022 and this decreased to 808 in 2023.