Accounts Payable AI Platforms

Accounts Payable (AP) AI platforms enable businesses to automate and streamline back-office and bookkeeping duties, such as data entry and reporting. 

Accounts Payable (AP) AI platforms enable businesses to automate and streamline back-office duties, such as data entry, bookkeeping and reporting. Here are a few capabilities of accounts payable (AP) AI platforms:

To be included in this list, the AP AI platform must be capable of:

  • Invoice capture: Automatically extracting data from invoices in multiple formats, such as email and PDF, using optical character recognition (OCR) and AI technologies. This reduces cost of shared service centers that rely on human labor to extract data from documents.
  • Duplicate expense identification: Leveraging document data fields beyond document ID to identify potential duplicates even when they arrive from different channels like PDF in emails or physical invoices sent via mail. This can reduce duplicate payments even in cases where different employees at the vendor issue duplicate invoices.
  • Automated approver identification: Automatically identifying approvers based on machine learning models trained on historical data. This saves companies from maintaining complex rule sets to identify approvers.
  • Automated bookkeeping: Automatically identifying bookkeeping parameters like the cost center of an expense in non-PO invoices of enterprises. This saves bookkeepers from manually reviewing most documents.
  • Continuous learning: Models should be learning from human input to stay up-to-date as process flows, regulations and team members change.
  • Reporting: Tracking automation rates and providing insights into the organization's spending patterns.
If you’d like to learn about the ecosystem consisting of Accounts Payable AI Platforms and others, feel free to check AIMultiple Finance.

Compare Best Accounts Payable AI Platforms

Results: 5

AIMultiple is data driven. Evaluate 5 services based on comprehensive, transparent and objective AIMultiple scores.
For any of our scores, click the information icon to learn how it is calculated based on objective data.

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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 ai platforms category. Our data sources in accounts payable ai platforms category include;

4

review websites

2

social media websites

1

search engine data for branded queries

Accounts Payable AI Platforms Leaders

According to the weighted combination of 7 data sources

Stampli

AccountsIQ

AppZen

Hypatos

Vic.ai

What are Accounts Payable AI Platforms market leaders?

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

Stampli

AccountsIQ

AppZen

Hypatos

Vic.ai

What are the most popular Accounts Payable AI Platforms?

What are the most searched accounts payable ai platforms 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 AI Platforms is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 96%, 22% more than the average of search queries in this area.

What are the most mature Accounts Payable AI Platforms?

Which accounts payable ai platforms companies have the most employees?

36 employees work for a typical company in this solution category which is 15 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. 4 companies with >10 employees are offering accounts payable ai platforms. Top 3 products are developed by companies with a total of 456 employees. The largest company building accounts payable ai platforms is AppZen with more than 200 employees.

AppZen
Stampli
Hypatos
AccountsIQ

What are the Accounts Payable AI Platforms 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 ai platforms customers is 51-1,000 employees. Customers with 51-1,000 employees make up 55% of accounts payable ai platforms customers. For an average Finance solution, customers with 51-1,000 employees make up 52% 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 AI Platforms. Accounts Payable AI Platforms is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".