There are many different types of Accounts Payable AP automation software available, and the best one for you will depend on your specific needs. In this guide, I ranked and reviewed the 7 best AP automation software, along with my top 3 choices, so that you can pick the best one.
The 7 best AP automation software are Nanonets AP Automation, Airbase, Bill.com, Stampli, Tipalti, PaperSave AP Automation, and Bonsai.
AP automation software is a technology solution that streamlines the accounts payable process by automating tasks such as invoice capture, data extraction, approval routing, and payment processing. It eliminates manual data entry, reduces processing time, and improves accuracy, resulting in increased efficiency, cost savings, and better financial management.
According to a report published by Markets and Markets, the AP automation software market is expected to grow from $1.9 billion in 2019 to a whopping $3.1 billion by 2024. That is why it is very critical to keep on following the latest accounts payable automation trends.
Given the wide range of accounts payable software on the market, it may be difficult for businesses to select one. The features of AP automation software and the specific needs of the organization influence a company’s choice.
Let’s get started reviewing the best AP automation software available and help you decide the best option for you.
Accounts Payable Automation Software Comparison
| Accounts Payable Software | Best For | Free Trial | Rate | Price |
| Nanonets AP Automation | Small and medium-sized businesses | Yes | 5 | FREE |
| Airbase | Small and medium-sized businesses | No | 5 stars | Not disclosed |
| Bill.com | Small and medium-sized businesses | No | 5 | Starting $45 |
| Stampli | Businesses of all size | No | 4.5 | Not disclosed |
| Tipalti | Businesses of all size | No | 4 | Not disclosed |
| PaperSave AP Automation | Small and medium-sized businesses | No | 4 | Not disclosed |
| Bonsai | Small businesses | Yes | 4 | Starting $24 |
What are the Best AP Automation Software?
Here are my picks for the best accounts payable automation software to automate business payment processes from start to finish.
Each of these AP software processing has advantages and downsides; selecting the proper software necessitates careful planning and testing.
1- Nanonets AP Automation
Nanonets is ideal for businesses looking to automate accounts payable processes end-to-end using AI.
Auto-capture invoices and receipts, set up approval rules, and sync with your ERPs or accounting software.
Get granular visibility into vendor payments or overall payables. Reduce processing time and manual effort for your AP or finance teams.
Key Features
- Auto-import invoice or vendor data from any source
- AI-based invoice capture – including line items and GL codes
- AI-based or custom approval policies that fit your business
- Connect to your existing ERP and file systems in one click.
- Real-time notifications for invoices/payments that need your attention.
- Approve on-the-go with a single click.
Pricing
Free – for up to 20 documents per month.
Pro – $399/month for a team of up to 30 users.
2- Airbase
Airbase’s account payable automation software was created to assist businesses in staying in compliance with the law. It also assists them in avoiding late fees and penalties.
The primary service provided by the company is to automate the process of accounts payable for businesses, which involves purchasing and paying for goods and services. It accomplishes this by first tracking all of a company’s purchases, then computing the cost of these purchases, and finally making payment for them.
It provides a single platform for accounts payable, an advanced corporate card program, and employee expense reimbursements. The advantages of using this AP automation software are ability to have maximum control and transparency of all the purchases procedures.
Key Features
- Accounting automation
- Workflows approvals
- Live and real time reporting
- Receipt reminder
- reduce time-to-close
Pricing
Prices are not disclosed.
3- Bill.com
Bill.com is a cloud-based accounts payable software that assists organizations in managing accounts payable and reducing time spent on it. It includes many capabilities, such as automatic invoice processing, electronic payments, and cost management.
This one of the best ap automation software offers several solutions for different types of businesses: Bill.com for Business, Bill.com for Professional Services, and Bill.com for Government Providers.
From our experience of using this tool, it allowed us to easily enter bills, simplify approval process, and complete picture of money coming in and out of our business.
Key Features
- Duplicate invoice detection using intelligent virtual assistant technology
- Integration with other software
- Simplify recurring charges
- ACH payments
- Easy to use
Pricing
- Corporate: $79 user/month
- Enterprise: Custom pricing
4- Stampli
Stampli is an accounts payable automation software and tools that assists in the management and streamlining of the supplier payment process. It is a cloud-based ap processing software that can be accessed by desktop and mobile devices.
Stampli automates the whole accounts payable process, from purchase orders to invoicing, freeing up time for other elements of the organization. If you are looking for a reliable tool to automate your payment process, make sure to try Stampli.
Key Features
- Duplicate detection
- Built-in calculations
- Integration with well known related systems
- Approval routing
- Full accounting process module
- AI used to enter details from invoices
Pricing
Prices are not disclosed
5- Tipalti
Tipalti is an accounts payable automation software and tools that enables businesses to automate their accounts payable processes and pay vendors more quickly, accurately, and with less manual intervention.
Tipalti automates the entire vendor payment process, including vendor selection, invoice matching, payment processing, and reconciliation. It also provides a full audit trail for every transaction.
Key Features
- Payment API
- Currency administration
- Payment reconciliation
- Full financial control
Pricing
Prices are not disclosed.
6- PaperSave AP Automation
PaperSave AP Automation is a cloud-based accounting software that automates invoice processing, invoicing, and payments. This ap software was created to assist businesses in automating their accounts payable process. PaperSave can also be integrated with other business applications.
We enjoy that this best AP automation software synced with our accounting software, which eliminated the need for us to manually attach invoices in the accounting software.
PaperSave is a document management system with advanced features to help manage documents lifecycle within an organization, as well as an AP automation module that gives businesses the advantage of controlling their invoices in a single solution.
Key Features
- Full automation of invoice lifecycle
- Document management capabilities
- Easy to use and customizable
- Flexible document security
Prices
Prices are not disclosed.
7- Bonsai
Bonsai is a fantastic accounts payable automation tool for start-ups and small businesses that want complete control over their financial automation.
This tool allows you to have full integration with your accounting systems and CRM software to help process invoices, create purchase orders, match invoices against PO, and generate purchase order.
Like all other AP software available in the market, this is trusted by many organizations and they are well known for their customer service response time.
Pricing
This accounts payable tool offer 3 different packages
1- Starter: $24 per month
2- Professional: $39 per month
3- Business: $79 per month
