Fintech / Payments

AP Automation Software

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER

What is AP Automation Software?

Accounts payable (AP) automation software companies use AI and machine learning to automate the entire AP process, from invoice to payment to reconciliation, with the aim of reducing manual processes and avoiding human errors. Other AP automation solutions streamline vendor management processes, improve tax compliance form efficiency, and support international supplier invoicing.

Selling a product or service?
Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

Claim your CB Insights Profile

Leaders

Leaders are the most established service providers in the market and possess the breadth to address various customer needs.

See why these companies made it as leaders for AP Automation Software. These companies include Tipalti and Finexio.

Tipalti logo
Tipalti

United States / Founded Year: 2010

Tipalti provides a cloud based technology platform aimed at mid-market companies, who have traditionally been underserved by banks, to streamline all phases of the global accounts payable workflow. The solution streamlines and optimizes businesses' end-to-end global payables workflow, while giving companies access to cross border payments, currency conversion, and payments across a wide range of methods.

Key People

Oren Zeev, Chen Amit, Sarah Spoja, and 2 more

Finexio logo
Finexio

United States / Founded Year: 2015

Finexio simplifies accounts payable payments for medium and large corporates by digitizing manual paper checks. Finexio's Accounts Payable "Payments as a Service"​ solution leverages proprietary analytics and robotic process automation to drive maximum conversion rates of suppliers to electronic payments. Finexio's intelligent business to business payment network identifies, delivers, and supports ten forms of payment, generating revenue and cost savings for Accounts Payable departments while offering complete transparency and control of the payment process.

Known Customers

Amherst College

Key People

Ernest Rolfson, Mike Rodriguez, Alex Reznik, and 1 more

Paymerang logo
Paymerang

United States / Founded Year: 2010

Paymerang provides electronic payment solutions for commercial clients in the education, healthcare, banking, non-profit, hospitality, public sector, media, real estate, manufacturing, and services industries. The company's cloud-based accounts payable software allows businesses to electronically pay their vendors in a safe, secure and efficient way while earning rebates on their spending. Paymerang also helps businesses automate invoice processing, coding, and approval, which saves hundreds of hours for time-strapped business offices.

Key People

Nasser Chanda, John Heyel, Brian Cook

Tradeshift logo
Tradeshift

United States / Founded Year: 2009

Tradeshift is a flexible, business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. Companies can buy, sell, and tailor B2B solutions to meet individual needs.

Known Customers

Chain IQ, Abreon, Axfood, and 2 more

Key People

Mikkel Hippe Brun, Gerald Heydenreich, Christian Lanng, and 2 more

PredictAP logo
PredictAP

United States / Founded Year: 2020

PredictAP automates the accounts payable and payment processing needs of large real estate investment funds and property managers.

Known Partners

Yardi

Key People

Russell Franks

S
Settle

United States / Founded Year: 2019

Settle offers accounts payable software and working capital solutions for commerce brands to help them better manage cashflow. Settle also offers accounting integrations to track invoices in Quickbooks or Xero. Their solution also enables ecommerce merchants to schedule, pay or split invoice payments and assign approvers from an organization.

Key People

Alek Koenig, Shane Moriah

Highfliers

Highfliers are the most innovative service providers in the market and possess the resources to address evolving customer needs.

See why these companies made it as highfliers for AP Automation Software. These companies include Stampli and Plate IQ.

Stampli logo
Stampli

United States / Founded Year: 2015

Stampli provides cloud-based interactive invoice management software that streamlines the entire accounts payable process and centralizes the communication on a specific invoice. Featuring a collaborative user interface, the solution integrates with Enterprise Resource Planning systems including NetSuite, Sage Intacct, QuickBooks, SAP and more.

Known Partners

NetSuite, Sage, Intacct, and 2 more

Key People

Eyal Feldman, Ido Peleg, Ofer Feldman

Plate IQ logo
Plate IQ

United States / Founded Year: 2014

Plate IQ develops restaurant management software. The Plate IQ platform transforms back-office operations with accounts payable automation, food costs analytics, bill pay, inventory and recipe costing tools solutions for the restaurant industry mostly focus on the front of the house.

Known Partners

Fintech, Compeat

Known Customers

Compeat

Key People

Bhavuk Kaul, Ram Jayaraman, Barrett Boston

Outperformers

Outperformers are the most specialized service providers in the market and possess the expertise to address unique customer needs.

See why these companies made it as outperformers for AP Automation Software. These companies include .

Challengers

Challengers are the most promising service providers in the market and possess the agility to address emerging customer needs.

See why these companies made it as challengers for AP Automation Software. These companies include Interchecks Technologies and Aavenir Software.

I
Interchecks Technologies

United States / Founded Year: 2016

Interchecks Technologies is a platform that simplifies payments for businesses while increasing the variety of payment options for payees. It helps payees choose how they want to be paid, manage payment compliance, and track those payments. Interchecks is used to manage contractor payments, vendor payables, and general payouts.

Key People

Dylan Massey, Brandon White, Robert Chevlin, and 1 more

A
Aavenir Software

United States / Founded Year: 2019

Aavenir Software aims to deliver smart solutions in the form of SaaS-based application suites to global enterprises. Aavenir’s Contractflow - Contract Lifecycle Management (CLM) product solves text analytics problems for risk and obligation management. Invoiceflow - Accounts Payable (AP) automation product solves multi-vendor invoice data extraction and processing problems by harnessing the power of AI & ML technologies.

Known Partners

ServiceNow

Known Customers

ServiceNow

Key People

Jesal Mehta, Gaurang Soni, Sunil Masand, and 2 more

What is AP Automation Software?

Accounts payable (AP) automation software companies use AI and machine learning to automate the entire AP process, from invoice to payment to reconciliation, with the aim of reducing manual processes and avoiding human errors. Other AP automation solutions streamline vendor management processes, improve tax compliance form efficiency, and support international supplier invoicing.

Selling a product or service?
Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

Claim your CB Insights Profile