Top 11 finance automation software tools for 2024

It’s said that the only constant is change.

Accounting and finance automation solutions have evolved from yesterday’s legacy systems like Great Plains, AS/400, and others. While many organizations still rely on these tried-and-true systems, modern financial automation solutions offer a vastly different range of capabilities. They go beyond manual process automation to provide intuitive, easy-to-use interfaces, advanced reporting and analytics, seamless integration with other systems, and complete visibility and control over financial processes.

Choosing the right solution from the thousands of providers on the market can be tough. In this article, we’ll look at the top 11 financial automation tools leading the industry today. We’ll explore their features, key strengths, target markets, and, most importantly, what their customers are really saying about them.

Whether you’re a small business taking the first steps into automation or a finance leader trying to understand the landscape, we’ll provide the information you need to make an informed decision.

Let’s get started.

What is financial automation software?

Financial automation software is any digital solution that eliminates manual finance processes, collects, processes, and shares financial information, and manages financial workflows. Technologies like robotic process automation (RPA) help businesses track expenses, perform financial close, enforce internal controls, manage the procure-to-pay process, reconcile accounts, or automate almost any financial or accounting process imaginable.

At the same time, technologies like AI and machine learning provide a wealth of accurate, real-time data and analytics on financial performance, cash flow, and other metrics. This data provides powerful insights that can turn finance into a powerful strategic driver for the organization.

Digital technologies like AI and machine learning are automating AP invoice processes and allowing businesses to save money and manage cash flow. At the same time, those technologies provide a wealth of real-time data and analytics that drive informed strategic decisions.

In a 2022 survey by PYMNTS.com, 57% of CFOs reported that automation is about doing things in new and better ways, and 43% said it was about achieving greater efficiency and cost savings.

Striking a balance between these two goals and finding the solution that makes it happen is key. Each of the following finance automation tools offers a unique mix of efficient process automation and powerful strategic insights.

1. Stampli: Financial automation centered on accounts payable

Stampli is a cloud-based financial automation system that automates the end-to-end accounts payable process. Its platform extends across payments, credit cards, vendor management, and reporting.

Stampli features

Stampli helps finance departments maximize process efficiency and drive business growth by streamlining and automating core tasks through key features such as:

• Paperless invoice processing: Stampli automates invoice capture, data entry, GL coding, and approvals to improve processing efficiency and accuracy.
• Pre-built ERP integration: Integrate Stampli with an ERP in days, not weeks, with full support for native ERP functionality, including MS Dynamics GP, BC, Finance, Sage Intacct, SAP, Oracle NetSuite, and Quickbooks Online.
• Advanced artificial intelligence: Stampli’s AI assistant, Billy the Bot, learns cost accounting rules and business processes to automate manual AP processes.
• Centralized collaboration: Communications, invoice details, and documentation are centered on top of each invoice, so finance teams have everything they need in one place.
• Purchase order processing: Automated two- and three-way matching with processing for partial amounts and adjusting or adding line items to simplify invoice verification.
• Multi-subsidiary support: Process and pay invoices across companies, offices, departments, or locations from a single Stampli account.
• Integrated payment processing: Multiple payment options, including international vendor payments to 100+ countries with foreign exchange risk management.
• Advanced vendor management: Enhanced vendor portal supports self-serve onboarding, vendor document management, and centralized communications.
• Virtual credit cards: Stampli Card integrates with AP workflows to give real-time visibility and control over AP spending and employee expenses.

Stampli key strengths

Stampli supports native functionality for over 70 ERPs, including Microsoft Dynamics, Sage Intacct, SAP, Oracle NetSuite, and Quickbooks Online. Their pre-built integrations allow you to deploy in days with no coding.

Stampli is the recognized leader in customer satisfaction in accounts payable automation. It is ranked #2 out of 3,400 in G2’s Best Accounting & Finance Software Products for 2024 and is recognized as a leader in numerous flagship reports, including:

• G2 Best Software Products for 2024: Stampli is ranked #2 for Accounting & Finance software out of 3,401 contestants and listed among the top 100 highest satisfaction products.
• G2 Grid for Accounts Payable Software: Grid Leader and #1 for Highest User Satisfaction.
• Capterra Shortlists: Awarded for Accounts Payable, Payments Processing, and Billing and Invoicing. 
• SoftwareAdvice FrontRunners: Ranked #3 for Accounts Payable.
• GetApp’s Category Leaders: Ranked #3 for Accounts Payable.
• TrustRadius Top Rated Solutions: Ranked #5 for Accounts Payable Software.

Stampli target customers

Stampli serves municipal governments, non-profits, and mid-market and enterprise businesses, including multi-location and multi-subsidiary organizations that need a financial automation solution that quickly integrates with their ERP and offers exceptional customer support.

Stampli customer reviews

“The best customer service and support I have experienced during and post implementation! …The customer service and quick response is impressive. I have not experienced this type of customer service with other products. This is truly what sets Stampli apart from other software products.

“Stampli is helping us maintain invoices in one common area where multiple users have access and can see the status of each invoice. We have visibility from the time the invoice gets sent to us to the time the invoice is paid. It is easy to manage all of our outstanding invoices and prevents us from losing sight of all invoices that have been sent to us.”
– G2 reviewer

“In an era where time is of the essence, and efficiency is paramount, Stampli stands out as a beacon of simplicity and effectiveness. One of the standout features of Stampli is its seamless integration with existing accounting systems. Regardless of whether your organization utilizes QuickBooks, NetSuite, or another platform, Stampli seamlessly integrates, eliminating the need for tedious manual data entry and ensuring data accuracy.

“Navigating through invoices and approvals is a breeze with Stampli. The platform’s intelligent automation capabilities streamline the entire invoice approval process, allowing for swift and efficient processing. With Stampli, gone are the days of lost invoices and delayed approvals – everything is centralized and easily accessible, enhancing transparency and accountability within the organization. Stampli redefines invoice management, making tedious tasks a thing of the past.”
– Capterra reviewer

2. BILL: Financial process automation for SMEs

BILL (formerly Bill.com) provides financial automation solutions for small and mid-sized businesses. It offers features to manage cash inflows and outflows, covering payments, accounts receivable and payable, and cash management.

BILL features

BILL’s Essentials package includes a choice of either basic accounts payable or accounts receivable features.

• Accounts payable: Bill data entry, standard approvals policies, pay by ACH, virtual card, or credit card.
• Accounts receivable: Create, send, and track invoices, automated payment reminders, and payment by ACH or credit card.
• Manual ERP integration: File-based ERP and accounting system integration via CSV file import.
• User roles: Standard user roles and permissions.

BILL offers advanced features such as custom approval routing, custom user roles, and automatic ERP integration in its higher-priced Team, Corporate, and Enterprise tiers.

BILL key strengths

BILL helps small and medium businesses manage cash flow by simplifying manual processes for paying suppliers and getting paid by customers.

BILL target customers

BILL targets small and medium businesses that need basic financial automation.

BILL customer reviews

“I like that we have one platform that handles both AP and AR. There is also a network effect where a lot of other customers and vendors are on the platform, making it easier to exchange info. It is easy to use and set up though and has an integration with QuickBooks online.

“There’s a slew of other platforms out there that seem to do a better job in their respective area. You have platforms that just do AR and with that, they have better reporting, automation, cash flow tracking, planning and forecasting, etc. It seems that Bill.com has not really invested in that. It simply is used to pay vendors and get paid by customers. Nothing flashy.”
– G2 reviewer

“Works great and seamlessly MOST of the time. Helps to manage accounting and bill payments and seems to be a great time saver that streamlines processes. I enjoy getting paid faster and love having a process I can track along the way.

“While my experience is limited as an end-user, there have been a few times where my payment requests were not received or were duplicated. Not numerous, but when it comes to payment, having it delayed for another reason is longer than most would want.”
– GetApp reviewer

3. Coupa: Spend management for global supply chains

Coupa is a cloud-based Business Spend Management (BSM) platform that helps businesses track and manage their spending, optimize supply chains, and manage liquidity.

Coupa features

Coupa offers several integrated features on its platform:

• Supply chain design and planning: Helps companies optimize supply chains by tracking metrics, identifying bottlenecks, and testing different supply chain scenarios.
• Procurement: Optimizing source-to-pay processes such as supplier sourcing and onboarding, contract management, and spend analysis.
• Treasury management: Gives businesses visibility into global cash position and supports cash allocation and forecasting decisions.
• Procure-to-order: Helps businesses control employee procurement by enforcing guided buying workflows and managing spend.
• Accounts payable: Automated invoice processing, regulatory compliance, and fraud detection services to help companies manage AP spend.

Coupa strengths

Coupa covers procurement, expenses, supply chain management, and payments for companies wanting a single unified supply chain and spend management solution. 

Coupa target customers

Coupa primarily serves multinational enterprises with large global supply chains.

Coupa customer reviews

“Coupa is a great procurement tool. It has all the modules needed to manage spending and provide spend visibility and governance to our organization.”
– G2 reviewer

“I like to have the whole S2P (Source to pay) experience in Coupa, from sourcing and contracting down to invoicing. The tool feels very easy and user-friendly to use.

“I’ve had a lot of user complaints about the sourcing functionalities, and also, the SIM forms and Risk modules are not very easy or intuitive to configure as an Admin. Especially the Risk module requires more knowledge than all, so if someone comes from no Coupa background is almost impossible to become a CRA expert like it’s possible with the other modules.

“Sourcing issues should be prioritized since it highly impacts the S2C users. Furthermore, easier functionalities for process Automator should be focused on.”
– G2 reviewer

4. SAP Concur: Simplified travel and expense management

SAP Concur is a cloud-based travel and expense management platform. It aims to simplify the expense management process for medium and large businesses.

SAP Concur features

SAP Concur automates travel and expense management processes and integrates them into a core solution. Here are its key features:

• Travel management: Enables employees to book travel arrangements, enforces travel and entertainment (T&E) policy compliance, and manages itineraries.
• Expense management: Automates expense reporting, receipt capture, and expense approval routing.
• Analytics and reporting: Provides reporting and analytics on spending patterns, detects fraud, and identifies cost-saving opportunities.
• Invoice management: Automates invoice capture, data entry, and approval routing.
• Mobile app: Enables users to submit expense reports, scan receipts, approve expenses, and book travel on mobile devices.

SAP Concur key strengths

SAP Concur provides an all-in-one travel and expense solution for organizations wanting to streamline manual processes. It integrates with SAP S/4HANA and other products in the SAP portfolio.

SAP Concur target customers

SAP Concur targets government and medium, large, and enterprise businesses.

SAP Concur customer reviews

“User friendly application for expense tracking along workflow matrix feature. Lag-free experience with customization options to meet company needs is value addition to the process.

“Implementation is really difficult and needs a specialist in managing the project [un]till [it] goes live. Once successful then there’s no going back or thinking of changing [the] system as ROI is yet to be realised. Needs a resourceful team to keep the system running.”
– G2 reviewer

“With SAP Concur I can create accurate, detailed expense reports, automate expense management processes, and have visibility anytime and anywhere. I can submit and approve expense reports from anywhere via the mobile app.

“Con: The AI technology, incorporated in the platform can be challenging. When taking a picture and uploading the receipt information, Concur doesn’t always correctly capture the information which can lengthen the process.”
– Capterra reviewer

5. SAP ERP: Comprehensive enterprise automation

Although their capabilities differ from platform to platform, SAP ERP solutions like SAP ECC and S4/HANA provide a wide range of business automation solutions.

SAP ERP features

SAP is a vast ecosystem of products, systems, and solutions, so it isn’t easy to pinpoint its top features. The ideal feature set depends on the customer’s needs and the specific SAP platform. Here’s a selection of SAP S/4HANA’s top features as a general example.

• Industry-specific functionality: S/4HANA offers automation solutions tailored to specific sectors. They come with pre-configured processes, best practices, and data models.
• Supply chain management: Provides reports and analytics to help customers track and forecast inventory and monitor the status of inbound and outbound shipments.
• Financial management: Supports risk management and compliance with built-in best practices, reporting, and analytics.
• Sales: Manages the order-to-cash process, including sales of physical and digital goods and services.
• Integrations: Supports SAP modules and third-party integrated solutions for added functionality and flexibility.

SAP ERP key strengths

As the world’s largest and most complex ERP provider, SAP offers a massive range of business automation solutions. However, many of its account payable processes are manual, reducing its effectiviness as an AP solution. For example, complex ERPs like SAP often different functions into different sections, forcing users to navigate complex menus and screens to complete simple tasks.

SAP target customers

Large, complex organizations seeking a comprehensive automation solution to manage their business processes.

Customer reviews

“The costing functions, personal reports, and reporting are the highlights of the software, and there is no doubt that a company’s organization can be improved with SAP S/4HANA in its portfolio. The intelligence with which the software improves the business process and the speed with which it executes financial issues is an important complement. In our company, we currently have more than 15 products. Having this program guarantees us a stable economic organization, invoice management, accounts receivable, and reliable synchronization.…

“[A]lthough it is very technical, we would like to improve the interface. The tools are very comprehensive and can better organize all the options so that they are not overloaded, unlike some SAP integration products that can cause difficulties.… We also ran into some errors when doing the calculations. The workshops tend to be very repetitive, and it would be helpful to have more customer support for complaints and bug reports. We need to improve integration with SAP ECC.”
– G2 reviewer

6. Airbase: Centralized spend management

Airbase is a spend management solution for mid-sized to enterprise-level businesses and organizations. Although it has traditionally focused on expense management, Airbase has added AP and procurement functions.

Airbase features

Airbase simplifies business and accounting processes to help companies control spending, accelerate financial tasks, and manage risks. It groups its features into flexible service packages.

• Expense approval workflows: Enables businesses to create custom approval workflows for spend requests to control spending and enforce expense policies.
• Corporate credit cards: Physical and virtual credit cards simplify employee purchasing and let finance teams monitor and control expenditures.
• Reporting and analytics: Provides visibility into spending data with customizable reports and dashboards so organizations can monitor spending.
• Security and fraud detection: Detects signs of credit card and payment fraud and alerts finance teams to changes in bank account details and vendor information.

Airbase key strengths

Airbase has earned a good reputation for its spend management features, especially for its employee expense management solution.

Airbase target customers

Airbase is best for SMB to mid-market technology businesses looking for a centralized expense management solution.

Airbase customer reviews

“We use Airbase for three different things: 1) Virtual credit cards: Get unique card per vendor, control budget, control approval workflow, easily cancel cards or change limits 2) Bill payments: Airbase doesn’t really improve this much compared to our previous vendor, but UX is a bit better, approval workflows better implemented, and it is nice to reduce vendors. It also improves expense reporting in the Airbase to consolidate. 3) Expense reports from employees….

“We chose Airbase for the virtual cards and cashback. Having complete control over our software spending via virtual cards was important to us for several reasons, including security,… audit, budgetary, etc….

“I honestly think Airbase is better at bills than Bill.com and better at expense reports than Expensify.”
– TrustRadius reviewer

“We use Airbase for all of our accounts payable functions. This platform consolidates every expense outflow of cash for us into one convenient portal and approval process. This includes virtual cards, physical cards, vendor payments, and expense reimbursements. It also integrates directly with our GL to record the correct entries for expenses, liabilities, and payments….

“Airbase is much more user-friendly than Expensify for the end user submitting reimbursements. When we selected Airbase, BILL did not have a virtual card program, which set Airbase apart from the rest.

“Airbase is great for smaller companies who don’t need a heavy procurement-based product. It is very user-friendly and makes the AP process smooth and repeatable. It would be less beneficial for large companies that have complicated POs and procurement needs.”
– TrustRadius reviewer

7. Oracle NetSuite: Scalable cloud-based ERP

Oracle NetSuite is a cloud-based ERP that covers financials, CRM, e-commerce, inventory management, and more.

NetSuite features

NetSuite offers several modules, known as Suites, to automate financial and business processes. Its specific features depend on the customer’s needs and the specific NetSuite modules used. Here are some of NetSuite’s key features:

• Cloud-based architecture: NetSuite can be deployed without the need for on-premise hardware or software and is accessible from anywhere with an internet connection.
• Accounting automation: Through its core solution and added modules, NetSuite automates basic manual processes for accounts receivable, accounts payable, reconciliations, and financial reporting.
• Supply chain management: Automates business processes to give customers visibility and control over their supply chain.
• Global business management: NetSuite OneWorld helps businesses manage global operations, including currency management, tax rules, and reporting.
• Seamless third-party integrations: NetSuite’s SuiteCloud Platform enables seamless integration with third-party solutions to extend functionality and allow businesses to leverage their existing software investments.

NetSuite key strengths

Its highly scalable and customizable platform and seamless third-party integrations make NetSuite a good choice for growing businesses needing a comprehensive business automation solution.

NetSuite target customers

NetSuite is for small, medium, and large businesses looking to move from QuickBooks to a more robust, customizable ERP solution.

NetSuite customer reviews

“I think one of the most helpful features of NetSuite is its unified platform. It really makes a big difference that all our departments can use just one system to get everything done, from ERP, CRM, e-commerce, financials, and HR. Also, the customization that is available to us has been vital. We have been able to scale the system exactly the way we need to run our business most efficiently.

“Cost can be a factor at times especially when we need to implement a new add-on or business process. There is also a bit of a learning curve just because of how much we have customized our specific system. Also, the dependency on internet connectivity. [B]ecause it is cloud-based if we were to lose internet in the office we would have very heavy disruptions and downtime until we can connect again.”
– G2 reviewer

“Overall, our experience with NetSuite has been highly positive. The platform has significantly improved our inventory and order management processes, providing us with real-time visibility into our operations and helping us streamline our workflows for greater efficiency and accuracy. While there was a learning curve during the implementation process, the benefits we have gained from using NetSuite have far outweighed any initial challenges…

“What I liked most about NetSuite was its comprehensive suite of inventory and order management features, which provided real-time visibility into our inventory levels, streamlined our order processing, and helped us optimize our warehouse operations for greater efficiency and accuracy.

“What I liked least about NetSuite was its initial complexity and the learning curve associated with setting up and customizing the system to meet our specific business needs. Additionally, the cost of implementation and ongoing maintenance could be prohibitive for some businesses.”
– Capterra reviewer

8. Tipalti: Global payments and financial automation

Tipalti is a cloud-based global payments platform that offers AP automation, vendor payment, and spend management solutions.

Tipalti features

Tipalti supports small, medium, and large businesses that want to streamline accounting and finance tasks, including purchasing, global payments, and accounts payable. Here are its core features:

• Global mass payments: Enables businesses to make mass payments to international suppliers and provides currency conversion, tax compliance, and reporting services.
• Accounts payable automation: Automates invoice processing, approvals, and supplier payments.
• Supplier management: Provides a self-service portal to let vendors submit invoices, ask questions, and update their information.
• Tax compliance: Tipalti automates tax compliance by collecting tax forms, validating tax information, and generating tax reports.
• Fraud prevention: Helps businesses identify suspicious activity and prevent fraudulent invoices and payments.

Tipalti key strengths

Tipalti’s global payment capabilities and friendly user interface make it a good solution for businesses seeking to pay international suppliers. However, its AP automation capabilities may be hampered by its reliance on outsourced managed services to augment its invoice scanning capabilities.

Tipalti target customers

Medium and enterprise companies with a global footprint that need to manage large volumes of complex cross-border payments.

Tipalti customer reviews

“Our company uses Tipalti to store and maintain vendor information, enter and process vendor invoices and issue vendor payments. The data stored in Tipalti syncs with our ERP – NetSuite to provide an accurate data stream.

“Overall I think Tipalti is quite usable and has really nice features that work well and benefit our company, but there are definitely improvements that could be made, such as stability of the product, adding a more robust search function, reducing the number of pages the user has to click through to get information (such as payment information), fund the clearing accounts more quickly (currently a four-day process), provide more concise remittance advice to our vendors (such as a .pdf or .xlsx file) and improving reporting capabilities.”
– TrustRadius reviewer

“As a mid-sized business with a global supplier base, we found that Tipalti has been instrumental in streamlining our payment processes. The platform’s automation features have significantly reduced manual work and errors, and the comprehensive dashboard has enabled us to track payments and generate detailed reports…

“While Tipalti offers a robust set of features, it can be complex and overwhelming to set up and navigate. Users may require significant training and support to utilize all of the platform’s capabilities, and the setup process can be time-consuming. Additionally, the pricing structure of Tipalti may be prohibitively expensive for smaller businesses with lower transaction volumes.”
– Capterra reviewer

9. Sage Intacct: Flexible and customizable cloud-based ERP

Sage Intacct is a cloud-based ERP offering accounting and financial automation solutions to organizations with complex financial needs.

Sage Intacct features

Intacct offers solutions through its core financial management platform. Customers can subscribe to Intacct modules or use third-party integrations to add additional functionality. Here are Intacct’s main features:

• Core financials: Intacct automates general ledger, purchasing, accounts payable, accounts receivable, order management, and cash management functions.
• Dashboard and reporting: Provides financial insights via data analytics and customizable reports and dashboards.
• Billing: Automates project costing, contract and subscription billing, and GAAP-compliant revenue recognition.
• Open third-party integration: Sage Open API facilitates data sharing and integration between Intacct and third-party applications to seamlessly add functionality.

Intacct key strengths

Sage Intacct is flexible, highly customizable, and offers industry-tailored solutions for construction, health care, and other sectors.

Intacct target customers

Intacct is primarily targeted at small and mid-sized businesses with complex financial needs.

Intacct customer reviews

“Open-ended API system allows easy integration. This enables a high volume of information to be stored in [I]ntacct. Can be really useful in understanding trends and identifying areas for improvement. The report financial writer has many uses, from stock items sold to analysed financial statements. Intacct is used daily. [T]here is an amazing support system in the top right hand corner that covers all issues.

“There are particular functions that would improve Intacct such as allowing certain purchase credits to be selected and applied against purchase invoices rather than applying them based on their age.”
– G2 reviewer

“When put to its intended use, Sage Intacct excels. We’ve been able to streamline the recording of transactions involving many departments or money, which has improved our reporting capabilities and saved us time. Sage Intacct is the accounting software we use to manage the intricacies of running our business.

“Sage Intacct allows us to import the statement, conduct an in-depth analysis, keep tabs on past payments, and make adjustments to upcoming payments….

“Cons: Using it is a bit of a struggle. It takes months to work efficiently, in my experience. Starting something you’ve never done before is always difficult. While robust, customizing the reports and dashboard features is a slog.”
– Capterra reviewer

“Excellent software. This software is easy to navigate and has easy features, you are able to see posted payments and everything paid all in one…This makes processing so much easier, you can go to Stampli and process invoices and they will generate to Intacct.”
– G2 reviewer

10. Dynamics 365 Business Central: ERP optimized for Microsoft ecosystems

Microsoft Dynamics 365 Business Central (BC) is Microsoft’s flagship ERP product. As the most widely used ERP, BC helps businesses streamline their processes.

BC features

BC aims to help organizations optimize their operations by increasing efficiency and improving decision-making. Here are its core features:

• Financial management automation: BC automates and streamlines accounting, budgeting, cash flow management, and financial reporting processes.
• Supply chain management: Enables organizations to manage inventory, purchasing, warehousing, and order fulfillment.
• Project management: Schedules and tracks project progress, dependencies, resources, and financials.
• Human resource management: Automates HR functions like employee information management, payroll, and benefits.

BC key strengths

BC’s biggest strength is that it integrates with other Microsoft solutions and systems, such as 365 solutions like Excel, Outlook, Teams, SharePoint, and Word.

BC target customers

BC is targeted at small and medium-sized businesses that want ERP functionality.

Customer reviews

“Microsoft Dynamics 365 Business Central saves a lot of time we usually spend on internal communication and project reporting, as we can access, manage, and track our tasks within one shared platform. The service enhances our operation workflow and allows team members to interact seamlessly across various departments, like sales, project management, and finance.

“The built-in reporting features with the Microsoft Power BI app integration allow us to gauge and analyze the resources and effort spent on a specific project or within a time frame and provide us with the feedback needed for better operation management and performance improvement. The platform improves our teams’ communication and collaboration on clients management and e-document cycle.”
– G2 reviewer

“Microsoft Dynamics 365 Business Central fits nicely in the Microsoft ecosystem so it has a lot of integration and support with Outlook, Azure, partner apps, Excel, SQL Server tools, Power BI, and much more.

“It’s also highly-featured; it contains a vast set of functionality. We were seeking a solution for a busy 130-store specialized retail chain, with warehousing, inventory, etc. This is a little more complicated as the company has a franchise model so there is a diverse set of companies and inter-company transactions occurring too….

“Our company uses Microsoft Dynamics 365 Business Central for accounts, general ledger, warehousing, inventory, and more, all within a busy multi-store retail environment. It allowed us to move to a centralized ordering model with consignment ordering. This has helped free up stores from handling their own manual ordering, and it has aided stores with cash flow.”
– G2 reviewer

11. QuickBooks Online: Cloud-based accounting automation

QuickBooks Online (QBO) is a cloud-based accounting system designed to automate and simplify financial management for small and medium-sized businesses.

QuickBooks Online features

QBO offers tools and features to help businesses track spending, create invoices, manage payroll, and more. Here are some of the key features:

• Income & expense tracking: Captures and categorizes transactions, tracks revenue and spending, and reconciles bank accounts.
• Invoicing and payments: Creates and sends invoices, accepts payments, tracks payment status, and sends payment reminders.
• Payroll: Manages employee payroll, calculates and deducts taxes, and files payroll forms.
• Reporting and insights: Generates customized reports and dashboards to provide insights into financial performance and cash management.

QuickBooks Online key strengths

QBO is a scalable, user-friendly, and accessible accounting solution ideal for businesses needing to automate basic accounting functions.

QuickBooks Online target customers

QBO is primarily targeted at freelancers and small businesses but offers higher-level tiers for medium-sized businesses.

QuickBooks Online customer reviews

“My overall experience with QuickBooks Online has been positive. It has helped me streamline my financial management processes and stay organized with my business finances. The software’s user-friendly interface, comprehensive features, and real-time data accessibility have been valuable in tracking income and expenses, generating reports, and maintaining financial stability. While there were some drawbacks such as the cost and learning curve for advanced features, the benefits outweighed the challenges, making QuickBooks Online a valuable tool for managing my business finances efficiently.”
– Capterra reviewer

“The ability to manage most of your company through a single program is a great advantage. Also, I am impressed with the variety of possibilities and the ability to customize almost everything. It monitors the inventory count and has an integration span that works with various tools and other software, which is excellent for the company to continue its business.…

“My biggest drawback is that at the time you are in need of assistance, it may be difficult to get the right answers through the online help center. And when you do call, occasionally the officers are not very attentive….”
– G2 reviewer

Stampli: The only finance automation platform centered on AP

Stampli puts the AP process at the center to maximize efficiency across the procure-to-pay cycle. The only finance automation platform designed for AP, Stampli includes payment processing, credit cards, invoice processing, vendor management, reporting, and more.

Why is Stampli different?

Stampli is built for how AP teams actually work and delivers what AP teams need.

Implement without major internal resources

Stampli’s pre-built integrations support all native ERP functionality with no need to re-engineer your ERP or change your accounts payable policies. We offer seamless integration for SAP S/4HANA, BC, Sage Intacct, QuickBooks Online, Oracle NetSuite, and 70+ other ERPs and accounting systems.

Onboarding and support from real AP experts

Stampli’s support team members have AP and ERP backgrounds. They understand your needs, not just Stampli’s software.

Choose a platform for the future

Stampli adapts and innovates as your organization evolves, be it new AP policies, new people, ERP updates, even M&A.

Ready to automate your financial processes without disrupting your ERP? Contact Stampli today