6 Top Tipalti competitors for accounts payable automation

Tipalti is a cloud-based AP automation provider with a wide range of invoice automation, spend management, tax compliance, and payment automation solutions. It’s designed to meet the needs of medium to enterprise-level businesses who want to streamline financial processes. 

Tipalti provides an accounts payable process that facilitates building efficiency and better cash flow management. However, there may be better choices if you’re looking for a more user-friendly platform that doesn’t require any rework to your ERP, financial system, or accounting software. Join us as we explore six Tipalti AP automation alternatives that business owners may want to consider.

1. Stampli

Stampli is ideal for accounting teams who want to improve the efficiency of their accounts payable workflow without changing business processes or reworking their ERP. Stampli is designed for Accounts Payable, with the unique ability to learn your company’s patterns and processes and automate core accounting functions. For greater control over expenses, customers can opt for Stampli Direct Pay, Stampli’s integrated payment automation solution, to centralize all payment methods (ACH, check, wire transfer, credit card) on one AP automation platform.

AI and machine learning make AP workflows within Stampli — like invoice scanning and coding, approval routing, and payment processing — powerful, flexible, and adaptable. With Stampli, accounts payable teams gain visibility and control over every transaction, saving time and money and making AP a strategic driver for your business. 

Stampli has received numerous awards for customer service, corporate citizenship, and excellence, including: 

• No. 2 in the G2 list of Best Accounting and Finance Products for 2023.
• Recognized By Forbes As One Of America’s Best Startup Employers Of 2023
• Best Accounts Payable Automation Solution, 2022 Fintech Awards.

Key features

• Real-time AP data transparency and analytics provided by Stampli Insights financial dashboard, with automatic data synchronization with your ERP to ensure accuracy.
• Handles multi-location, multi-currency, and multi-subsidiary accounts payable scenarios.
• AP automation interface supports custom routing and multiple approval levels.
• Handles international payments to suppliers in over 150+ countries in USD or local currency with foreign exchange management tools to manage FX risk.
• Full integration with more than 70 ERPs and accounting systems with easy, disruption-free deployment.

Advantages

Customer satisfaction

Stampli consistently scores top ratings for Implementation, Relationship, and Usability in the G2 Grid for Accounts Payable for excellence in customer service.

Smartest AI

Stampli’s AI assistant, Billy the Bot™, automates and streamlines accounts payable processes like invoice data entry, verification, and GL coding.

Integrated services beyond Accounts Payable

Stampli’s suite of integrated AP and spend management products add functionality like employee expense management (Stampli Expenses), domestic and international payment solutions (Stampli Direct Pay), and virtual and physical card programs (Stampli Card) to its core AP automation solution.

Time to value

Stampli offers fast implementation with live setup assistance and 24/7 customer support from AP and ERP experts. Most implementations can be completed within days with no change to your existing workflows or IT infrastructure.

Most control

Stampli’s cloud-based solution centralizes AP-related communications, documents, and workflows for greater control.

Pricing

Stampli offers simple monthly or annual pricing with unlimited users, vendors, and training.

Bottom line

Stampli is the perfect choice for small, medium, or enterprise companies seeking an Accounts Payable solution to simplify and enhance their procure-to-payments process. It offers a user-friendly design, industry expertise, transparent pricing, and a proven track record for customer service, making it the top alternative to Tipalti accounts payable.

2. BILL (formerly bill.com)

BILL (formerly Bill.com) provides comprehensive solutions to streamline, digitize, and automate financial operations for small businesses. With a focus on managing cash inflows and outflows, BILL offers features such as invoice generation, approval workflows, payment management, integration with accounting software, and cash management.

Key features

BILL offers Essentials, Team, Corporate, and Enterprise service tiers with different feature sets. 

Essentials

• Choice of accounts payable or accounts receivable services.
• Basic AP automation — invoice data capture and coding, vendor details, document management, and payment processing.
• Manual CSV integration with QuickBooks Online, QuickBooks Pro, QuickBooks Premier, and Xero.
• Digital document storage.
• Standard user roles.
• Email support.

Team

Everything in the Essentials tier, plus:

• Automated two-way sync with QuickBooks Pro, QuickBooks Online, QuickBooks Premier, and Xero.
• Custom user roles.

Corporate

Everything in the Team tier, plus:

• AP and AR automation.
• Automated two-way sync with QuickBooks Pro, QuickBooks Online, QuickBooks Premier, and Xero.
• Custom approval policies.

Enterprise

Everything in the Corporate tier, plus:

• Automated sync with QuickBooks Enterprise, Oracle Netsuite, Sage Intacct, and Microsoft Dynamics.
• Multi-location & multi-entity accounting.
• Priority customer support.
• API access.

Advantages

Spend management

BILL’s higher service tiers offer businesses the ability to customize approval workflows, roles, and permissions, allowing them to have greater control and visibility over their expenses.

Improved business efficiency

BILL is a simple and easy-to-use way for businesses to automate core accounting functions so they can focus on growth and increasing profitability. Its payment platform provides access to payment methods such as ACH or credit cards, enabling businesses to pay vendors faster.

Pricing

BILL charges a per-month price based on service tier. It also charges per-transaction fees for payments made on the BILL platform.

Bottom line

If you’re looking for a cost-effective accounting solution for your growing small business, BILL is a great alternative to Tipalti. It offers a simple and user-friendly interface, access to core accounting features, and flexible and scalable service options, and you can add more functionality to your accounting system as your business grows and its needs change. 

3. Airbase

Airbase simplifies business and finance processes, helps control spending, streamlines financial tasks, and helps manage and control risks. Its strengths include a user-friendly interface, spend management capabilities, a flexible credit card program, and customizable service packages.

Its cloud-based solution is designed for mid-sized companies that want to manage employee expenses, accounts payable, and procurement. 

Key features

Airbase offers packages consisting of various module combinations and features. Its key components include Guided Procurement, Accounts Payable, Expense Management, and Corporate Cards, with core AP automation features that include:

• Invoice processing and matching using OCR technology to extract vendor information, invoice details, and other information.
• One dashboard that centralizes spend management, accounts payable, and credit card management.
• Custom approval routing and rules for all spending types.
• Payment management including scheduling, tracking, and multiple approvals.
• Customer support via email, online knowledge base, and online chat.

Advantages

Corporate card spend management

Airbase’s corporate card management capabilities are a key part of their platform. They offer flexible card management, rewards programs, and detailed spending reports.

Flexible customer support

Airbase offers customer support and training via email, an online knowledge base, and online chat.

Pricing

Airbase offers three service packages. Certain features and modules are only available at higher-priced tiers, and pricing for each tier is customized according to customers’ needs.

Standard

Basic access to modules and special features for small and medium businesses (less than 200 employees).

Premium

Enhanced access to modules and greater functionality for medium-sized businesses (up to 500 employees).

Enterprise

Access to all modules and Airbase’s complete suite of features for enterprise businesses (up to 5,000 employees).

Bottom line

Airbase stands out as a good Tipalti alternative for growing venture-backed businesses that need an automated spend management and accounts payable automation software solution.

4. AvidXchange

AvidXchange’s goal is to “Transform the way middle market companies receive, manage, and pay their bills.” Their cloud-based, end-to-end AP automation platform is based on three core functions: purchase-to-pay automation, automated approval and payment processing solutions, and invoice management. 

AvidXchange offers a variety of separate modules to help customers automate their entire accounts payable process, such as AvidPay for supplier payments and AvidInvoice for invoice processing. They also offer specialized modules to add additional functionality like utility cost management, spend analytics, and PO management.

Key features

• Expedited business payments to suppliers who are members of the AvidPay network in the US.
• Automated OFAC (Office for Foreign Asset Control) checks when onboarding new vendors and before each payment run.
• Integrates with QuickBooks Online, Sage Intacct, NetSuite, MRI Software, and industry-specific business systems like Rent Manager, MIP Fund Accounting, and Yardi.
• Visibility into historical accounting records with research and financial reporting functionality.
• Tailored AP automation solutions for specific industries or accounting integrations.

Advantages

Intuitive client portal

AvidXchange’s client portal is available from any device and is designed to be accessible and easy to understand for non-accounting employees.

Improved process efficiency

By streamlining manual processes AvidXchange frees finance team members to work on more strategic tasks.

Pricing

AvidXchange doesn’t post pricing information on its website. All prices are by quote only.

Bottom line

AvidXchange provides custom-built modules and AP solutions designed to cater to the unique requirements of various industries such as real estate, construction (TimberScan), and finance (AvidAccess), making it a versatile alternative to Tipalti for customers needing a tailored solution.

5. Yooz

Yooz is a cloud-based Purchase-to-Pay (P2P) automation solution that provides visibility and control over the AP process.  It uses AI and Big Data-based technologies to automate AP tasks like invoice processing, GL coding, and purchase order matching.

Yooz offers customizable dashboards and financial reporting tools for real-time visibility into AP workflows. Businesses can monitor invoice processing status, track key performance indicators, and analyze trends to make informed decisions.

Key features

Yooz’s AP automation solution offers value by providing time and cost savings through streamlined processes, reduced accounting errors, faster invoice approvals, and enhanced visibility.

• YoozPay: Vendor payment approval and processing automation.
• Automatic data import: Vendor data, chart of accounts, purchase orders, tax profiles, purchasing catalog, and budgeting.
• YoozStamp: Automatically separates documents to be scanned and digitized to reduce paperwork.

Advantages

Multi-channel document management

Yooz helps automatically capture and digitize invoices, payments, POs, requisitions, credit notes, and goods receipts in multiple formats and integrates with document management systems.

Advanced reporting

YoozReports integrates with Excel to provide access to real-time data, allowing customers to harvest invoice data insights, produce customized reports, and monitor and optimize KPIs.

Pricing

Yooz offers a no-fee 15-day trial subscription and a “Gold Edition” monthly subscription with unlimited users. The custom pricing for the monthly subscription is based on the number of documents processed.

Bottom line

Yooz is a good solution for small and midsize businesses looking for an AP automation solution with customizable reporting tools and dashboards. Its powerful document management and analytics capabilities make it a competitive alternative to Tipalti.

6. Spendesk

Spendesk is an expense tracking and spend management platform. It offers a 7-in-1 spend management solution that helps businesses control and manage their spending. 

In November 2022, Spendesk added basic accounts payable process automation to their portfolio of corporate cards, employee expense management, budgeting, invoice approval, regulatory compliance, and reporting services. 

Key features

Spendesk’s basic AP automation solution offering contains some innovative features to help customers manage their AP spending. 

• Tracking and monitoring tools to help control category-specific spending like office supplies and recurring subscriptions. 
• Centralized system that allows employees and vendors to upload invoices, receipts, and other documents from anywhere in the world.
• Integration with NetSuite, FreshBooks, QuickBooks Online, Xero and DATEV

Advantages

Versatile spend management

Single spend management dashboard with real-time reporting on supplier payments, employee expenses, corporate cards, and committed spend.

Scalable and flexible to support business growth

Spendesk provides innovative features and capabilities to help growing businesses manage and optimize their AP spending, card usage, and other accounting functions.

Pricing

Spendesk doesn’t post pricing information on its website. All prices are by quote only.

Bottom line

Spendesk is a good alternative to Tipalti, particularly for small- and medium-sized businesses needing a scalable solution offering more control and visibility over their complex accounts payable and spending requirements. Although not a traditional AP automation provider, Spendesk provides innovative tools to help small businesses streamline their invoice management and payment processes.

Do you need an alternative to Tipalti Accounts Payable automation?

While Tipalti offers a great solution for streamlining financial processes, several compelling alternatives cater to specific user needs and challenges: 

• Stampli is the leading built-for-AP solution with a strong track record of customer satisfaction.
• BILL provides a cost-effective accounting and basic AP automation solution for growing small businesses.
• Airbase focuses on spending management, automating AP, expense management, and corporate cards to enhance financial control and efficiency.
• AvidXchange offers AP automation through a user-friendly online dashboard.
• Yooz provides customizable real-time document management and analytics.
• Spendesk provides a powerful all-in-one spend management platform with innovative AP management features.

These Tipalti alternatives address various aspects of financial processes, offering solutions for businesses seeking alternatives to Tipalti software to optimize their financial workflows.

Competitor Pricing

Pricing is a major part of deciding which AP automation solution fits your business best. Most providers don’t publish their pricing or only publish prices for certain products or components without disclosing the full cost of their solution.

When you’re considering an AP automation solution, ask for details about their pricing, including how the pricing is applied (per month/user/invoice), the length of the contract (monthly vs yearly), how many users, locations, or entities are included, what services are included, and what fees they charge for additional services. 

Stampli: Automate AP without disrupting your ERP

Stampli brings everything related to AP into one place. 

Say goodbye to workarounds, spreadsheets, and manual ERP work – Stampli offers an efficient AI-powered solution for AP automation, focusing on enhancing existing processes without changing workflows.

Stampli centralizes communication, documentation, and workflows in a user-friendly interface, complemented by automation features, like Billy the Bot™, that provide visibility and control and streamline manual processes.

Stampli`s versatile suite of integrated products and compatibility with over 70 ERPs makes for swift deployment, helping companies like Wenspok Companies achieve a 75% reduction in average invoice processing time and a 73% faster monthly close for credit cards.

Let’s talk about all the ways Stampli can help your invoice and payment management workflow. Contact us today for a free demo.