Bill.com is a cloud-based software solution for small and medium enterprises that automates back-office financial activities. The Bill.com platform helps you manage the cash flow of your business inflow and outflows by connecting you with your clients. Founded in 2006, with its headquarters in San Jose California, U.S, This company partners with top financial institutions in the US. It offers good digital payments solutions to the American institute of CPA’s.
Bill.com Connect is a fully automated, end-to-end payments automation tool that you can use in any financial transaction or sign-on online business banking environment. JPMorgan Chase Commercial Bank, Wells Fargo, Commerce Bank, and First National Bank of Omaha are among the bank’s current customers. Bill.com is also used by Bank of America and PNC as part of their payment technology solutions
Bill.com helps to prevent double data entry and also helps to simplify your account reconciliation. It also interfaces effortlessly with leading accounting software such as QuickBooks, Oracle NetSuite, Xero, and Sage Intacct.
#1. STAMPLI
- Founded: 2015
- Headquarters: Mountain View Carlifonia
ABOUT STAMPLI
Stampli is a cloud computing firm that offers you interactive invoice management solution for Accounts Payable. It uses the power of human cooperation and AI to help get invoices accepted faster. One of the challenges in Accounts Payable is the breakdown in communication that occurs during an invoice’s journey. It can take AP days or weeks to completely verify that service terms were followed and that an invoice is ready for payment.
Each invoice is turned into a digital landing page by Stampli, which places the dialogue about the invoice directly on top of the invoice. Stampli does not need AP teams to change their current practices, and it decreases the amount of time spent internally pursuing invoices. Stampli is easier to set up and do business with compare to Bill.com
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#2. TIPALTI
- Founded: 2010
- Headquarters: San Mateo, Carlifonia, United States
ABOUT TIPALTI
Tipalti is a financial technology company that provides your organizations
with full accounts payable, procurement, and worldwide mass payments automation software. Tipalti is not only based in San Mateo, California. It also has offices in London, the United Kingdom, Vancouver, Canada, Toronto, Canada, Plano, Texas, and Glil-Yam, Israel, as well as R&D.
Tipalti helps to streamline your entire bill-to-pay-to-reconciliation cycle with a holistic approach to automating accounts payable. The platform controls and optimizes the whole AP workflow, future-proofing your operations for mass scale by managing all interactions between the payer and the payee. like Bill.com, Tipalti offers invoice management and enterprise payment. Tipalti is more expensive though compared to bill.com but it’s easier than use
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#3. AVIDXCHANGE
- Founded : 2000
- Headquarters:Charlotte, North Carolina, United States.
ABOUT AVIDXCHANGE
AvidXchange is a software firm that specializes in accounts payable and on-demand invoice management.
They provide efficient services for middle-market businesses to process invoices and make payments. Avidxchage help to if you want to free every of your accounts payable department from all the paperwork that’s slowing you down and making you lose your money, Avidxchange is the best platform to use. Like Bill.com, Avidxchange offers invoice management and AP Automation. What sets Bill.com higher of it is that, Avidxchange is more expansive and slower to reach roi.
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#4. SAP CONCUR
- Founded: 1993
- Headquarters: Bellevue, Washington, United States
ABOUT SAP CONCUR
SAP Concur is a cloud-based travel and expense management company based in the United States. Formerly called Concur Technologies, In September 2014, SAP SE company agreed to pay $8.3 billion for Concur Technologies and the deal was completed in December 2014.
SAP Concur solutions connect all your expense, travel, and vendor invoice spending in one system, providing a single way to manage spending from end-to-end, gain greater visibility into transactions, improve compliance, and simplify the process for everyone.
SAP Allows you to manage and make good decisions on your financial budgets. Like Bill.com, it also offers invoice management and AP Automation but it’s more expensive than Bill.com.
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#5. NETSUITE
- Founded: 1998
- Headquarters: Austin, Texas
ABOUT NETSUITE
NetSuite is a cloud computing company that provides software and services to manage business finances, operations, and customer relations. Its ERP, CRM, PSA, inventory/warehouse management, and e-commerce software services are tailored for small and medium-sized businesses. The company is widely regarded as the first cloud computing software company just before Salesforce.com. In November 2016, Oracle Corporation paid approximately $9.3 billion for NetSuite. Executive Vice President Evan Goldberg leads the newly formed Oracle NetSuite Global Business Unit[9], which bills itself as “Oracle’s Cloud ERP for Small and Mid-sized Enterprises.”
NetSuite provides you with modular solutions for all your business . The platform enables management reporting, accounting, billing, human resources management, tax computation, sales tools, payroll accounting, and analytics, depending on the modules selected. The cost of a NetSuite subscription is determined by the modules chosen and the company’s size. Netsuite allows users to access data from a variety of devices and locations. NetSuite also allows you to add many companies, each with its own currency and reporting format. Local tax codes, such as those in the United States, the United Kingdom, Canada, and the European Union, are also supported by NetSuite.
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#6. QUICKBOOKS
- Founded: 1983
- Headquarters: Mountain View California
ABOUT QUICKBOOKS
QuickBooks is an accounting software program that is primarily geared toward your small and medium-sized businesses. They include on-premises accounting applications as well as cloud-based versions that accept your business payments, manage and pay your bills, handle your payroll, import your files from Excel and help you keep track of your employees.
In June 2007, QuickBooks began operating on Linux servers instead of Windows servers. For an accounting platform, QuickBooks had the most subscribers with over 624,000 subscribers. The company developed a platform that allows third-party developers to build apps for the online version. There are versions tailored to the Canadian, Indian, and Australian markets. The most fascinating feature of QuickBooks is that, Instead of having a cash register where you keep track of your customers and all your sales, it has a software that performs these functions to help you manage your business and serve your customers better
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#7. XERO
- Founded: 2006
- Headquarters: Wellington, New Zealand
ABOUT XERO
Xero is an accounting software platform you can use for any type of business. Whether small and medium-sized.
Xero accounting software allows you to work on the same financial books now regardless of where you are or what operating system you’re working on. Xero offers services like Automatic bank feeds, invoicing, accounts payable, expense claims, fixed asset depreciation, purchase orders, bank reconciliations, and standard business management reporting.
The Xero Touch mobile apps for iOS and Android were released in 2011.
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#8. FRESHBOOKS
- Founded: 2003
- Headquarters: Toronto, Canada.
ABOUT FRESHBOOKS
Freshbooks is a web based accounting software that you can assess from both your desktop and a mobile phone. It is specially designed for your small and medium businesses.
Fresh books has different subscription products you can choose from.
Invoicing, accounts payable, cost tracking, time tracking, retainers, fixed asset depreciation, purchase orders, payroll integrations, double-entry accounting, and industry-standard business and management reporting are all included in FreshBooks’ subscription-based offering. For every financial transaction you make on freshbooks, the data is maintained in the cloud on a single unified ledger, allowing you to view it on your desktop and mobile devices regardless of your location.
Freshbooks offers an opportunity to Your Customers and any third-party software supplier to link external applications with FreshBooks using a free API. FreshBooks also works with a variety of tax rates and currencies. It also has a payroll tool as well as a project feature. The software is available on a pay-per-use monthly subscription basis. In Canada, the United States, and the United Kingdom, FreshBooks provides country-specific tax calculations. FreshBooks supports GST and HST in Canada, sales taxes in the United States, and MTD in the United Kingdom.