Accounts Payable Automation Review - why 4.4 stars?

Accounts Payable Automation Software Review
ITQlick Score: 88/100
ITQlick Rating:
Pricing: 6.6/10 - high cost
Category: Accounts Payable -> Accounts Payable Automation review
Ranking:Ranked 2 out of 16 Accounts Payable systems
Company: ReadSoft
Pricing: starts at $595 per license
Typical customers: Start up, Small business, Medium business, Large business
Platforms: Desktop
Links: Accounts Payable Automation pricing, Accounts Payable Automation alternatives
Shlomi LaviShlomi Lavi / updated: Mar 26, 2022

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What is Accounts Payable Automation?

ReadSoft Accounts Payable Automation is an accounting automation solution for businesses of all sizes. Its capabilities include payment management, invoice management, digital processing, and others. The software was designed and launched by ReadSoft headquartered in Sweden.

Who is it best for?

Customers of the software include businesses of all sizes and a variety of types from all over the world. It can be deployed in a variety of major industries including retail and wholesale, baking and finance, automation and manufacturing, healthcare and hospitality, transport and delivery services, and others.

Main features and functionalities

The software scans paper invoices and turns them into digital images and automatically extracts information from them, thus eliminating the errors associated with paper processing. The extracted information is matched against the purchase orders and posted for payment automatically if the match is accurate. Various parameters such as invoice number, purchase ledger etc. can also be matched with financial systems such as SAP and Oracle.

ReadSoft allows the users to customize the level of AP automation. All the details of the accounting process such as information extraction, verification, and approval can be automated. Other important capabilities include payment discount and penalty management, certified enterprise integration, and others.

What is the actual cost?

The cost of license starts at $595 per license. ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Accounts Payable Automation. You can also find here pricing information from Accounts Payable Automation's website.

How it stacks up?

Access a head to head analysis of Accounts Payable Automation vs alternative software solutions.
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Accounts...
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4.4/5
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88/100
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6.6/10
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$595 per license
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SutiAP
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Pricing not available
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360 Clou...
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4.5/5
Score
85/100
Pricing
2.6/10
License pricing
$9 per user/month
Functionality
3

Frequently Asked Questions (FAQs)

Is it the best Accounts Payable system?

Accounts Payable Automation is ranked 2 out of 16 software in their category (Accounts Payable systems).

How they are rated on ITQlick?

The rating of Accounts Payable Automation is 4.4 stars out of 5 and the total score is 88 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Accounts Payable Automation makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently Accounts Payable Automation can't be accessed on mobile, you would need to access it from your computer.

Differences between Accounts Payable Automation and alternatives?

The most popular alternatives to Accounts Payable Automation in 2023: iPayables InvoiceWorks, AvidXchange, SutiAP, 360 Cloud Accounting, outright. Access the complete competitors analysis here - Accounts Payable Automation VS Accounts Payable Software alternatives.

List of categories

Core Accounting

List of features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Fixed-Assets

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.