Accounts Payable Automation Review - why 4.4 stars?
Compare PricingITQlick Score: | 88/100 |
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ITQlick Rating: |
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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 Lavi / updated: Mar 26, 2022
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.
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Table of Contents
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?
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Frequently Asked Questions (FAQs)
List of categories
Core Accounting
List of features
Accounts Payable
Accounts Receivable
Billing & Invoicing
Fixed-Assets
Auditor - Shlomi Lavi
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.