Shlomi Lavi /
Mar 26, 2022
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Bottom Line: Which is Better - Accounts Payable Automation or FMS II?
Accounts Payable Automation is more expensive to implement (TCO) than FMS II, and Accounts Payable Automation is rated higher (88/100) than FMS II (56/100). Accounts Payable Automation offers users more features (4) than FMS II (0).
Looking for the right Accounts Payable solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
ReadSoft Vs. Mitchell Humphrey
ReadSoft : ReadSoft has been a pioneer in P2P invoice automation since the 1990s, when the company first brought free-form technology for invoice processing to market. Today, ReadSoft continues to be a global leader in business document process automation, with 2,500+ accounts payable solution applications worldwide – more than double the total applications o...
Mitchell Humphrey: Mitchell Humphrey & Co. is a software developer with a long-standing history of developing enterprise solutions based on a deep understanding of both the Public and Private sectors. Our end goal is to enable our clients to run their organizations more effectively.
Mitchell Humphrey was founded in 1977 by Mitchell O. Humphrey. In 1999, Mitchell H...
Who is more expensive? Accounts Payable Automation or FMS II?
The real total cost of ownership (TCO) of Accounts Payable software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Accounts Payable Automation and FMS II.
Accounts Payable Automation price starts at $595 per license , On a scale between 1 to 10 Accounts Payable Automation Software is rated 6, which is similar to the average cost of Accounts Payable software. FMS II accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Accounts Payable Automation Software is rated 6, which is similar to the average cost of Accounts Payable software.
Bottom line: Accounts Payable Automation is more expensive than FMS II.
Which software includes more/better features?
We've compared Accounts Payable Automation Vs. FMS II based on some of the most important and required Accounts Payable features.
Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.
FMS II: We are still working to collect the list of features for FMS II.
Target customer size
Customers of the software include businesses of all sizes and a variety of types from all over the world. and FMS II's target customer size include: Medium and large size businesses.