Shlomi Lavi /
Aug 23, 2022
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Bottom Line: Which is Better - Accounts Payable Automation or FreshBooks?
Accounts Payable Automation is more expensive to implement (TCO) than FreshBooks, and FreshBooks is rated higher (95/100) than Accounts Payable Automation (88/100). FreshBooks offers users more features (12) than Accounts Payable Automation (4). There is a clear winner in this case and it is FreshBooks!
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. FRESHBOOKS
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...
FRESHBOOKS: FreshBooks is the #1 cloud accounting specialist for small business owners.If you are a service-based business, FreshBooks is designed for you. If you are a lawyer, a marketing agency, a plumber, an interior decorator, an IT professional, a therapist, an architect, a web professional – if you create value for your customers by applying your time an...
Who is more expensive? Accounts Payable Automation or FreshBooks?
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 FreshBooks.
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. FreshBooks price starts at $6 per month , When comparing FreshBooks to its competitors, the software is rated 2 - much lower than the average Accounts Payable software cost.
Bottom line: Accounts Payable Automation is more expensive than FreshBooks.
Which software includes more/better features?
We've compared Accounts Payable Automation Vs. FreshBooks based on some of the most important and required Accounts Payable features.
Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.
FreshBooks: Mobile Access, Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing.
Target customer size
Customers of the software include businesses of all sizes and a variety of types from all over the world. From day one, FreshBooks was intended for Freelancers and small businesses who just do not want to waste their time using Excel or Microsoft Word when invoicing their client.