Shlomi Lavi /
Mar 26, 2022
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Bottom Line: Which is Better - Accounts Payable Automation or MultiCHAX?
MultiCHAX is more expensive to implement (TCO) than Accounts Payable Automation, and MultiCHAX is rated higher (92/100) than Accounts Payable Automation (88/100). Accounts Payable Automation offers users more features (4) than MultiCHAX (3).
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. Chax, Inc.
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...
Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day.
Now, collecting payments by check has ne...
Who is more expensive? Accounts Payable Automation or MultiCHAX?
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 MultiCHAX.
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. MultiCHAX price starts at $99 per license , When comparing MultiCHAX to its competitors, the software is rated 6 - similar to the average Accounts Payable software cost.
Bottom line: Accounts Payable Automation cost is around the same cost of MultiCHAX.
Which software includes more/better features?
We've compared Accounts Payable Automation Vs. MultiCHAX based on some of the most important and required Accounts Payable features.
Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.
MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.
Target customer size
Customers of the software include businesses of all sizes and a variety of types from all over the world. Customers of the software mainly include small and medium businesses with backgrounds
in various major industries.