Compare Accounts Payable Automation and SAP Financials On Demand - Mar 2022

Shlomi LaviShlomi Lavi / Mar 26, 2022

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Bottom Line: Which is Better - Accounts Payable Automation or SAP Financials On Demand?

Accounts Payable Automation is more expensive to implement (TCO) than SAP Financials On Demand, and SAP Financials On Demand is rated higher (89/100) than Accounts Payable Automation (88/100). Accounts Payable Automation offers users more features (4) than SAP Financials On Demand (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. SAP

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...

SAP: SAP ® AG is German software corporation that makes enterprise software to manage business operations and customer relations. SAP ® is the market leader in enterprise application software. The company's best-known software products are its enterprise resource planning application (SAP ® ERP), its enterpr...

Who is more expensive? Accounts Payable Automation or SAP Financials On Demand?

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 SAP Financials On Demand.

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. SAP Financials On Demand 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 SAP Financials On Demand.

Which software includes more/better features?

We've compared Accounts Payable Automation Vs. SAP Financials On Demand based on some of the most important and required Accounts Payable features.

Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.

SAP Financials On Demand: Cash Flow, Cash flow/cash budget, Real Time Comparisons.

Target customer size

Customers of the software include businesses of all sizes and a variety of types from all over the world. Financials OnDemand has been designed to target medium and large businesses and is primarily focused on the Finance departments in these organizations.



Accounts Payable Automation

ITQlick rating
(4.4/5)

starts at $595 per license

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 softwa...

Categories: Core Accounting.

SAP Financials On Demand

ITQlick rating
(4.5/5)

SAP launched Financials OnDemand in late 2012 as a stand-alone financial management solution designed exclusively for the cloud. It tracks end-to-end financial transactions from order to cash and procurement to...

Categories: Billing & Invoicing, Budgeting & CPM, Core Accounting, Financial reporting, Fixed Asset Accounting.

Compare specifications

Compare features

Accounts Payable Automation: 4 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Fixed-Assets

SAP Financials On Demand: 3 Features

Cash Flow
Cash flow/cash budget
Real Time Comparisons
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Accounts...
ITQlick rating
4.4/5
Score
88/100
Pricing
6.6/10
License pricing
$595 per license
Functionality
5
Compare
SAP Fina...
ITQlick rating
4.5/5
Score
89/100
Pricing
4.8/10
License pricing
Pricing not available
Functionality
15
iPayable...
ITQlick rating
3.2/5
Score
91/100
Pricing
3.6/10
License pricing
$3 per license
Functionality
4
AvidXcha...
ITQlick rating
4.5/5
Score
88/100
Pricing
2/10
License pricing
$5,000 per license
Functionality
4
SutiAP
ITQlick rating
4/5
Score
85/100
Pricing
5.4/10
License pricing
Pricing not available
Functionality
3
Review

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.