Compare Accounts Payable Automation and Xero - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - Accounts Payable Automation or Xero?

Accounts Payable Automation is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Accounts Payable Automation (88/100). Xero offers users more features (13) than Accounts Payable Automation (4). There is a clear winner in this case and it is Xero!

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. Xero

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...

Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...

Who is more expensive? Accounts Payable Automation or Xero?

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 Xero.

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. Xero price starts at $12 per month , When comparing Xero 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 Xero.

Which software includes more/better features?

We've compared Accounts Payable Automation Vs. Xero based on some of the most important and required Accounts Payable features.

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

Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.

Target customer size

Customers of the software include businesses of all sizes and a variety of types from all over the world. Xero is best for small businesses, freelancers and non-profit organizations.