Compare Verifi and NexusPayables - Apr 2022

Shlomi LaviShlomi Lavi / Apr 30, 2022

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Bottom Line: Which is Better - Verifi or NexusPayables?

Verifi is more expensive to implement (TCO) than NexusPayables, and NexusPayables is rated higher (85/100) than Verifi (53/100). Verifi offers users more features (3) than NexusPayables (1).

Looking for the right Governance, Risk and Compliance (GRC) 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:

Verifi, Inc. Vs. Nexus system

Verifi, Inc.: Since 2005, Verifi has been a leading provider of global electronic payment and risk management solutions for card-not-present merchants. The highly customizable payment and real-time reporting platform serves as a foundation for Verifi’s suite of fraud solutions and risk management strategies. With a commitment of reducing risk while increasing pr...

Nexus system: NexusPayables is your single software solution to streamline and manage the entire accounts payables process from purchase to payment. By design, the NexusPayables product is a web-based software that automates the traditionally paper intensive AP process and is recognized as the best-in-class paperless solution due to its mature functionality and ...

Who is more expensive? Verifi or NexusPayables?

The real total cost of ownership (TCO) of Governance, Risk and Compliance (GRC) 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 Verifi and NexusPayables.

Verifi accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Verifi is rated 6, which is similar to the average cost of Governance, Risk and Compliance (GRC) software. NexusPayables price starts at $750 per year , When comparing NexusPayables to its competitors, the software is rated 2 - much lower than the average Governance, Risk and Compliance (GRC) software cost.

Bottom line: Verifi is more expensive than NexusPayables.

Which software includes more/better features?

We've compared Verifi Vs. NexusPayables based on some of the most important and required Governance, Risk and Compliance (GRC) features.

Verifi: Data Import/Export, Basic Reports, Online Customer Support.

NexusPayables: Accounts Payable.

Target customer size

Customers of the software include small and medium businesses as well as large enterprise. and NexusPayables's target customer size include: Small, medium and large size businesses.

Verifi

ITQlick rating
(3.2/5)

Verifi is a business intelligence and payment management solution for businesses of all sizes. It also offers billing management along with dynamic transaction routing and enterprise reporting. The soft...

Categories: BI & Analytics, Fraud Management.

NexusPayables

ITQlick rating
(4.6/5)

starts at $750 per year

NexusPayables is a SaaS-based Accounting & Finance software designed for real estate firms to automate their invoicing and purchasing processes.

Categories: Accounting & Finance, Recurring Billing, Billing & Invoicing, Core Accounting, Payroll Accounting.

Compare specifications

Compare features

Verifi: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

NexusPayables: 1 Features

Accounts Payable
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
Verifi
ITQlick rating
3.2/5
Score
53/100
Pricing
6.6/10
License pricing
Pricing not available
Functionality
5
Review
Compare
NexusPayables
ITQlick rating
4.6/5
Score
85/100
Pricing
2/10
License pricing
$750 per year
Functionality
10
ARIS
ITQlick rating
4.3/5
Score
90/100
Pricing
5.2/10
License pricing
$100 per user/month
Functionality
4
Review
ControlScan
ITQlick rating
3.7/5
Score
89/100
Pricing
4.8/10
License pricing
$249 per license
Functionality
4
Audit (M...
ITQlick rating
5/5
Score
89/100
Pricing
4.6/10
License pricing
$10,000 per year
Functionality
3

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.