Other Alternatives and Competitors to AvidXchange
- Emburse Certify
- OnPay Solutions
- Palette software
- How does Tipalti stack up against AvidXchange
1) Emburse Certify
Emburse Certify is an intuitive expense management, travel, and accounts payable automation solution built to complement a company’s growth. Discover a better way to manage spend and streamline multiple tasks, while increasing visibility and saving time. Free up your finance team to focus on more strategic work.
Emburse Certify is trusted by more than 4,000 companies across the globe. The software allows you to automatically create custom reports, facilitate the approval process, and streamline everything from requisitions to purchase orders and vendor lists, in one user-friendly dashboard.
- Intuitive expense management and travel booking tools to control spend and speed up reimbursement.
- Streamline recurring and low-value, high-volume spend using a unified card platform.
- Employees can book travel from any device, with tools to ensure policy compliance.
Companies from 50 to 50,000 employees who need best-in-class travel and expense management solution.
- Centralized spend that reduces processing costs while delivering deeper insight on AP purchases.
- Empower your entire business with a smarter end-to-end expense experience.
- Award-winning customer support.
Emburse Certify has three plans:
- Emburse Certify Now
- 1-25 employees, $8 per user/month
- Emburse Professional
- 25-200 employees, custom monthly service fee
- Enterprise package
- 200+ employees, contact for a custom quote.
Accrualify is a procure-to-pay software that helps accounting teams manage and automate tasks around payments, invoices, purchase orders, accruals, and more. The customizable, spend management platform is cloud-based and provides end-to-end ownership over the accounts payable process.
Automate and manage complex AP jobs like multi-layered workflows, 2 and 3 way P.O. matching, GL coding, international payments, virtual cards, etc. The platform is available on desktop or mobile app and can be used at any time, from anywhere in the world.
- Vendor portal with tax compliance. Collect W8, W9, and Payee notifications.
- Get ahead of employee spend. Manage plastic and virtual cards directly in the Accrualify platform.
- Save up to 240 hours per month on your P2P processes.
Works best for high-growth companies who want a platform that can handle enterprise-grade accounting processes.
- Incredible customization where new approval workflows can be added as you go.
- Integration with platforms like Netsuite enables a business to accommodate custom fields.
Accrualify is a modular platform with custom pricing, which is based on transactional volumes.
3) OnPay Solutions
OnPay Solutions offers end-to-end automation in one central system. Teams can say goodbye to paper invoices and outgoing paper payments. The platform transforms your AP department by eliminating the majority of manual processes with tasks like direct ERP and bank integration, document scanning, enhanced ACH, virtual cards, and more.
OnPay offers both invoice and payment solutions with automated approval routing and vendor management through a secure, self-service portal. At no capital expense, you can free up your finance department, cut costs, and save time by an average of 30%.
- No-touch payment and invoice automation with offsite check printing to ensure AP maintains full functionality.
- Earn cash back on monthly spend by enabling virtual OnPay cards. There are no tiers or thresholds.
- Reduce fraud and gain control by automating invoices and payments for AP, and earn money back through virtual rebates.
The system is designed for mid-market and enterprise with/without multiple operating companies.
- The software allows teams to be completely remote and still get payments out in a secure manner.
- A proactive customer service team with straightforward implementation and card support.
Pricing will vary depending on payment and invoice volume.
On average, the annual impact of partnering with OnPay saves clients over 80% of their current costs.
4) Palette Software
Palette Software saves time and money by digitizing your invoice processing and reducing the need for manual work. With over 30 years of experience developing AP solutions, Palette gets high marks for “ease-of-use” with 96% of customers stating the platform fulfills expectations.
The Palette system gives a business a 360-degree view of incoming supplier invoices, with total visibility into where approval bottlenecks lie. Slash processing costs in half with productive SaaS AP automation that handles complex workflows for both P.O. and non-P.O. invoices.
- Invoice capture, processing, approval workflows, P.O. matching, and a searchable archive gives you total control over supplier invoices.
- A complete, time-stamped audit trail makes it easier for audits and investigations.
- Security and compliance accreditations including HIPAA, SOC 1, SOC 2, ISO 27001, GDPR, and PEPPOL.
This solution is good for SMEs that are rapidly growing and want to leverage investment in their ERP systems without adding headcount.
- Offers a good range of programs that help a finance department stay on top of costs.
- Over 250,000 users serving 2,500 clients worldwide.
Palette’s pricing model is quote-based and you’ll need to call for a custom price.
There are no user license fees.
Tipalti is an end-to-end mass payment and AP automation platform that helps your business grow. The system functions seamlessly in a unified cloud atmosphere, with virtual payment services, digital marketplaces, international transactions, and a brandable supplier portal.
A company can easily process payments, invoices, ACH, bank wires, credit cards, and more using the Tipalti platform. Businesses looking to scale finance and operations trust Tipalti to reduce workload by up to 80%. It prioritizes efficiency and delivers a white-label experience across the globe.
- Accelerate financial close by up to 25% with payment methods, entities, currencies, subsidiaries, and geographies combined and reconciled in real-time.
- Built-in OCR with touchless invoice processing. AI-driven approval and line-item workflows.
- Eliminate financial and compliance risk with KPMG-approved W-9/W-8 tax compliance, audit trails, approval workflows, and role-based views.
Companies of any size or industry looking to make the AP process faster, safer, and more efficient through automation and/or for a mass payable solution.
- Reduces payment error rates by scrubbing data against 26,000 rules.
- Global, performance-based platform for marketplaces, networks, or communities.
- End-to-end, invoice-based supplier payments designed for growing companies
There are two plans:
Tipalti Express and Tipalti Pro.
- Tipalti Express offers straightforward payment capabilities for smaller companies.
- Tipalti Pro is built for medium and enterprise companies with features like tax forms, multi-entity payables, and international tax IDs.
Pricing is custom and varies based on business needs, processing requirements, and volume of users
Transform the way
your finance team works.
Bring scale and efficiency to your business with fully-automated, end-to-end payables.
AvidXchange vs Tipalti
What does Tipalti do?
Tipalti Product Capabilities Overview
Tipalti addresses everything from PO management, supplier onboarding and vetting to tax and regulatory compliance, invoice processing, 2&3-way PO matching, intelligent approval workflows, and payments to suppliers in various payment methods to 196 countries and 120 currencies, supplier payment status communications, payment reconciliation, and reporting.
Tipalti also offers advanced global AP capabilities, such as early payments, multi-entity AP, Multi-FX, and FX-hedging. Tipalti integrates with all major ERPs and accounting systems, syncing with subsidiary GL ensuring payables information is up to date and accelerating financial close by more than 25%.
What does AvidXchange do?
AvidXchange is a provider of accounts payable and payment processing software. Their solutions include AP automation, payment services, and invoices acceleration. AvidXchange also provides customers access to a network of suppliers for the midmarket, with over 700,000 suppliers across different industries.
TrustRadius’s #1 Accounts Payables Solution:
1st Place – Best Feature Set
1st Place – Usability
1st Place – Customer Support
Features of Tipalti vs. AvidXchange
Although AvidXchange and Tipalti both help companies automate their accounts payable processes, each platform is designed with different features and solutions for finance teams. Here’s a look at some of the differences between Tipalti and AvidXchange.
Global ACH (eCheck), US ACH, Wire, PayPal, Check, and prepaid debit card
Domestic, ACH, Checks and card only
|Global Payment Coverage||
Paying to 196 countries in 120 currencies
Limited global payment methods
|Touchless Invoice Processing||
OCR (Header and line level scan and capture), machine learning, managed services
Integrated PO and payable solution, helping streamline company purchases, improve spend controls, and reduce AP processing time. Integrated with Slack to accelerate approvals.
PO creation, no Slack integration to accelerate approvals
|Supplier Onboarding and Vetting||
Effortlessly onboard vendors with a client-branded portal, preferred payment method, currency, and payment thresholds. 26K+ rules validate payments, screen against OFAC/SDN lists
All done manually via AvidXchange’s call center
|Multi-Entity Payables Reconciliation||
Manage multiple entities in a single instance with a consolidated view, instant reconciliation across entities and payables workflows
Can pay from different entities but no consolidated view, no tax, branding, no global payments
KPMG approved tax engine, collect W8 & W9 tax forms, collect and validate IRS and VAT tax ID, 1099 & 1042 prep reports and withholding. Validates against 3,000+ rules
No tax compliance
Currency conversions without the complications – save time and money on currency conversions. Also, advanced FX solutions – intercompany bank transfers, FX hedging, payee FX
No FX solutions
|Early Payments / Rebates||
Payees can get paid earlier than their due date without any change to the AP process or impacting your working capital
Only rebates via card, no other payment methods
Native API integrations with major ERPs (NetSuite, Intacct and QuickBooks Online). Integration with all other ERP’s via pre-built connectors using no-code, drag-and-drop intefrace
Knowing Which Solution is Best for Your Business
Selecting the AP Automation solution that fits your business’ needs is an important choice, especially for growing teams that need a solution that can scale with their business. Your business may also need specific features such as international payment capabilities, Multi-FX Multi-Entity, or tax and regulatory compliance. Evaluate these feature differences to help guide your decision.
When to Choose Tipalti?
You are running a hyper-growth business, whether you are scaling domestically or expanding internationally.
If you run a hyper-growth business, whether scaling rapidly domestically or expanding internationally, you need a payable solution with built-in scalability to help future-proof your payable operations. As your company grows, your AP workflow complexities increase, including paying global suppliers, handling multi-subsidiary business payables, and processing many payments. You also need to offer a vast range of localized payment methods to pay your domestic and global suppliers in their preferred payment methods and local currencies.
Tipalti’s end-to-end accounts payable platform future proofs your payables operations, so you don’t have to keep throwing more resources as you grow. Tipalti’s Multi-Entity capability enables payers to manage a large number of entities within the same instance of Tipalti, enabling centralized controls and financial reporting.
Tipalti’s advanced capabilities include KPMG-approved tax capability for IRS compliance, collecting and validating IRS and maintaining W-9, W-8 series forms, VAT details, generating 1099 / 1042-S preparation reports, and calculating any necessary withholdings.
While AvidXchange has limited international payout capability, Tipalti can execute fast global payments to 196 countries in 120 currencies. Payments can be made in multiple international payment methods—global ACH (eCheck), wire transfer, PayPal, and prepaid debit card. You can also streamline your FX conversation workflow with advanced FX capabilities such as Multi-FX, FX hedging, and Payee FX optimization.
You want to automate your entire workflow and accelerate financial close.
Accounts payable processing comes with many potential inefficiencies that increase the workload of your AP team, as manual operations increase complexity and slow down the financial close process.
Tipalti makes AP processes invisible by cutting out the manual work and wiping out 80% of the workload managing payables, so you can align your resources to focus on mission-critical activities instead of back-office financial operations. Tipalti enables a complete touchless invoice processing workflow with machine learning (ML) powered OCR technology that captures the header and line-level details. 2-way and 3-way PO matching allow automated syncing of POs and GDRs from your ERP to Tipalti to complete the PO match flow, helping eliminate overspending and strengthen financial controls.
While AvidXchange relies on its call center to manually onboard suppliers with phone calls, Tipalti helps streamline the supplier onboarding process with a self-service, white-labeled portal, enabling faster, more accurate payee data collection and verification. Provide visibility into payment status via a 24×7 multi-language partner portal and proactive automatic payment status emails. Tipalti automatically validates supplier payment data in real-time using 26,000 global banking rules to eliminate payment errors proactively.
You can accelerate financial close by more than 25% as payment methods, currencies, subsidiaries, and geographies are combined and reconciled in real-time for instant visibility. Detailed transaction and reconciliation reports are integrated with your ERP system to provide a consolidated view of all payable accounts.
You want to strengthen compliance and controls and reduce Tax fraud and audit risk.
Since AP involves direct access to cash reserves, it’s critical to institute proper controls and governance. Tax compliance is another crucial aspect as manually collecting and validating tax forms from suppliers is fraught with legal and financial risk.
Tipalti provides granular controls over payables and payment operations to increase the security of sensitive financial data, ensure ongoing OFAC compliance, and improve management oversight to key AP processes. Tipalti enables you to strengthen control with built-in Artificial Intelligence, and Machine Learning constantly improves performance for invoices approvals routing, including the ability to incorporate Fixed Approval Roles.
Tipalti solves the complex, highly-manual process of collecting tax information through digital capture directly during the onboarding flow, ensuring information is validated before payment is ever processed. Help ensure IRS tax compliance with KPMG-approved tax form data validation and withholding calculations. Collect W-9, W-8 tax forms, validate IRS and VAT tax IDs, automatically calculate withholdings and generate 1099 / 1042-S tax prep reports with automated filing.
When to Choose AvidXchange?
You are in the real estate, construction, property management, and HOAs industries, and you are OK with managing some workflows manually.
AvidXchange works well for small to midsize domestic-only businesses in real estate, construction, property management, and HOAs, but the capabilities are limited outside of these industries.
Many of AvidXchange’s workflows are still manual on the back-end, such as onboarding suppliers, indexing invoices, and vetting suppliers’ banking and payment information. This isn’t a sustainable and scalable model, especially for growing companies, and it won’t deliver the frictionless payables experience your suppliers and finance team want.
Also, AvidXchange doesn’t have built-in tax compliance capabilities and tax rules validation to help ensure IRS compliance. You need to manage the vendor tax compliance process outside of AvidXchange.
You do not run any operations outside of the US
AvidXchange has minimal global capabilities to help support your operations outside of the US.
AvidXchange relies on its call center to onboard suppliers to get your suppliers’ banking details. There is no systematic, technology-driven, rule-based process to validate the supplier’s banking details, especially for international vendors, to help reduce payment errors proactively.
AvidXchange offers limited multi-entity capabilities and does not support multi-entity branded communication. With AvidXchange, you won’t gain a consolidated view across all your entities’ payables.
International payment options are minimal. AvidXchange only offers the virtual card option for global payments but does not support payment methods that global payees might demand, such as PayPal, Global ACH, and wire transfer.
You do not have a large number of vendors.
AvidXchange relies on its call center to onboard and manages suppliers while do not allow self-service. Suppliers must contact AvidXchange to change banking details and contact you, the payer, to change address details. It is not a scalable solution if you manage a large number of vendors.
AvidXchange does not support vendor W-8 and W9 tax form collection and the ability to generate year-end 1099 and 1042-S prep reports. So you will need to manage vendor tax compliance outside of AvidXchange.
Lastly, there is no built-in fee-splitting option to help your payees to adopt safer, lower cost, and more efficient payment methods and reduce check usage.
“With Tipalti, we can shift our focus to more meaningful activities, such as fundraising and elevating our accounting staff. I don’t have to spend as much time on financials—except reviewing them once a month. Automation gets us there.”
– Jim Durkin
“Before Tipalti, our finance team was working 70 hours a week on AP. With Tipalti, that’s down significantly with half the staff needed. It’s a huge reduction in both cost and time.”
– David Wong
Head of Finance, Ziplinen
“With Tipati, we’ve removed 90% of the manual elements from the process, and we’re making it super easy for everyone at each stage to understand what’s going on”
– Bradley Clifford
Assistant Controller, Stack Overflow