Top Accounting Software for Canadian Midsize Businesses in 2025

The best accounting software for midsize businesses in 2025 includes not just ERP systems or accounting software but also finance automation software that streamlines accounting-related business processes and increases efficiency. 

This extension of the accounting software category includes advanced AP automation for payables, mass payments software, and other finance automation software. 

Gartner, a software rating business, defines a midsize enterprise as an organization with 100 to 999 employees or at least $50 million in revenue but less than $1 billion. Review our lineup of top accounting software for midsize businesses.

The following table summarizes the six best accounting software solutions for midsize businesses in Canada in 2025.

1. Tipalti

Best for AP automation and global mass payments

Why is Tipalti Good for Midsize Businesses?

Tipalti is cloud-based software that seamlessly integrates with your ERP (enterprise resource planning) and accounting software. The system offers AP automation, mass payments, and purchase order management software, and is excellent for midsize businesses because it’s scalable for growth.

Tipalti was built to streamline global finance and accounting processes related to payables and POs. The end-to-end payables automation software can increase efficiency by 80%, limiting the number of new staff hires required. That’s cost savings, and it gives your business the ability to shift to higher-value work.

Fraud Protection

With Tipalti, business owners achieve digital transformation by eliminating paper invoices and manual data entry processes for invoice processing with automation. You could reduce your payment error rate by 66% and eliminate fraud risks with more robust financial controls and screening.

Tipalti helps your business automatically achieve global regulatory compliance, including AML (anti-money laundering) and KYC (Know Your Customer). 

Supplier Management and Compliance

Tipalti provides a branded supplier portal that is self-service for supplier onboarding. This includes collecting supplier tax forms for the CRA, capturing preferred payment methods and information, and tracking invoiced supplier payments for easier preparation and filing.

Global Payments

Tipalti is a multi-currency solution, handling global payments in 196 countries and 120 local currencies. The solution gives you a choice of 12 payment methods (if available in a payee’s country). You can opt to receive a virtual card called Tipalti Card for rewards. Tipalti provides automatic reconciliation of online payment batches with multiple payment methods in real-time.

For payments, Tipalti is a money services business (MSB). Being a licensed MSB is a unique Tipalti competitive advantage for you to consider when selecting the best accounts payable software. 

Finance automation with Tipalti software is a best-in-class solution for your midsize company that will scale with you as your business expands. For more complex companies and accounting software, Tipalti offers multiple business entities and consolidated views of payables. 

Additional Features for Midsize Businesses:

• Multi-subsidiary support so you can manage different divisions from one spot
• Advanced reporting and analytics for real-time insights into cash flow and performance
• Integration with ERPs and other accounting systems

Pricing Overview 

Tipalti offers three plans for accounts payable:

Starter – $99/month

• Supplier portal for self onboarding
• W9/W8 collection and TIN validation
• AI Smart Scan invoice processing
• Flexible bill approval rules builder
• Domestic multi-entity infrastructure
• Integrations with leading ERPs
• Option to add Card and Expenses

Premium – Custom

• Starter Features
• Easy to use, unlimited intake requests
• 2 and 3-way PO matching
• Global multi-entity and multi-currency infrastructure
• Option to add Mass Payments

Elite – Custom

• Premium Features
• Fully featured, customizable, and integrated procurement solution
• Customized and advanced approval rules for purchase requests
• Budget management
• Integrations with Slack

2. Plooto

Best for straightforward and simple pricing

Why is Plooto Good for Midsize Businesses?

Plooto is well-suited for midsize businesses because it focuses on automating financial processes, streamlining payments, and reducing manual workloads. This makes it a scalable solution that enhances efficiency as a business expands.

End-to-End Automation

Plooto provides seamless AP automation, saving significant time for midsize businesses managing multiple transactions. The system automates invoice approvals, payments, and reconciliation processes, allowing teams to focus on more strategic activities instead of manual data entry.

Global Capabilities

Plooto supports various payment methods, including bank wires, credit cards, and international payments. This is a significant benefit for midsize businesses expanding their customer or supplier base. The ability to pay global vendors and collect from clients in different countries streamlines cash flow management.

Customized Approvals

Plooto enables companies to develop customized approval workflows. This is crucial for midsize businesses, which typically have more complex organizational structures than small businesses. This ensures that the right people approve payments at the right time, while also improving internal controls and compliance.

Additional Features for Midsize Businesses:

• Integrates seamlessly with systems like Xero and QuickBooks
• Handles high transaction volumes with scalability
• Transparent pricing with no hidden fees

Pricing Overview 

Plooto offers two pricing plans:

Plooto Pay – $35/month

• 10 domestic payments (ACH transfers within Canada and the U.S.).
• Additional domestic payments: $0.50 per payment.
• Global payments (wire transfers): $9.99 per transaction.

Plooto Grow – Custom

• Developed for companies with larger payment needs
• Dedicated account management, advanced security, and priority support

3. Quadient AP

Best for easy implementation and fast deployment

Why is Quadient AP Good for Midsize Businesses?

Quadient AP is an automation solution developed to streamline the accounts payable process for midsized businesses. It automates the traditional modules involved in AP and offers features like invoice capture, approval workflows, and payment processing. The platform digitizes and centralizes invoice processing, enabling companies to process invoices faster, reduce errors, and improve efficiency.

Comprehensive Automation

Quadient AP automates critical features like invoice capture, approval workflows, and payment processing, freeing up valuable time for AP teams. This type of end-to-end automation is ideal for midsize businesses looking to optimize efficiency without manually managing time-consuming tasks. It will reduce errors and improve overall productivity.

Fast Implementation

Quadient offers a user-friendly system that is faster to deploy. Midsize businesses, which often have limited IT resources for their accounting needs, benefit from an optimized onboarding process, reducing the time and cost required to mechanize their AP processes.

Robust Reporting and Analytics

Tools for advanced analytics and reporting give midsize businesses valuable insights into their financial operations. This type of real-time data helps companies make more informed decisions about cash flow, supplier relationships, and AP performance. For midsize businesses that need to maintain expense control and optimize working capital, these insights are critical for maintaining sustainable growth.

Additional Features for Midsize Businesses:

• Competitive price point with a clear return on investment
• Enhanced compliance and security with automated audit trails
• Integration with ERPs and various accounting software options

Pricing Overview 

Quadient AP does not publicly list pricing. The cost is typically customized based on your business needs.

4. Stampli

Best for enhanced collaboration and centralized communications

Why is Stampli Good for Midsize Businesses?

Stampli is an AP automation solution that is designed to streamline the invoicing process using automation, collaboration tools, and artificial intelligence (AI). The system was designed to simplify invoice processing, allowing businesses the opportunity to reduce manual work, speed up approvals, and gain visibility into end-to-end AP workflows.

Cash Flow Management

Midsize businesses typically have tighter budgets and cash flows than large organizations. The system offers real-time insights into invoice statuses and payment schedules, helping companies manage their cash flow and ensuring payments are made on time and within budget.

Cost-Effective Solution

Stampli’s pricing is competitive. Additionally, the ability to reduce manual tasks, minimize issues, and streamline payment cycles translates into major cost savings for midsize businesses. By automating repetitive jobs, organizations reduce the need for extensive teams and allow them to focus more on strategic initiatives.

Scalability

The system’s flexible architecture allows midsize businesses to effortlessly scale as they grow. Whether handling a few simple invoices or thousands a month, the platform will adapt to a growing workload without compromising speed or efficiency.

Additional Features for Midsize Businesses:

• Customizable approval workflows to match your internal processes
• Integration with top ERPs and accounting platforms
• Invoice and spend visibility with detailed dashboards and reporting tools

Pricing Overview 

Stampli’s website does not list the pricing model and can vary based on specific business needs. Typically, Stampli offers a subscription-based pricing fee to cover the core features of the platform.

5. Concur

Best for in-depth expense and travel management

Why is Concur Good for Midsize Businesses?

Concur is a cloud-based expense tracking and travel management software that helps businesses streamline their expense reporting and booking processes.

It is particularly useful for midsize businesses because it can quickly automate workflows, provide real-time visibility into expenses, and integrate seamlessly with existing accounting systems.

Expense Management

Concur automates the entire expense reporting process. This makes it easier for staff to submit expenses and for managers to approve them. This kind of automation reduces the administrative burden on finance teams and allows them to focus on more strategic tasks

Insights and Reporting

Robust analytics and reporting tools give businesses real-time visibility into their spend. Midsize companies leverage this data to identify trends, manage budgets, and make informed financial decisions.

Integrations

The system integrates seamlessly with a variety of financial management and ERP systems, allowing midsize businesses to streamline their processes without the need for major changes to their existing workflows

Additional Features for Midsize Businesses:

• Mobile app to manage expense and travel plans remotely
• Accounting features for travel management, including travel expenses
• Supplier and customer relationship management (CRM)

Pricing Overview

The pricing for Concur varies based on specific business needs, selected features, and the number of users. Concur typically does not list specific pricing on its website, as it provides custom quotes based on individual requirements.

6. BILL

Best for simplified AP and enhanced vendor management

Why is BILL Good for Midsize Businesses?

BILL is a cloud-based AP automation platform that is designed to streamline accounts payable (AP) and invoice processing for businesses. The system offers automated bill payments, invoice capture, and spend management, enabling users to manage their accounting operations more efficiently.

AP Automation

BILL automates the entire end-to-end AP process, from invoice capture to payment processing. This reduces the manual workload on accounts payable teams and enables them to focus on more strategic initiatives rather than routine tasks.

Cost Efficiency

The system helps midsize businesses reduce operational costs that are associated with manual processing and paper-based workflows. This cost savings can be quite significant, especially for companies managing numerous invoices.

Scalability

The system is highly scalable, making it suitable for growing midsize companies. As organizations expand, they manage increasing transaction volumes without the need for extensive additional resources or infrastructure.

Additional Features for Midsize Businesses:

• Two-way syncing with accounting software and ERPs like Zoho Books, NetSuite, and Microsoft
• Real-time cash flow tracking for visibility into transactions
• Mobile app allows users to manage AP and AR tasks remotely, approve payments, and view invoices

Pricing Overview

BILL has four main pricing tiers to accommodate a range of business needs:

Essentials Plan – $45 per user/month

• Payment processing,
• Accounts payable/receivable functions
• Vendor management

Team Plan – $55 per user/month

• More complex needs
• Document management
• Customization options

Corporate Plan -$79 per user/month

• Advanced AP/AR features
• Multi-level approval workflows

Enterprise Plan (custom pricing)

• Tailored for larger organizations requiring high customization
• Dedicated support
• Advanced integrations

7. REPAY

Best for high transaction volumes and complex workflows

Why is REPAY Good for Midsize Businesses?

REPAY (Repay Holdings Corporation) is a payment provider focused on streamlining accounts payable (AP). The platform enables businesses to seamlessly handle both traditional and digital payments, with options for debit and credit card payments, ACH, and eCash.

The technology is specifically designed for easy integration, allowing businesses to simplify payment processes and enhance the customer experience.

Payment Processing

Consolidate vendor payments across a variety of methods, like ACH, virtual credit cards, and checks, all from a universal interface. A midsize manufacturing company can automate payment workflows to reduce manual tasks, eliminate the need to cut physical checks, or manage multiple banking portals. This improves efficiency and reduces processing time.

Advanced Reconciliation

Real-time reporting and tracking will simplify monthly and quarterly close. The system offers real-time reconciliation and robust reporting tools to ensure that each payment is properly matched with the correct invoice. This allows AP teams to close their books faster and with fewer errors, maintain financial accuracy and compliance.

Integrations

REPAY integrates directly with NetSuite, Sage, and QuickBooks. For example, a midsize business using NetSuite can use REPAY’s integration to sync payment data, eliminate manual data entry, and reduce the risk of errors. This helps finance teams gain real-time visibility into their cash flow.

Additional Features for Midsize Businesses:

• Customizable approval workflows tailored to internal processes
• Integrated payment notifications and alerts for payment activity
• Enhanced security and compliance (PCI-DSS compliant) to minimize fraud

Pricing Overview

REPAY offers customized pricing based on specific business needs, so costs aren’t published publicly. Typically, the system provides quotes after a consultation to assess factors like transaction volume and required features.

How to Choose the Best Accounting Software Solution for Your Midsize Business Needs 

For a midsize company, functionality, growth, and budget vs. software scaling capabilities and pricing models may help your business decide on the best-fit accounting solution.

Select software that provides your company with the various benefits of accounting automation. It will help your finance department shift to more valuable work, from routine task time savings and reduced costs to global fraud risks and errors.

Accounting Software for Small Businesses and Large Enterprises 

Depending on your company size, growth plans, and budget, you may be interested in accounting software for bookkeeping and financial reporting in small companies or more complex large company ERP systems. Integrate add-on payables automation and mass payments software with your ERP or accounting software. 

Small Business Accounting Software

For small businesses and startups with a lower budget that are not ready for accounting software for midsize companies, read our companion guides, “The Best Accounting Software for Small Business” and “The Complete Guide to Accounts Payable Software for Small Business.”

The first guide covers accounting software, including Intuit-owned QuickBooks Online, Xero, Sage 50cloud, FreshBooks, and NetSuite, which may be used (both off or on-premise) by some medium-sized businesses. The second guide includes Tipalti AP automation and global payments software, and accounting software brands. 

Small business accounting software includes bank account reconciliation features and accounting software for midsize and large enterprise companies.

Large Enterprise Accounting Software

ERP software choices, including accounting software designed for large, complex global companies, include Oracle ERP, SAP ERP, and Workday. Some of the largest midsize companies with big budgets are starting to plan to implement one of these comprehensive ERP systems.

In other cases, the scalability and features of midsize software are sufficient to serve them as they continue to grow into the enterprise category. Tipalti AP automation and mass payments software scales as your company grows. Tipalti finance automation software has ERP integration with Oracle ERP and SAP ERP. 

Summing It Up

Several software companies offer excellent choices for midsize business accounting software/ERP systems, including AP automation and mass payments. These are essential accounting tools for business management. Each solution for best accounting software for midsize companies has unique features, ease of use with a good user interface, and industry applications that could best meet your business needs. 

Accounting software includes a chart of accounts, general ledger, and financial statements for reporting, accounts receivable, accounts payable, and asset management, including bank reconciliation features. Most accounting or ERP software is accessible from iOS and Android mobile apps and offers eCommerce capabilities. Many accounting software solutions can be used for expense management, cash flow management, and even project management.

All of our midsize company selections scale for growing businesses. Budget and productivity enhancement are other issues to consider. Get started with Tipalti automation software integrated with your ERP or accounting software.