Other Alternatives and Competitors to Concur
The Itemize platform uses AI to transform business receipts, invoices, and other financial documents into intelligent and valuable data. The brand delivers innovative automation with compliance solutions and is recognized by Gartner as a top provider in the field.
The Itemize engine automates expense management, enhances AP workflows, and improves compliance. Leading-edge AI and machine learning drive better processing efficiency for a range of leading clients, including accounting software, credit cards, and corporates.
- Data extraction and verification with accurate API, capturing and matching rich data from receipts for accounting needs and ERP.
- Intelligent AP for corporates. Capture and aggregate data from payable documents, evaluate risk, and verify content.
- Data capture and reconciliation with smart ways to reconcile content, capture documents, and verify invoice data.
Itemize works best for SMBs, independent contractors, sales teams, and sole proprietors.
- Significantly lower error rates help to increase data quality and improve efficiency.
- Better adherence to compliance requirements which reduces fraud and improves auditing.
- AI-powered solutions that process hundreds of files, liberating teams from low-value tasks.
- The company offers a Pro subscription for $9.99/month and a 14-day free trial.
Yokoy is a business spend management platform that combines invoice processing, expense management, and the handling of corporate cards into a single, intuitive dashboard. Never rely on siloed solutions again when Yokoy simplifies the process with streamlined AI and machine learning.
It’s the only expense management tool that allows you to map company-specific process flows without needing a team of developers to code. Yokoy provides data-driven insights and contributes to a higher rate of employee satisfaction.
- AI that recognizes active fraud prevention with audit protocols to ensure compliance.
- Detailed spend reporting with auto-reconciliation of card transactions.
- Lump-sum calculations for trips based on internal guidelines.
The system works best for medium to enterprise-sized companies looking to build unique and fully flexible process flows for spend management.
- It takes only 3 seconds to generate an expense report and manual review is only required for outliers.
- Automates the entire expense process, including VAT reporting and travel expense reporting.
- Have invoice management in one place to capture, review, approve, and book into an ERP system.
Call for a custom quote.
Webexpenses is a leading global provider of cloud-based spend and travel management. The system boasts an expense management tool, app, and invoice processing solution to save your business money and time. The platform also automates compliance, expense reports, error checks, invoices, and much more.
The Webexpenses solution offers over 100 software upgrades every year, with unlimited submissions per month, and custom configuration. The software is available in 70+ countries and helps a business reduce errors, automate manual processes, and integrate with your existing ERP.
- Google Vision-powered OCR technology with drag-and-drop real-time reporting.
- Webexpenses Payments feature automates employee reimbursement with secure payments.
- Webexpenses Invoice Processing tool automates supplier invoice process, from a PO, through capture and approval.
The system best serves clients from all industries in over 70 countries worldwide, from small companies to multi-national enterprises.
- Integrated payments services free up the AP team from manual expense reimbursement.
- Eliminate 90% of manual AP workflows with efficient invoice processing software.
- Committed customer service with continual platform upgrades.
There are custom pricing packages that are available as stand-alone or in bundles for invoice processing, expense management, payments, travel, and auditing.
Emburse Certify Expense
Emburse Certify Expense is an intuitive expense management, business travel, and accounts payable platform that helps to streamline manual tasks, while gaining visibility and control over your business. Serving over 4,500 customers, the platform helps companies discover better ways to manage spend.
The Embusre Certify Expense solution automatically creates reports for employees, streamlines approvals, and makes reporting effortless. Boasting superior customer service, the solution frees up your finance team to focus on more valuables and strategic work.
- Intuitive expense management and travel booking to help you speed up reimbursements and control spend.
- Empower staff to book travel from any device, with features that ensure policy compliance.
- Streamline everything from requisitions to POs and vendor lists in one single, user-friendly dashboard.
Emburse works best with organizations from 50 to 50k who want best-in-class travel and expense management.
- Award-winning customer support with a simple user experience.
- Submissions are instant and time spent approving the expense has been considerably reduced.
- Build expense reports on the go with instant receipt capture from any device.
There are three tiers of pricing:
- Small Business – $8/month with a per-user fee structure.
- Professional – (25-200 employees) Monthly service fee
- Enterprise – (200+ employees) Annual fixed price
Tipalti allows companies to easily process invoices, payments, bank wires, ACH, credit cards, and much more.* It’s an end-to-end mass payment and automation platform that helps organizations scale. With Tipalti, a business can reduce up to 80% of the manual workload.
The software functions seamlessly in a cloud-based atmosphere offering digital marketplaces, virtual payment services, international transactions, and a brandable supplier portal. Tipalti prioritizes efficiency, enables supreme cash flow management, and delivers a white-label experience across the globe.
- Features that offer a broad range of global payment methods and currencies, improve payment accuracy and timeliness, give early payment discounts, and provide proactive supplier visibility
- Built-in optical character recognition (OCR) with touchless invoice processing through AI-driven approval and line-item workflows.
- Eliminate compliance and financial risk with audit trails and role-based views.
Any business looking to make the AP process faster, safer, and more efficient through automation and a mass payable solution.
- Early payment referral fees give AP revenue sharing opportunities and allow companies to manage cash flow better without impacting working capital.
- Global, performance-based platform for marketplaces, networks, and communities.
- End-to-end, invoice-based supplier payments are designed for growing companies.
Two separate plans:
Tipalti Express and Tipalti Pro.
- Tipalti Express has straightforward payment capabilities for smaller companies.
- Tipalti Pro is for medium and enterprise companies offering features like tax forms, multi-entity payables, and international tax IDs.
Pricing is always custom and varies based on a variety of factors like business needs, processing requirements, and volume of users.
Concur 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 Concur do?
Concur provides travel, expense, and invoice management solutions. Their invoice management application automates the invoice management process from invoice capture to payment by allowing invoices to be captured via email, paper, or electronically and leveraging the optical character recognition (OCR) technology to extract information from each invoice.
TrustRadius’s #1 Accounts Payables Solution:
1st Place – Best Feature Set
1st Place – Usability
1st Place – Customer Support
Features of Tipalti vs. Concur
Although Concur 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 Concur.
Global ACH (eCheck), US ACH, Wire, PayPal, Check, and prepaid debit card
Limited payment methods and currencies – no global ACH (retired in 2022), no wire, no PayPal, no prepaid debit card
|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 procurement and payable solution, helping streamline company purchases, improve spend controls, and reduce AP processing time
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
Vendor data is uploaded manually or via API; no self-serve onboarding capability; their supplier portal was retired in Oct 2020.
|Multi-Entity Payables Reconciliation||
Manage multiple entities in a single instance with a consolidated view, instant reconciliation across entities and payables workflows
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
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 ERPs via pre-built connectors using no-code, drag-and-drop interface
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, and W-8 series forms, VAT details, generating 1099 / 1042-S preparation reports and calculating any necessary withholdings.
While Concur 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 Concur provides limited supplier management capabilities, 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 of 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, and 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 Concur?
You are a domestic and slower growth business, and you are OK with managing some workflows manually.
Concur is primarily an expense management platform with basic invoice management capabilities. It can be suitable for small domestic businesses with simple AP workflows, but many AP automation capabilities are unavailable. So you will need to manage them manually or add several other solutions to round up the AP cycle.
Concur has limited supplier management capabilities. The supplier portal was retired in October 2020, so all the supplier requests must be handled manually outside of Concur by the AP team, which puts additional burdens on the team.
Concur provides limited payment methods via check and the virtual card while they retired their ACH payment capability in January 2022. So, many of the payments have to be executed outside of Concur through integration with other payment providers or integration with banks, creating complexity and unpredictability.
Lastly, Concur 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 Concur.
You do not have a large number of vendors.
Concur provides limited vendor management capabilities and does not allow supplier self-service since its supplier portal was deprecated in October 2020. Therefore, vendor details and banking information must be manually uploaded or done through API. And your team will have to spend much time maintaining the vendor master file and managing vendor requests. It is not a scalable solution if you manage a large number of vendors.
Concur does not support vendor W-8 and W9 tax form collection and year-end 1099 and 1042-S prep reports. So you will need to manage vendor tax compliance outside of Concur.
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.
You do not run any operations outside of the US.
Concur has minimal global capabilities to help support your operations outside of the US. Concur provides limited supplier management capabilities and does not allow self-service vendor onboarding. 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.
Concur does not have Multi-Entity capability. Payers need a separate instance of Concur for each entity, so payers can’t instrument centralized controls and will have to reconcile payables data manually for each entity.
Concur also does not support multi-entity branded communication. If you manage multiple brands across regions, your payees might not be familiar with the managing entity, which can create confusion.
International payment options are minimal. Concur 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.
“Tipalti streamlined international payments and compliance. As we continue to acquire companies, we can maximize these investments without compromising scalability or needing new approaches or technology.”
– Phil Newell
Director of Finance IT, GoDaddy
“Vendors can easily set up their preferred payment method and have all their documents in one place. Tipalti documents the approvals through an easy workflow and completely consolidates reconciliations.”
– Nancy Spencer
VP of Finance, Aceable
“Tipalti has allowed us to make quick and significant process improvements and has enabled us to improve our payment timing. Tipalti also elevated our financial reporting process, and we’ve shaved two days off of our month-end close process.”
– Andrew Cole
Senior Accounting Manager, Uptake