Accounts Payable software

Updated: July 30, 2023

Accounts Payable software is a vital tool that streamlines and automates the process of managing and processing invoices and payments within an organization. This specialized software enables businesses to digitize and centralize accounts payable data, eliminating manual and paper-based processes. Accounts Payable software offers features such as invoice capture and data extraction, automated approval workflows, and electronic payment capabilities, reducing the time and effort required for invoice processing and payment reconciliation. With real-time visibility into outstanding invoices and payment status, businesses can enhance cash flow management and optimize vendor relationships. Additionally, Accounts Payable software helps prevent duplicate payments, improve accuracy, and enforce compliance with financial policies and regulations. By leveraging Accounts Payable software, organizations can achieve greater efficiency, reduce operational costs, and gain better control over their financial processes, ultimately contributing to improved financial performance and decision-making.

See also: Top 10 Online Accounting software

2021. Accounts payable automation startup Tipalti raises $270M



Tipalti, a company specializing in automating accounts payable processes for mid-market companies, has successfully raised $270 million in a Series F funding round. Utilizing the power of artificial intelligence, Tipalti offers a comprehensive cloud-based platform that streamlines various accounting services, including supplier management, invoice processing, purchase orders, tax compliance, payment processing, and billing. By leveraging its advanced AI technology, Tipalti claims to significantly reduce the operational workload for businesses, allowing them to promptly pay their partners and vendors within minutes. With Tipalti, companies can benefit from an integrated solution that enhances efficiency and optimizes their accounts payable processes.


2020. Accounts payable platform Tipalti receives $150M



Tipalti, a comprehensive cloud platform for managing suppliers, invoices, purchase orders, tax compliance, payments, billing, and other accounting services, has successfully raised $150 million, catapulting its valuation to over $2 billion. Tipalti acknowledges that accounts payable is a labor-intensive task within finance departments. To streamline this process, the company offers seamless integration via API with various accounting and tracking platforms, including NetSuite, Sage, QuickBooks, Affise, Cake, Everflow, HitPath, LinkTrust, Paladin, Tune (HasOffers), and Vidooly. This integration allows companies to efficiently manage and track payments in relation to organizational activities, minimizing the need for extensive manual input. By automating these functions, Tipalti enables businesses to allocate their time and resources to other crucial areas. Note: The provided link is a placeholder and may not lead to the actual website.