What are the best accounts payable automation tools?

As of my last update in October 2023, several accounts payable (AP) automation tools are highly regarded for their features, ease of use, and integration capabilities. Here are some of the best options:

1. **Tipalti**: A comprehensive AP automation solution that streamlines the entire process from invoice management to payment processing. It offers features like supplier onboarding, tax compliance, and multi-currency payments.

2. **Bill.com**: Known for its user-friendly interface, Bill.com automates invoice approvals, payments, and document management. It integrates well with various accounting software and offers mobile access.

3. **Coupa**: A robust spend management platform that includes AP automation. Coupa provides features for invoice processing, supplier management, and analytics, making it suitable for larger organizations.

4. **AvidXchange**: Focused on mid-sized businesses, AvidXchange automates invoice and payment processes, offering features like electronic invoicing, payment approvals, and integration with popular accounting systems.

5. **SAP Concur**: While primarily known for expense management, SAP Concur also offers AP automation features. It helps manage invoices and payments while integrating seamlessly with other SAP solutions.

6. **Stampli**: This tool emphasizes collaboration and communication within the AP process. It uses AI to streamline invoice processing and offers features like visual invoice management and approval workflows.

7. **Divvy**: A spend management platform that includes AP automation features. Divvy allows businesses to manage expenses, invoices, and payments in one place, with real-time visibility into spending.

8. **Nvoicepay**: Specializing in payment automation, Nvoicepay simplifies the payment process for invoices, offering features like payment reconciliation and integration with various accounting systems.

9. **Zoho Books**: Part of the Zoho suite, Zoho Books offers AP automation features along with comprehensive accounting capabilities. It's particularly suitable for small to medium-sized businesses.

10. **Xero**: While primarily an accounting software, Xero includes features for managing bills and payments, making it a good option for businesses looking for a simple AP solution.

When choosing an accounts payable automation tool, consider factors such as your business size, specific needs, budget, and integration capabilities with your existing systems. It's also beneficial to take advantage of free trials or demos to assess the usability and features of the software before making a decision.