Searching for the best accounts payable software for your business?

Save yourself time and stress. We’re here to help you find the right accounts payable software solution for your work.

What is accounts payable software?

Accounts payable software is a subset of broader accounting software that helps organizations manage their debts and other financial liabilities. Most accounting and financial software platforms contain three core modules: - General ledger. The overall financial records of a company. - Accounts receivable. Manages accounts that owe the company money. - Accounts payable. Manages accounts the company owes money to.

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Do you currently use Accounts Payable Software?

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What 5 key Accounts Payable Software features should I look for?

Reports

Visualize accounts payable data. Typically displayed in a dashboard format with key performance indicators (KPIs) highlighted.

Electronic Funds Transfer

Securely transfer funds between electronic bank accounts.

Invoices

Compile, print and send invoices in a number of formats such as .PDF or .DOCX.

Vendor management

rack and manage information for vendors the company has accounts with.

1099 processing

Process 1099 forms for independent contractors and freelancers.

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Showing 1 - 20 of 199 products
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Showing 1 - 20 of 199 products

NetSuite

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by a...Read more

4.10 (816 reviews)

33 recommendations

Sage Intacct

FrontRunners 2022

Sage Intacct is a provider of cloud-based financial management and accounting software. Sage Intacct's software solution is suitable for small to midsize accounting firms and can provide financial reporting and operational insight...Read more

4.18 (320 reviews)

32 recommendations

PriceDemo

FreshBooks

FreshBooks takes billing out of your hands and puts it on autopilot. Set up automated invoicing, online payment options (ACH and Credit Card), and late payment reminders to get paid 2x faster. Next, boost team productivity with pr...Read more

4.47 (3652 reviews)

21 recommendations

Multiview ERP

Multiview Financials is the flagship ERP system developed, sold, implemented, and supported by Multiview Financial Software. Multiview is designed for organizations ranging in size from rapidly growing small businesses to large en...Read more

4.40 (10 reviews)

17 recommendations

PriceDemo

PayEm

PayEm’s platform automates finance processes from request to reconciliation, giving individuals and teams within global organizations the ability to manage non-payroll spend. PayEm is one platform for vendor payments, corporate cr...Read more

4.94 (31 reviews)

10 recommendations

PriceDemo

Emburse Certify AP

Emburse Certify AP gives finance teams insight into their company purchases and the ability to manage spend before it happens, paper is eliminated, and approvals are handled online, making remote work feasible. By automating these...Read more

4.75 (4 reviews)

9 recommendations

AvidXchange

FrontRunners 2022

AvidXchange offers accounts payable software solutions and dedicated service teams that help automate your AP and payment process, replacing manual AP with a digital application suite that provides you with 24/7 on-demand, remote ...Read more

4.57 (87 reviews)

6 recommendations

Teampay

Teampay empowers employees to make necessary purchases quickly without sacrificing control and visibility for the finance team. With Teampay’s spend management platform, finance teams can set spend policies, automate purchase requ...Read more

4.62 (13 reviews)

6 recommendations

PBS Accounting

PBS Accounting is robust professional level accounting software that fits a wide range of businesses and grows with your company. The CashPoint version acts as back end accounting for NCR Counterpoint. Flexible, up to the minute r...Read more

4.52 (31 reviews)

5 recommendations

SAP Business ByDesign

With strong proficiencies in project management, accounting, and customer relationship management, SAP Business ByDesign is a software-as-a-service solution for professional services with 25 or more employees. ...Read more

4.21 (29 reviews)

5 recommendations

Software pricing tips

Read our Accounts Payable Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Connected

Connected is a hybrid integrated accounting and enterprise resource planning (ERP) that caters to small and midsize businesses across various industry verticals and helps them to integrate their data and processes across departmen...Read more

5.00 (3 reviews)

5 recommendations

Corpay One

Corpay One is a leading bill pay solution for small businesses. Picture your bank’s bill pay - only smarter. You can build custom bookkeeping and approval workflows that work for your team. This is one effortless platform, designe...Read more

5.00 (1 reviews)

5 recommendations

PriceDemo

Emburse Nexonia Expenses

Nexonia is a configurable expense management solution that eliminates manual reporting, ensures compliance, and helps control your T&E spend. Customers choose Nexonia for tight integrations with ERP's and accounting systems, ...Read more

4.53 (635 reviews)

4 recommendations

DocuPhase

The DocuPhase Enterprise Automation Platform delivers document management, workflow automation, and OCR capture tools. The DocuPhase solution is designed for companies of all sizes. It is available in both cloud-based and on-premi...Read more

4.42 (60 reviews)

4 recommendations

PriceDemo

Bautomate

Bautomate is an intelligent hyper-automation platform that helps to streamline and automate business processes in a variety of industries. The cloud-based platform uses machine learning (ML), artificial intelligence (AI), and natu...Read more

No reviews yet

4 recommendations

PriceDemo

MineralTree Invoice-to-Pay

MineralTree’s TotalAP accounts payable automation solution digitizes and automates the entire invoice-to-pay process to make paying your suppliers easy, impactful, and profitable. Our cloud-based accounts payable solution can scal...Read more

4.37 (78 reviews)

3 recommendations

PriceDemo

Tipalti

FrontRunners 2022

Tipalti is a cloud-based accounting management solution that helps users automate their accounts payable process. It offers a variety of features, including invoice automation, payment remittance, regulatory compliance management,...Read more

4.62 (73 reviews)

3 recommendations

JD Edwards EnterpriseOne

Oracle JD Edwards EnterpriseOne is an enterprise resource planning software with primary features such as real estate management, human capital management, environmental health and safety and commodity trading. What is JD...Read more

4.14 (138 reviews)

2 recommendations

PriceDemo

APXPRESS

APXPRESS is an Invoice Management application software developed by Arista; with smart solutions, plug & play applications, scalable size, configurable & integrated, mobile-enabled that allows you to reach your goal of digitizatio...Read more

4.00 (1 reviews)

2 recommendations

PriceDemo

Activity HD

ActivityHD, developed by AccountingWare, is a fully integrated accounting system designed to provide flexibility and improve decision-making. Businesses can use ActivityHD to efficiently manage complex systems within a centralized...Read more

4.73 (45 reviews)

1 recommendations

PriceDemo

Popular Accounts Payable Software Comparisons

Buyers Guide

Last Updated: May 17, 2022

Accounts payable software is a subset of broader accounting software that helps organizations manage their debts and other financial liabilities.

We wrote this guide to help prospective software buyers better understand the market for accounts payable software and what they should consider before making a purchase. Here’s what we’ll cover:

What is Accounts Payable Software?
Common Features of Accounts Payable Systems
Accounts Payable Solution Pricing
What Type of Business Are You?
Other Considerations

What is Accounts Payable Software?

Most accounting and financial software platforms contain three core modules:

General ledger. The overall financial records of a company.

Accounts receivable. Manages accounts that owe the company money.

Accounts payable. Manages accounts the company owes money to.

accounts payable screenshot

Accounts payable via Financial Edge by Blackbaud

Typically, these three modules are offered together as part of one comprehensive accounting platform. In turn, that accounting platform can also be offered as part of a broader enterprise resource planning (ERP) suite that includes applications for other functional areas like human resources and customer relationship management (CRM).

As such, accounts payable systems are almost always offered as a package with other core accounting modules. That said, some vendors may offer standalone accounts payable applications to help with more complex accounting situations.

Common Features of Accounts Payable Systems

Here are some common features you will find in most accounts payable modules:

Reports Visualize accounts payable data. Typically displayed in a dashboard format with key performance indicators (KPIs) highlighted.
Electronic Funds Transfer Securely transfer funds between electronic bank accounts.
Invoices Compile, print and send invoices in a number of formats such as .PDF or .DOCX.
Vendor management rack and manage information for vendors the company has accounts with.
1099 processing Process 1099 forms for independent contractors and freelancers.
Automation Receive and collect receipts, transactional data and other information automatically for storage in the general ledger.

Accounts Payable Solution Pricing

Like other accounting software platforms, accounts payable software is typically offered either as a perpetual license or as a monthly subscription. With a perpetual license, an organization will pay a fee upfront, and then will typically pay annual fees for support, maintenance and updates. With a monthly subscription, an organization will pay one monthly fee.

Generally, pricing is determined by the size of the organization and its product requirements. Larger firms with more complex accounting needs will usually pay more than smaller firms.

Another thing to consider is that perpetual licenses typically mean that the software is hosted on your own computers or servers, while subscription-based software is often deployed in the cloud.

While businesses can generally rest easy knowing that their financial data is secure in the cloud, some businesses that have particularly sensitive financial data might wish to host their accounting solution on their own servers. Be sure to consult with an IT security professional to decide what your organization should do.

What Type of Business Are You?

Most small businesses rely on QuickBooks to handle their accounting needs. While QuickBooks can work well for smaller businesses, it may not scale well for growing businesses which need a more advanced solution. Furthermore, businesses in particular industry niches might need certain functionalities that are not present in standard accounting platforms.

For example, nonprofit organizations often need accounting software that is equipped to handle unique tax situations. A construction company that deals with multiple subcontractors and suppliers will also need more advanced accounting features. And of course, companies that conduct any sort of international business need features like multi-currency support and international tax code support.

It is important to verify with prospective software vendors that they have other clients that are in your industry and are similar in size.

Be sure to also check out a vendor’s long term viability. Does the vendor have a growing customer base, and are they regularly updating the platform? If not, you may wish to look elsewhere. Mergers and acquisitions are also very common in the enterprise software world. Smaller vendors are often acquired by larger vendors. In many cases, nothing changes for the end user, though sometimes the acquiring vendor will sunset the acquisition’s product line.

Other Considerations

Here are some other things to keep in mind:

  • Is your business growing rapidly, or planning to expand internationally?

    You’ll want to deploy a system that can scale with your business and your needs. One major consideration is whether a platform complies with various foreign or international accounting regulations.
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  • Does your business operate in a specific industry niche?

    Most accounting platforms are considered to be “general purpose” and serve a range of industries. However, certain organizations in particular industry niches might have to seek out a more specialized platform. For example, a distribution company would want to use an accounting platform that can assist with something like international fuel tax compliance.
  •  
  • Do you have software needs that extend beyond accounting?

    Organizations implementing new accounting software might choose an integrated software suite that covers other functional bases like human resources, customer relationship management, supply chain management and so on. If you’re in the market for a new accounting system, you should consider whether you want an integrated suite or a standalone accounting platform. Each approach has its own unique advantages and disadvantages. Individual best-of-breed applications often have a more extensive feature set, but lack the integrative capabilities of other applications. In contrast, integrated suites might lack features but come with the benefit of being totally integrated across all applications.
  •  
  • Will you need to train your employees on the new system?

    In most cases, you will want to invest into ensuring that your employees are adequately trained to work with a new accounting system. Some accounting systems have steeper learning curves than others; in general, the more advanced the new system is in comparison to your old system, the more training your employees will need. That said, many vendors offer free or paid training services that you can purchase.