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AvidXchange VS Tipalti

Compare AvidXchange VS Tipalti and see what are their differences

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AvidXchange logo AvidXchange

Liberate Your AP

Tipalti logo Tipalti

Tipalti is a supplier payments automation solution to streamline all phases of the AP and payment management workflow.
  • AvidXchange Landing page
    Landing page //
    2023-09-09

At AvidXchange, we build software solutions and dedicated service teams that completely automate your accounts payable and payment process, liberating your AP from the endless paper chase that’s eating up time and money and replacing it with a digital application that provides you with 24/7 on-demand access.

Eliminate paper invoices and streamline approvals from anywhere without losing visibility or control.

Self-manage payments for suppliers you need to pay in-house, while decreasing chances of check fraud.

Make fast and secure payments while reducing processing costs -- backed by the industry's largest supplier network of over 500,000 companies.

Pay suppliers and subcontractors in their preferred payment method with greater visibility into payment status.

With AvidXchange you don’t need to replace your existing accounting software. Instead, our industry-leading tools seamlessly integrate with over 150 of the most popular accounting systems including Oracle NetSuite, Intuit Quickbooks, MRI, Microsoft Dynamics GP, Sage Intaact, Sage 300 and Rent Manager.

  • Tipalti Landing page
    Landing page //
    2018-11-18

AvidXchange

Website
avidxchange.com
$ Details
paid
Release Date
2000 April
Startup details
Country
United States
State
North Carolina
City
Charlotte
Founder(s)
Chris Tinsley
Employees
1,000 - 1,999
Edit details

Tipalti

Website
tipalti.local
$ Details
-
Release Date
-
Edit details

AvidXchange features and specs

  • Integrations
    Visit https://www.avidxchange.com/integrations to learn more

Tipalti features and specs

  • Automation
    Tipalti automates the entire accounts payable process, reducing manual workload and minimizing errors.
  • Global Payments
    The platform supports multiple currencies and payment methods, making it easier to manage international transactions.
  • Compliance
    Tipalti ensures compliance with tax and regulatory requirements, including automatic tax form generation and validation.
  • Integration
    It integrates well with various ERP and accounting software systems, streamlining financial operations.
  • Supplier Management
    Suppliers can self-serve through Tipalti, updating their information and payment preferences without additional admin overhead.
  • Scalability
    Designed to grow with your business, handling increased transaction volumes efficiently.

Possible disadvantages of Tipalti

  • Cost
    Tipalti can be expensive, especially for smaller businesses or startups with limited budgets.
  • Complexity
    The wide range of features can be overwhelming for some users, requiring a learning curve to fully utilize its capabilities.
  • Customer Support
    Some users have reported slow response times from customer support, which can be critical for resolving urgent issues.
  • Customization
    Limited customization options could be a drawback for businesses with unique or highly specific requirements.
  • Integration Challenges
    Although Tipalti offers integration, some users have experienced difficulties during setup, requiring additional technical support.
  • Dependency
    Relying on a third-party service for critical financial operations introduces a dependency that some businesses may find risky.

Analysis of AvidXchange

Overall verdict

  • Yes, AvidXchange is generally considered to be a good solution for businesses looking to streamline their accounts payable processes.

Why this product is good

  • AvidXchange offers automation of invoice processing and payment management, reducing the time and effort involved in manual handling. Their platform provides increased efficiency, greater control over cash flow, and reduced errors. Businesses benefit from improved workflow management and the ability to integrate with various accounting software systems.

Recommended for

  • Medium to large-sized businesses
  • Companies seeking to automate their accounts payable processes
  • Organizations looking to improve operational efficiency and cost-effectiveness
  • Finance teams aiming to enhance accuracy and compliance in their financial operations
  • Companies requiring integration with existing accounting systems

Analysis of Tipalti

Overall verdict

  • Tipalti is generally well-regarded as a solid solution for businesses looking to automate and simplify their financial operations, especially those dealing with a large volume of suppliers or global transactions. Its ease of integration and extensive features make it a strong contender in the fintech space.

Why this product is good

  • Tipalti is a comprehensive financial operations platform that streamlines the accounts payable process. It is known for its robust automation features, ability to handle global payments, and ensure compliance with tax and regulatory requirements. Users often highlight its efficiency in reducing payment errors and the administrative burden associated with managing multiple financial systems.

Recommended for

  • Businesses dealing with high-volume financial transactions
  • Companies with a complex supplier network
  • Finance teams seeking to automate accounts payable functions
  • Organizations requiring global payment solutions
  • Enterprises needing to ensure compliance with tax and regulatory requirements

AvidXchange videos

+ Add

AvidXchange Demo Webinar - How to Leverage the Top 3 Benefits of Automated Accounts Payable

More videos:

  • Review - AvidXchange Training

Tipalti videos

+ Add

Tipalti | Interview with its Co-Founder & CEO - Chen Amit

More videos:

  • Review - New Tipalti Account Integration

Category Popularity

0-100% (relative to AvidXchange and Tipalti)

AvidXchange

Tipalti

Accounts Payable
50 50%
Accounts Payable
50% 50
Accounting
65 65%
Accounting
35% 35
Invoice Management
33 33%
Invoice Management
67% 67
Small Business
100 100%
Small Business
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare AvidXchange and Tipalti

AvidXchange Reviews

Best Accounts Payable Software for 2022
Why we like it: AvidXchange has invoice automation software, purchase order software and bill payment software that integrates with over 180 different accounting programs, making it more useful for small businesses that use something other than QuickBooks. There’s also a customer service phone number for live support. A quote-based pricing system and no free trial may make...
Source: www.nerdwallet.com

Tipalti Reviews

The Top Alternatives to Bill.com
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 both the...
Source: tipalti.com
Best Accounts Payable Software for 2022
Why we like it: Tipalti’s OCR technology can alleviate some of the mind-numbing data entry work around manually keying in invoice data. The program can also match purchase orders with invoices. Live support is a valuable feature. The expense — especially since there’s no free trial — may put it out of range for some small businesses, though.
Source: www.nerdwallet.com

What are some alternatives?

When comparing AvidXchange and Tipalti, you can also consider the following products

Bill.com - Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform.

Stampli - Interactive Invoice Management. Instant Relief for AP.

Spendesk - Smart spending solution for agile teams

Docsumo - Extract Data from Unstructured Documents - Easily. Efficiently. Accurately.

webexpenses - webexpenses is a cloud-based expense management solution.

Invoice Data Extraction - From Invoice Chaos to Organized Data in Minutes.

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