Software Alternatives, Accelerators & Startups

Tipalti VS Anytime Collect

Compare Tipalti VS Anytime Collect and see what are their differences

Tipalti logo Tipalti

Tipalti is a supplier payments automation solution to streamline all phases of the AP and payment management workflow.

Anytime Collect logo Anytime Collect

Anytime Collect is an automated accounts receivable credit and collections software.
  • Tipalti Landing page
    Landing page //
    2018-11-18
  • Anytime Collect Landing page
    Landing page //
    2023-07-20

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.

Anytime Collect features and specs

  • Automated Accounts Receivable
    Anytime Collect offers automation tools for managing accounts receivable, reducing manual processes and minimizing errors.
  • Improved Cash Flow
    By automating invoice reminders, the software helps in speeding up payments, which can significantly enhance cash flow.
  • Customizable
    The platform is highly customizable, allowing businesses to tailor its features to suit their specific needs.
  • Integration Capabilities
    Anytime Collect integrates with a variety of ERP and accounting software, providing a seamless experience for users.
  • Reporting and Analytics
    The software provides detailed reporting and analytics, offering insights into the accounts receivable process to help make data-driven decisions.

Possible disadvantages of Anytime Collect

  • Cost
    The pricing may be on the higher side for small businesses, making it less accessible for companies with limited budgets.
  • Complex Setup
    Setting up the software can be complex and may require additional time and resources for integration and customization.
  • Learning Curve
    Users may encounter a steep learning curve, especially if they are not familiar with advanced accounts receivable software.
  • Customer Support
    While generally good, some users have reported that customer support response times can be slower than expected.
  • Feature Overload
    For some businesses, the extensive range of features may be overwhelming, leading to underutilization of the software's full potential.

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

Analysis of Anytime Collect

Overall verdict

  • Overall, Anytime Collect is considered a good solution for businesses seeking to enhance their accounts receivable processes. It is user-friendly, provides valuable insights through analytics, and facilitates better communication with customers. While it may require an initial investment of time and resources to fully implement and customize, the return on investment can be significant for businesses with substantial accounts receivable challenges.

Why this product is good

  • Anytime Collect is a cloud-based accounts receivable management software designed to streamline collections processes, improve cash flow, and reduce days sales outstanding (DSO). It offers features like automated reminders, customizable reports, and integration with popular ERP systems, making it a robust tool for finance teams looking to optimize their collection activities.

Recommended for

    Anytime Collect is particularly recommended for medium to large businesses that need a more efficient and automated way of managing their accounts receivable. Companies with high volumes of invoices or those struggling with overdue payments will find it especially beneficial. It is also suitable for organizations using compatible ERP systems looking to integrate their financial processes seamlessly.

Tipalti videos

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

More videos:

  • Review - New Tipalti Account Integration

Anytime Collect videos

Anytime Collect Collector’s Cockpit™ Showcase

More videos:

  • Review - Anytime Collect 2017

Category Popularity

0-100% (relative to Tipalti and Anytime Collect)
Accounts Payable
100 100%
0% 0
Online Payments
59 59%
41% 41
Invoice Management
81 81%
19% 19
Accounting
62 62%
38% 38

User comments

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Reviews

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

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.

Anytime Collect Reviews

We have no reviews of Anytime Collect yet.
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What are some alternatives?

When comparing Tipalti and Anytime Collect, 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.

Quadient AR by YayPay - Quadient AR by YayPay is an accounts receivable automation solution that helps businesses collect cash faster while reducing workload by three times.

Stampli - Interactive Invoice Management. Instant Relief for AP.

Invoiced - Invoiced is simple invoicing for freelancers and small businesses.

AvidXchange - Liberate Your AP

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