Efficient accounts payable (AP) management is vital for businesses using NetSuite. Here are the top five AP automation solutions for 2024, including pricing, ideal company size, and unique features.
1. Medius
- Best For: Mid-sized to large enterprises.
- Pricing: Starts at around $2,000/month.
- Features: AI-powered invoice capture, approval workflows, payment automation, and real-time analytics.
- Differentiator: Excellent scalability for companies with high invoice volumes.
- Learn more: Medius
2. Tipalti
- Best For: Mid-sized to global enterprises with international payment needs.
- Pricing: Custom pricing based on the volume of transactions and services.
- Features: Global payment automation, tax compliance, and supplier management.
- Differentiator: Handles complex tax and regulatory requirements, making it ideal for international operations.
- Learn more: Tipalti
3. AvidXchange
- Best For: Small to mid-sized businesses.
- Pricing: Typically starts at around $1,500/month.
- Features: Invoice management, payment automation, approval workflows, and customizable payment options.
- Differentiator: User-friendly interface and strong customer support.
- Learn more: AvidXchange
4. Yooz
- Best For: Small businesses and startups.
- Pricing: Starts around $400/month.
- Features: Invoice capture, payment automation, mobile access, and integration with NetSuite.
- Differentiator: Offers affordable end-to-end AP automation for small companies looking for rapid deployment.
- Learn more: Yooz
5. MineralTree
- Best For: Mid-sized companies with security concerns.
- Pricing: Starts around $1,000/month.
- Features: AP automation, payment controls, and fraud prevention features.
- Differentiator: Focuses on secure payment processes, making it ideal for businesses with strict compliance needs.
- Learn more: MineralTree
How to Choose the Right AP Automation Solution
When selecting an AP automation solution, evaluate your company’s size, budget, and specific needs like global payments, security, or scalability. Each option integrates well with NetSuite but caters to different business scenarios.
