“Have I paid that vendor yet?” you ask yourself as you sort through the dozens of invoices you’ve received this month. Definitely not the way you wanted to spend your Friday afternoon.
As your small business grows, manually managing accounts payable (AP) processes becomes more challenging, time-consuming and error-prone.
Enter accounts payable software. These platforms can automate processes like invoice management and payment processing while syncing to your accounting software to ensure nothing slips through the cracks.
This article offers an overview of the six best accounts payable software solutions for small businesses so you can find just the right platform for your needs. We’ll also give you a list of the features you should look for when choosing a platform, plus tips for how to make your decision.*
Financial admin eating up too much of your time? We can take it off your plate
Automate your accounts payable processes with Juni and free up your day for more impactful work.
*The information about all the platforms discussed in this article was collected between 9 January 2024 and 11 January 2024. This article was written and approved by Juni and is intended as marketing material.
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Whenever you’re researching software, whether that be an accounts payable solution or inventory management platform, you need to be clear on what functionalities your business needs. So before we get into our list, here are some features you should prioritise when selecting accounts payable software:
Let’s take an in-depth look at our list of software. For each platform, we’ll list its features (as well as its limitations), explain how pricing works and point out what kind of business it’s best fit for.
Juni’s platform for ecommerce entrepreneurs comes with automated accounts payable features that can help you run simpler, tighter and more accurate financial admin. With Juni, it takes just seconds to auto-collect, pay and even finance your invoices.
By collecting and scanning your invoices automatically, then pre-filling all the important payment details, Juni saves you time and reduces the risk of human error. You can also automatically import your receipts and invoices with your dedicated Juni inbox for effortless spend management, plus match receipts to transactions.
What’s more, if you need to reduce pressure on your cash flow cycles, Juni offers financing options for certain types of payments, giving you up to 120 days to pay.*
The platform goes beyond accounts payable features, also offering business accounts and cards, features to optimise cash flow management, powerful accounting automations, fast transfers and storefront integrations.
Most suitable for: Ecommerce entrepreneurs and small businesses
Juni has two plan options:
You can try our Scale plan for free for the first 30 days.
Based in Copenhagen, Pleo is a business spending solution with built-in AP automation software. Pleo’s invoice management features make it easy to capture, process, approve, pay and bookkeep invoices in a central location. With over 50 supported currencies, Pleo users can seamlessly pay vendors across the world.
Most suitable for: Companies that need to pay invoices in several currencies
Pleo has three plan options:
Spendesk is a spend management platform with accounts payable features like invoice automation and approval workflows, giving you greater control over the invoicing lifecycle and your AP processes. By using Spendesk, you can minimise (or eliminate) manual data entry for your invoicing processes, plus get real-time insights into your spending patterns.
Most suitable for: SaaS, tech and fintech companies
Spendesk doesn’t list its pricing options, so you’ll have to reach out to sales to get a quote
Sage Intacct’s cloud-based invoicing software helps small business owners and finance teams automate invoice management with the power of AI. For example, simply upload or email an invoice, and the software will automatically extract details and populate fields for your approval. The platform can also detect duplicate invoices, helping you stay in control of your expenses and avoid costly errors.
Most suitable for: Businesses that need powerful analytics tools
Sage Intacct has three plans for its accounts payable software. All plans come with three months free:
While SAP Concur isn’t specifically designed for small businesses, it’s still a good fit for solopreneurs and SMBs looking to automate their AP processes. The platform automates invoicing processes, meaning you can pay suppliers quickly without constantly having to double-check invoices and complete transactions yourself.
Most suitable for: Businesses with immediate plans to scale
SAP Concur doesn’t list its pricing options, so you’ll have to reach out to sales to get a quote.
Visma is the parent organisation for a number of accounting and invoicing solutions across Europe. It has designated products for 15 different EU countries, such as Visma eKonomi, its designated Swedish accounting platform. Visma eKonomi has basic AP features for paying vendors, but it has a range of other accounting features that can help you streamline your financial admin as a whole.
Most suitable for: Small businesses in Sweden
Visma platform prices range depending on which country you operate in and the Visma product you select. Visma eEkonomi has three plans that come with supplier invoicing features:
You can have all the software comparison guides in the world available to you, but if you aren’t intentional about your decision, you may end up choosing software that falls short for your needs. Here are a few steps you can take to help you make the right decision when selecting an accounts payable platform for your small business.
By digitising the traditionally paper-intensive process of handling invoices and payments, AP software is not only more efficient than manual processes, but also minimises the possibility of errors, like a missed or incorrect payment. Having more visibility over invoices, due dates and your general spending patterns can help you maintain tighter control over your financial operations.
But to get the most out of a platform, you need to make sure you’re choosing the right one for your needs. For example, if you run an online storefront, you’ll want to choose a solution like Juni that has the specific needs of ecommerce entrepreneurs in mind.
By choosing a software solution that’s a good fit for you, you’ll make your business more agile, resilient and competitive. Meanwhile, you’ll get back more time in the day to focus on what you most love about running your company, whether that’s marketing your product, interacting with customers or finding ways to scale.
Financial admin eating up too much of your time? We can take it off your plate
Automate your accounts payable processes with Juni and free up your day for more impactful work.
*Juni Invoices is available for EU-based companies only. Mediefinansiering är tillgängligt för behöriga företag som är registrerade i Nederländerna, Sverige, Tyskland, Frankrike, Spanien, Italien, Finland och Norge. Avgifter och villkor gäller. Click here for more details.
Accounts payable automation software helps businesses manage and track the money they owe to suppliers, vendors and other parties. Essentially, this type of software helps business owners and finance departments handle their payment processes by recording invoices, tracking due dates and organising information.
While you can manually manage your accounts payable process, this approach can be time-consuming and error-prone. A better way to keep track of accounts payable is by using specialised accounts payable software that tracks and pays your invoices for you.
You can automate accounts payable processes by using specialised software. These platforms handle a number of tasks, including:
"Only six more to go," you tell yourself as you upload yet another receipt to your accounting software. We all know the pain of searching for receipts across emails and platforms and trying to match them to expenses.
This becomes even more challenging the larger your business becomes and the more vendors you have to pay. You can avoid most of that frustration and wasted time with the right spend management software.
But not all spend management platforms will be a good fit for your business. For example, digital commerce companies need solutions that take into account sector-specific expenses like ad receipts and multiple platform payments, while small businesses need tools that simplify their financial admin, not complicate it.
This article takes a look at the six best spend management software solutions so you can find just the right platform for your needs. We’ll also give you a list of the features you should look for when choosing a platform, plus tips for how to make your decision.*
Spend less time on spend management
With real-time spend overviews, receipt matching automation and powerful integrations, Juni will make you forget what a hassle managing your expenses used to be.
*The information about all the platforms discussed in this article was collected between 17 January 2024 and 19 January 2024. This article was written and approved by Juni and is intended as marketing material.
Before taking a closer look at the tools on our list, here are six features your spend management software (also known as expense management software) should come with:
Bonus: Look out for spend management platforms that come with built-in accounts payable and invoice automation features, which will help you centralise your financial admin and save time.
Now, let's explore the solutions on our list in depth. For each platform, we’ll list its key features (as well as its limitations), explain how pricing works and point out what kind of business it’s best fit for.
Juni helps businesses in digital commerce manage their cash flow, track their expenses and optimise their profits with features that are specifically designed with ecommerce companies in mind.
While it’s not specifically expense management software, you can use the platform for your spend management needs. Juni's goal is to give everyone in digital commerce, from the CFO to the accounting team to marketing managers, everything they need to focus on business growth.
Juni’s expense management features are especially valuable for users who have multiple receipts coming from different media buying channels and online transactions. With Meta and Google Ads integrations, plus powerful receipt matching, expense management suddenly becomes easy. On top of that, you can also manage your unpaid invoices and accounts payable processes within Juni, bringing your financial admin under one roof.
All of this comes with easy access to media and inventory financing for up to 2 million EUR, helping you free up your cash flow and grow your business.*
*Juni Invoices is available for EU-based companies only. Mediefinansiering är tillgängligt för behöriga företag som är registrerade i Nederländerna, Sverige, Tyskland, Frankrike, Spanien, Italien, Finland och Norge. Avgifter och villkor gäller. Click here for more details.
Most suitable for: SMBs and mid-market companies in digital commerce
Juni has two plan options:
SAP Concur helps you streamline processes to deliver efficiency savings, with a focus on eliminating manual data entry, lost receipts and unclaimed VAT refunds. As such, it’s best suited to larger organisations. The platform helps you reduce the risk of human error and compliance issues with automations, plus the software can identify potential mistakes and discrepancies in real-time.
Most suitable for: Larger and enterprise organisations
SAP Concur doesn’t list its pricing options, so you’ll have to reach out to sales to get a quote.
Zoho Expense is the business expense tracking app from the Zoho suite of business tools, which means it integrates with Zoho’s other financial management apps. It’s a reasonably priced platform suited to handling all aspects of expense management and reporting for SMBs. Zoho Expense automatically records expenses from receipts, simplifying and automating the expense reporting process.
Most suitable for: People already using other Zoho products (namely Zoho Books)
Zoho Expense has three plans for its spend management software:
Expensify is a spend management solution for keeping track of business expenses on the go. Most of the expense management functionality can be done on your phone, while a series of handy integrations help to automate and streamline processes around uploading and allocating receipts. Plus, it’s easy for employees to create and submit expense reports for quick reimbursement.
Most suitable for: Small businesses with lots of employee expenses
Expensify has two plans:
One of the many features of smart accounting software QuickBooks is its built-in expense management tool. There are obvious advantages to expenses being handled via your accounting platform, like how easy it is to claim business expenses for tax purposes. And when you connect your bank to the platform, QuickBooks automatically matches and organises your receipts to transactions.
Most suitable for: Businesses who want more comprehensive accounting tools built into their spend management software
Quickbooks has five plans:
Fortnox is a cloud-based accounting software platform based in Sweden that helps businesses manage their accounting and bookkeeping processes, as well as other financial admin like spend management. Users can take photos of receipts and instantly upload them via a mobile app, and the platform automatically fills in date, amount and VAT.
Most suitable for: Businesses that operate in Sweden
Fortnox has three plans:
The information in this guide can help you make your decision, but ultimately, you need to factor in considerations about your business and its needs when choosing a platform. Here are three things you can do to ensure you’re choosing an ideal solution.
As you’ll notice from the list above, different software solutions are more suitable for different business industries and sizes. For example, Juni is spend management software built with the needs of ecommerce companies in mind. So when researching a platform, pay close attention to what type of business (big or small, ecommerce or SaaS) it’s best suited for.
While it shouldn’t be the only factor that guides your decision, you can’t ignore pricing when choosing a solution. You need to find a healthy balance between a platform you can afford (and doesn't go over budget) that still gives you all the key features and functionalities you need to run smarter, more efficient financial admin.
You may be a small business now, but if you have plans of scaling in the future, you want to make sure your expense management solution can scale with you. Juni, for example, caters to both SMBs as well as mid-market companies, meaning we can provide the solutions you need from the time your business is founder-led to when it has 100+ employees.
While you can never remove expense management from your to-do list, you can find a platform that does most of the work for you. The best spend management software is one that not only simplifies financial operations but also contributes to strategic decision-making and the long-term financial health of your organisation.
To find a platform that does all that, you need to make sure you’re making your selection with the unique needs of your business in mind. For example, if you operate in digital commerce, you want to choose a solution like Juni that comes with ecommerce-specific capabilities, like features designed specifically for media buying and online transactions.
So take your time finding the right platform—doing so can lead to significant time savings and valuable insights into spending patterns, helping you improve the overall financial health and success of your business.
Spend less time on spend management
With real-time spend overviews, receipt matching automation and powerful integrations, Juni will make you forget what a hassle managing your expenses used to be.
Spend management software is a platform or tool that helps businesses manage and control their expenses. This type of solution usually includes features for receipt management, expense reporting and approval workflows. Plus, these platforms often integrate with accounting software, as well as sync with banks and credit cards.
There are a number of benefits to using spend management software to control your expenses, including:
The price of expense management software varies depending on the size of your business and what industry you operate in, as this will impact which platform you choose. Prices range from as low as £7 per month to almost £100, and some spend management systems also offer free plans to certain users.
Utan en automatiserad lösning för leverantörsreskontra fastnar du i manuella processer och oändligt pappersarbete bara för att få månadsslutet klart.
Det gör att du inte kan fokusera på att minska höga utgifter och maximera lönsamheten.
Att försöka hantera kassaflödet över flera kostnadsställen kan ta timmar. Det förvärras av att manuell hantering av mediefakturor tar mycket tid och kan resultera i fel.
I den här artikeln kommer vi att titta på leverantörsreskontrans roll inom modern handeln och utforska lösningar på vanliga problem.
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Leverantörsreskontra avser den funktion som hanterar eventuella skulder till leverantörer eller försäljare. När de har utfärdat en faktura är leverantörsreskontrans roll att ta emot, behandla, validera, registrera och göra betalningen.
Leverantörsreskontra hanterar också företagets kassaflöde genom att bevaka utgående medel. Utestående betalningar redovisas som saldot på leverantörsreskontran på företagets balansräkning och visar hur mycket pengar som behöver betalas totalt. Kortsiktiga skulder eller aktuella förpliktelser avser betalningar som företaget förväntar sig att reglera inom ett år.
Låt oss säga att en reklambyrå skickar en faktura för sina tjänster. Så snart denna faktura tas emot börjar betalningsprocessen.
Avdelningen för leverantörsreskontra måste verifiera fakturans giltighet, kontera den till bokföringen och skicka den för godkännande.
Enkelt uttryckt behöver man kontrollera att fakturan är korrekt, registrera den noga, bekräfta att den matchar inköpsordern och kvittot, samt få nödvändiga godkännanden för betalning.
Att manuellt göra betalningar, mata in data och upptäcka fel som dubbla eller falska fakturor är tidskrävande. Och överlag kan brist på lämplig bokföringsautomatisering öka antalet fel.
Här är några av de vanliga problem som du förmodligen sett tidigare i processen för leverantörsreskontra och hur du med hjälp av automatisering kan övervinna dem.
Ett vanligt problem i detta skede är svårigheter att manuellt behandla fakturor som kan komma i flera olika format (t.ex. papper, e-post, EDI) eller till och med vara ofullständiga.
För att slippa detta behöver du ett bokföringsprogram som automatiserar behandlingen och säkerställer att alla fakturor tas emot i samma standardiserade format.
Till exempel har Juni utvecklat OCR-modeller med AI-data som fångar och automatiskt konverterar samt digitaliserar pappersfakturor åt dig. Detta gör att du slipper leta efter korrekta eller nya versioner av fakturor.
Även om fakturor lämnas in på ett enhetligt sätt måste du fortfarande matcha rätt faktura med rätt betalning.
Fel i manuell verifiering av fakturor är vanligt, och felaktiga uppgifter, inköpsordrar eller leveranskvitteringar som inte stämmer överens leder ofrånkomligen till förseningar och tvister med leverantörer.
Om du till exempel har haft hand om fakturor för Google Ads förstår du att det kräver mycket administration.
Lyckligtvis löser automatiserad två- eller trevägsmatchning problemet och påskyndar processen avsevärt. Det innebär att en algoritm identifierar avvikelser genom att korsreferera fakturor med inköpsordrar. Du får en rapport som gör att du omedelbart kan identifiera felaktigheter i kostnaderna.
Förseningar i godkännandeflödet är vanliga på grund av ineffektiva processer och brist på tydliga hierarkier för godkännande. Detta kan speciellt leda till stora förseningar i större och mer komplexa organisationer.
Genom att minska manuell datainmatning får teamet som arbetar med leverantörsreskontra mer tid att fokusera på mer strategiska uppgifter, som att skydda tillgångar och identifiera höga utgifter eller tillväxtmöjligheter.
Automatisering av fakturaregistrering fungerar dock bara om din lösning för leverantörsreskontra sömlöst integrerar med din nuvarande bokföringsplattform.
Leta efter en automatiserad lösning med ett brett utbud av tillgängliga API:er och integrationer. Lösningen bör också ha realtidsdataanalys och flöde in i live-rapporter.
Det betyder att du kan validera data med precision och säkerställa att avvikelser i balansräkningen flaggas innan de registreras.
Försenade betalningar är vanliga och skadar både leverantörsrelationer och ditt bolag.
Det är viktigt att säkerställa snabba betalningar genom automation för att slippa hantera extra kostnader i form av förseningsavgifter och missade rabatter.
Lösningen du väljer bör också ha robusta system som upptäcker dubbla betalningar för att förhindra att för mycket betalas ut och minskar kostnader.
Att göra betalningar är lika viktigt som att hantera relationen mellan dem och din organisations kassaflöde.
Att betala av annonskampanjer eller leverantörer kan leda till att pengar alltid är bundna där, vilket skapar en flaskhals för tillväxt och återinvestering.
Överväg flexibla finansieringslösningar för fakturor om du känner igen detta i din organisation. Fakturafinansiering innebär att du inte behöver vänta på kundbetalningar utan att du omedelbart kan få tillgång till tillräckligt med pengar för att täcka din leverantörsreskontra.
Med Junis flexibla fakturakredit får du till exempel upp till 120 dagar på dig att återbetala, vilket förbättrar kassaflödet och skapar tillväxtmöjligheter.
Juni är en allt-i-ett-lösning som är designad för att förenkla för ditt redovisningsteam. Så här görs leverantörsreskontra enklare.
Automatiserad fakturabehandling sparar dyrbar tid genom att automatiskt skanna fakturor och fylla i betalningsuppgifter. Juni kan också matcha dina betalda fakturor med motsvarande transaktioner på några sekunder, en funktion som särskilt uppskattas av EYTYS.
"Vårt marknadsföringsteam använder Juni Capital för våra annonsutgifter på Google- och Facebook Ads. Juni hämtar också fakturan direkt från plattformen, vilket påskyndar utgiftsrapporteringen."
Effektiva integrationer med dina nuvarande processer säkerställer att data flödar automatiskt från system och kunder in i programvaran. Likaså säkerställer kompatibilitet med det bokföringsverktyg som du föredrar att du kan exportera data till plattformar som Fortnox, DATEV och Exact Online.
Juni låter dig betala fakturor på några sekunder samt schemalägga betalningar för kommande fakturor med några klick. Du kan också göra snabba betalningar från ditt Juni-kort och konto till globala leverantörer med låga avgifter via SEPA och SWIFT-överföringar.
Hantera dina utgifter genom att ställa in kontroller och gränser för varje kort och få notifikationer varje gång en betalning görs från ditt konto. Som teamet på ANI Jewels säger: "Juni har avsevärt minskat den tid som spenderas på finansiell administration, vilket gör att du kan fokusera mer på strategiska tillväxtinitiativ."
Juni underlättar spårning av utgifter i realtid för att hjälpa dig hantera ditt kassaflöde. Du får dagliga avstämningar och ökad översikt över prestationsindikatorer som behandlingstid och utgifter.
Du får också tillgång till branschledande rapporterings- och analysfunktioner. Det innebär proaktiv, snarare än reaktiv, problemlösning och snabb översikt över vad som hindrar betalningar.
Med Juni kan du till exempel se en potentiell minskning av kassaflödet innan den inträffar. Du kan sedan fatta ett proaktivt beslut att frigöra pengar för det som är viktigt och begränsa utgifter för sådant som inte är kritiskt.
Du kan också förbättra ditt kassaflöde med flexibel fakturakredit med upp till 120 dagar att återbetala. Detta var en stor hjälp för F&F stores som använde Junis flexibla finansiering för att maximera sina annonsutgifter:
"Kredit från Juni har gjort det möjligt för oss att öka försäljningen och ha exceptionell tillväxt på Amazon. Vi rankar regelbundet bland topp 20 säljare på Amazon i Storbritannien." - Oscar Price, Company Accountant hos F&F.
När du skalar upp ditt företag blir balansen mellan utgående kostnader och behovet av att bibehålla kontroll över kassaflödet allt svårare.
Juni hjälper dig att förbli effektiv, minskar stress och fel med en allt-i-ett-lösning för leverantörsreskontra. Din avdelning för leverantörsreskontra kan automatisera fakturor och betalningar och bevaka kassaflödet med plattformar för utgiftshantering och realtidsrapporter.
Leverantörsreskontra registreras vanligtvis som ett kreditsaldo i bokföringen. Det representerar pengar som ett företag är skyldigt sina leverantörer eller borgenärer för varor eller tjänster som köpts på kredit.
Leverantörsreskontra kan omfatta alla typer av betalningar som görs via företagskonton. Dessa inkluderar leverantörsfakturor, betalning av frilansare, hantering av annonskostnader och mer.
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