The 6 best Yooz alternatives for AP automation

Yooz provides AP automation services with Yooz Rising, its cloud-based purchase-to-pay (P2P) automation solution. It offers customizable reporting tools and dashboards, providing control over accounts payable processes and real-time visibility into key performance indicators (KPIs). Yooz uses AI and big data technologies to automate invoice processing, GL coding, and purchase order matching.

Yooz Rising is typically for small and midsize businesses requiring an AP automation solution that automatically captures and digitizes invoices and manages approvals and payments. However, numerous alternative solutions are available if you’re looking for a user-friendly AP automation platform that doesn’t require any rework to your ERP, financial system, or accounting software. In this article, we’ll explore six Yooz competitors you may want to consider.

1. Stampli

With its unique ability to learn your company’s patterns and processes and automate essential accounting functions, Stampli is the perfect solution for Accounts Payable. Stampli empowers accounting teams to streamline their accounts payable workflow without disrupting their current business processes or ERP. 

By leveraging artificial intelligence and machine learning technologies, Stampli makes AP workflows like invoice scanning and coding, approval routing, and payment processing more powerful and adaptable. Stampli is payment agnostic – customers can opt for Stampli Direct Pay payment automation for a complete AP automation solution or choose their own payment provider. With Stampli, accounts payable teams gain complete visibility and control over every transaction, allowing them to manage cash flow and transform AP into a strategic driver for their business.

Stampli has received numerous awards for corporate citizenship, customer service, and leadership, including: 

• No. 2 in the G2 list of Best Accounting and Finance Products for 2023.
• Recognized By Forbes As One Of America’s Best Startup Employers Of 2023
• Best Accounts Payable Automation Solution, 2022 Fintech Awards.

Key features

• Automates and optimizes accounts payable processes like invoice scanning, data entry and coding, and verification.
• Stampli Insights provides real-time AP reporting, analytics, and visual dashboards to help customers make informed decisions.
• Manages multi-currency, multi-location, and multi-subsidiary accounts payable scenarios.
• Supports custom approval routing and multiple approvers.
• Handles international payments to suppliers in over 150+ countries in USD or local currency.
• Integrates with over 70 ERPs and accounting systems with disruption-free deployment in days, not weeks.

Advantages

Most control

AP-related communications, documents, and workflows are centralized on top of invoices for greater control.

Smartest AI

Stampli’s AI assistant, Billy the Bot™, learns your AP processes and reduces tedious manual tasks with to assist across the entire invoice lifecycle including invoice capture, coding, matching, approvals, and fraud detection.

Time to value

Stampli’s implementation process is quick and seamless, with live assistance and 24/7 support from a team of knowledgeable AP and ERP experts. You can expect most implementations to be completed within days, without any disruption to your existing workflows or IT infrastructure.

Integrated services beyond Accounts Payable

Stampli’s core AP automation solution is enhanced with a suite of integrated products that provide valuable functionality for businesses. These added features include:

• Stampli Expenses employee expense management. 
• Stampli Direct Pay domestic and international payment solutions.
• Stampli Card virtual and physical credit cards.

Customer satisfaction

Stampli consistently scores top ratings for Implementation, Relationship, and Usability in the G2 Grid for Accounts Payable for excellence in customer service.

Pricing

Stampli offers simple monthly or annual pricing with unlimited users, vendors, and training.

Bottom line

Stampli is an excellent option for small, medium, and enterprise companies seeking a comprehensive accounts payable solution. With its user-friendly design, deep industry expertise, transparent pricing, and solid track record for customer service, Stampli is the top alternative to Yooz for P2P automation.

2. BILL (formerly bill.com)

BILL offers comprehensive solutions to help businesses simplify and automate their financial operations, making it easier to manage their cash inflows and outflows. BILL offers features like cash management, accounts receivable, accounts payable, invoice generation, payment management, and integration with accounting software to ensure businesses have everything they need to manage their finances efficiently and effectively.

Key features

BILL offers Essentials, Team, Corporate, and Enterprise service tiers with different feature sets. 

Essentials

• Choice of accounts payable or accounts receivable automation services.
• Basic AP automation: invoice scanning, capture, and coding, vendor information management, document storage, and payment processing.
• Manual CSV integration with QuickBooks Online, QuickBooks Pro, QuickBooks Premier, and Xero.
• Standard user roles.
• Email support.

Team

Everything in the Essentials tier, plus:

• Automated two-way sync with QuickBooks Pro, QuickBooks Online, QuickBooks Premier, and Xero.
• Custom user roles.

Corporate

Everything in the Team tier, plus:

• AP and AR automation.
• Automated 2-way sync with QuickBooks Pro, QuickBooks Online, QuickBooks Premier, and Xero.
• Custom approval policies.

Enterprise

Everything in the Corporate tier, plus:

• Automated sync with QuickBooks Enterprise, Oracle NetSuite, Sage Intacct, and Microsoft Dynamics ERPs.
• Multi-location & multi-entity accounting.
• Priority customer support.
• API access.

Advantages

Improved business efficiency

BILL frees businesses to focus on growth by automating labor-intensive manual accounting functions. The platform’s payment options, such as ACH or credit cards, give flexibility and efficiency in paying vendors, which can help businesses stay organized and focused on achieving their goals.

Spend management

At higher service tiers, businesses have the option to configure approval workflows, roles, and permissions, which can give them better oversight and management over their expenses.

Pricing

BILL charges a per-month price based on service tier. It also charges per-transaction fees for payments made on the BILL platform.

Bottom line

BILL is a good alternative to Yooz for small business owners seeking a budget-friendly accounting automation solution. It provides a simple, intuitive interface and access to core accounting features that can be tailored to business needs. As your business grows, you can easily add more functionality to the BILL platform, making it a sensible long-term solution for growing small businesses.

3. Tipalti

Tipalti is a comprehensive cloud-based platform that streamlines financial processes for middle-market and enterprise businesses. It features advanced accounts payable processing and global payment features and a customizable and user-friendly interface, along with robust tax compliance and financial controls. 

Tipalti provides an automated accounts payable process that helps businesses build efficiency and facilitate cash flow management.

Key features

• Automated invoice capture and data entry, PO matching, vendor payments, and reconciliations.
• Self-serve supplier portal for onboarding and communications.
• Automated enforcement of policies and internal controls, audit trail, error detection, and role-based security.
• PO requisition management features to help companies control spending.
• Tax and regulatory compliance powered by a KPMG-approved tax engine.

Advantages

Multi-entity support

Tipalti supports multi-entity organizations by providing entity-specific AP workflows and the ability to monitor AP performance and data at a whole-company level.

Simple user interface

Tipalti’s user-friendly interface makes it easy for users to navigate the platform’s functions and streamline their financial operations. It lets users quickly access documentation, workflows, transaction data, and accounting records.

Pricing

Tipalti charges a per-month fee for access to its basic platform. It charges additional fees for added modules, features, and advanced functionality.

Bottom line

Tipalti is a noteworthy option for businesses seeking an AP automation and payment processing platform. It offers a customizable end-to-end solution, comprehensive internal controls, and flexible payment processing functionality to help businesses streamline their AP processes. In comparison to Yooz, Tipalti presents a strong alternative solution worth considering.

4. Airbase

Airbase simplifies and streamlines various business and finance processes, empowering customers to reduce costs and manage financial tasks. It offers a range of features, including a user-friendly interface, spend management capabilities, a flexible credit card program, and customizable service packages that can be tailored to suit individual needs. 

Airbase’s cloud-based solution is designed to cater to the unique requirements of mid-sized companies, enabling them to manage employee expenses, accounts payable, and procurement effectively. With Airbase, customers can seamlessly manage their finances while reducing risks.

Key features

Airbase offers packages that include various module combinations and features. Its core components are Guided Procurement, Accounts Payable, Expense Management, and Corporate Cards, which include AP automation features, including:

• OCR invoice processing and matching that automatically extracts vendor information, invoice details, and other information.
• Central management dashboard for accounts payable, expenses, and credit cards.
• Customized rules and multiple approval routing for expenditures.

Advantages

Corporate card spend management

Corporate card management is a key feature of Airbase’s platform. They offer flexible spend management features like card management, rewards and cashback programs, and detailed expenditure reports.

Flexible customer support

Airbase has multiple support customer channels, including email, online chat, and a knowledge base.

Pricing

Airbase offers three service packages. Certain features and modules are only available at higher-priced tiers, and pricing for each tier is customized according to customers’ needs.

Standard

Basic access to modules and special features for small and medium businesses (less than 200 employees).

Premium

Enhanced access to modules and greater functionality for medium-sized businesses (up to 500 employees).

Enterprise

Access to all modules and Airbase’s complete suite of features for enterprise businesses (up to 5,000 employees).

Bottom line

Airbase is an excellent alternative to Yooz for growing businesses that require an automated system for managing their expenses and accounts payable. It offers features to streamline financial processes, track expenses, and help businesses keep up with fast-paced growth.

5. Spendesk

Spendesk offers businesses an extensive range of tools for expense tracking and spend management. Its 7-in-1 spend management application empowers organizations to take control of their spending and streamline their financial processes effectively.

In November 2022, Spendesk added basic accounts payable process automation to its suite of corporate cards, employee expense management, budgeting, invoice approval, regulatory compliance, and reporting services. This enhancement is aimed to make Spendesk a more comprehensive solution for businesses looking to optimize their financial operations.

Key features

Spendesk’s AP automation solution includes several innovative features to give customers more control over their AP spending.

• Tools to track and monitor category-specific spending like office supplies and subscriptions. 
• Employees and vendors can upload invoices, receipts, and other documents from anywhere in the world through Spendesk’s centralized expense tracking system.
• Integration with QuickBooks Online, NetSuite, FreshBooks, Xero, and DATEV

Advantages

Supports business growth

Spendesk offers innovative features to help growing businesses manage expenses, credit card usage, and accounting functions.

Flexible and versatile expense management

Customers can access real-time reports on employee expenses, corporate cards, committed spend, and AP payments in one place with Spendesk’s spend management dashboard.

Pricing

Spendesk doesn’t post pricing information on its website. All prices are by quote only.

Bottom line

For small- and medium-sized businesses seeking a flexible and scalable solution to manage their accounts payable and spending requirements, Spendesk could be a viable alternative to Yooz. Spendesk offers innovative tools to streamline invoice management and payment processes, although it’s worth noting that it isn’t a traditional AP automation solution provider.

6. MineralTree

MineralTree is a centralized platform for accounts payable automation. Owned by Global Payments, MineralTree offers accounting automation services designed to help companies simplify their accounts payable processing while enhancing transaction visibility and control.

MineralTree’s AP automation software is designed to provide an efficient and streamlined approach to four key functions: invoice capture, invoice approval, payment authorization, and payment completion. It enables businesses to manage their accounts payable process anywhere, anytime, and from any device. 

Key features

• TotalAP: A suite of AP solutions, including invoice processing and verification, approval routing, and supplier payment automation.
• TotalPay: Invoice payment approval and automation.
• SilverPay: Virtual cards with a cashback program.
• Integrations: NetSuite, Microsoft Dynamics, Quickbooks, and others.

Advantages

Simplified payment reconciliation

MineralTree lets businesses reconcile payments during each payment run. By reconciling payments as they’re processed, businesses can close their books faster at month-end and quarter-end.

Real-time data transparency

MineralTree’s advanced analytics help customers gain valuable insights into their AP data to make informed spending decisions.

Pricing

MineralTree charges a per-invoice fee with two pricing tiers:

• Summary information: Vendor name, date, and amount.
• Line-level information: Summary information plus all line-level details.

Bottom line

MineralTree is an approachable AP automation solution that offers industry-specific solutions and integrates with major ERPs and accounting systems. With volume-based pricing and flexible service offerings, MineralTree is a great alternative to Yooz, especially for small- to mid-sized businesses looking for a scalable AP solution.

Do you need an alternative to Yooz accounts payable automation software?

While Yooz offers a great solution for streamlining accounts payable processes, several compelling alternatives cater to specific user needs and challenges: 

• Stampli is the leading solution specifically designed for accounts payable. It has a proven history of customer satisfaction. 
• BILL provides an affordable accounting and AP automation solution for small and growing businesses. 
• Tipalti is a good choice for companies needing to streamline their global payables automation.
• Airbase is an excellent choice for companies that want to enhance their spending management and corporate cards.
• MineralTree is a flexible and easy-to-use platform with a volume-based pricing model that appeals to smaller businesses.
• Spendesk provides a versatile all-in-one spend management platform with innovative AP spend management features.

These solutions all offer compelling alternatives to Yooz for AP automation and payment management.

Competitor Pricing

Pricing is a major part of deciding which AP automation solution fits your business best. Most providers don’t publish their pricing or only publish prices for certain products or components without disclosing the full cost of their solution.

When you’re considering an AP automation solution, ask for details about their pricing, including how the pricing is applied (per month/user/invoice), the length of the contract (monthly vs yearly), how many users, locations, or entities are included, what services are included, and what fees they charge for additional services. 

Simplify Accounts Payable processing with Stampli

Stampli brings everything related to AP into one place. 

Say goodbye to workarounds, spreadsheets, and manual ERP work, and hello to an efficient, AI-powered solution for AP automation.

Stampli enhances existing AP workflows without changing them, making AP management easier than ever. With all AP-related tasks centralized in one user-friendly interface, your communication, documentation, and workflows are simplified and easy to manage.

Automation features like Billy the Bot™ provide visibility and control over your AP processes and streamline manual tasks. With Stampli, you can stay on top of your finances and effortlessly manage your AP tasks.

Stampli`s versatile suite of integrated products and compatibility with over 70 ERPs makes for swift deployment, helping companies like Purple speed up invoice processing time by 63%.

Let’s talk about all the ways Stampli can help your invoice and payment management workflow. Contact us today for a free demo.