Top 11 Tools for AP and Invoice Automation for NetSuite

Here, we will review the top tools for AP and Invoice Automation for NetSuite. Compare their features to find the best tool for your business:

AP and Invoice Automation for NetSuite gives you greater efficiency. It makes you do lesser work and also there will be fewer mistakes.

These solutions extend the capabilities of an existing NetSuite solution by providing the features like smart document recognition for key data and automation of document indexing as well as data entry. They will automatically extract the information for you.

These solutions that can be integrated with NetSuite have capabilities to capture, process, and deliver the data to NetSuite. It contains the features and functionalities of automated document management, robust AP automation, OCR smart invoice capture, general ledger distribution, and approval workflows.

AP and Invoice Automation for NetSuite

The below image shows some more details of this research:

Benefits of integrating the accounts payable processes with the ERP

Accounts Payable and Invoice Automation for NetSuite will give you a centralized and scalable solution. Similarly, the below image shows the top benefits of integrating the AP processes to your ERP:

Integrating an AP and Invoice automation solution like PairSoft with NetSuite provides three business-boosting benefits:

1. Speeding up the onboarding and training of new employees.
2. It makes departments, teams, and employees collaborate easily. It helps to boost transparency and cooperation within the organization.
3. It provides everything in one place and hence eases accessibility.

List of the Top AP and Invoice Automation Tools for NetSuite

Popular AP and Invoice Automation tools list:

1. PairSoft.com (Recommended)
2. DocuPeak (Recommended)
3. DOKKA (Recommended)
4. Stampli
5. AvidXchange
6. Beanworks
7. Tipalti
8. Vision360 Enterprise
9. Palette
10. Fast Four
11. Paystand

Comparison of the Best AP and Invoice Automation Tools

Detailed Review:

#1) PairSoft.com (Recommended)

Best for 3-way invoice making, detailed audit trail, and intelligent OCR technology.

PairSoft offers integration with Oracle NetSuite and several other leading technology platforms. It helps you with storing the documents in a centralized and secured repository. This NetSuite integration has smart document recognition capabilities for key data. It can automate document indexing and data entry.

PairSoft gives you the centralized procure-to-pay solution. It is a scalable solution and can grow with your business.

Features:

• PairSoft offers the features for the automatic routing of documents with a predefined, role-based review and approval process.
• Its DocuPeak solution contains the functionalities for automating the document processing in AP, AR, fulfillment, or custom processes with AI, business rules, and RPA.
• It contains general ledger distribution features, OCR, smart invoice capture, Robust AP automation, and automated document management.

Verdict: PairSoft offers a solution that fits your organization’s unique needs and features requirements with flexible and affordable pricing plans. It makes the business transactions more efficient with the capabilities like the automatic routing of documents.

Price: You can get a quote for pricing details. The price is based on the number of documents or transactions. It supports unlimited users as well as storage across the platform. It also provides free ERP integration, unlimited technical support, and ongoing updates.

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#2) DocuPeak (Recommended)

Best for automating the AP process from start to end.

DocuPeak gets directly integrated with NetSuite. This integration helps to eliminate manual data entry. It streamlines approval workflows and increases document visibility. It contains the functionality for building electronic workflows and provides seamless and out-of-the-box integration with NetSuite.

DocuPeak is a platform for automating the AP process from start to end. It contains capabilities for importing documents, validating accuracy, sending files to NetSuite, extracting data, and getting approvals.

Features:

• DocuPeak has the features for capturing and storing the documents automatically in the secure & cloud-based repository.
• Your invoice approval process gets accelerated through electronic workflows.
• You can capture invoices in any format.
• It makes searching and reviewing documents easier.
• It provides the features to monitor document changes and approvals.

Verdict: DocuPeak helps with finding mistakes and unauthorized activities with the documents through the capabilities like creating a paper trail. As it directly integrates with NetSuite, searching and retrieving documents becomes effortless. NetSuite + DocuPeak will make your accounts payable run on autopilot.

Further Reading => Most Popular Invoice Creators you Should Know

Price: You can get a quote for pricing details. The price is based on the number of documents or transactions. It supports unlimited users as well as storage across the platform. It also provides free ERP integration, unlimited technical support, and ongoing updates. Pairsoft.com/pricing

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#3) DOKKA (Recommended)

Best for AI-driven AP automation.

DOKKA is yet another tool on this list that seamlessly integrates with NetSuite, and as a result, delivers exceptional AP and invoice automation capabilities. The software facilitates direct 2-way integration with NetSuite. As such, you’ll be able to go live with the tool 7-14 days. Once deployed, DOKKA gathers invoices automatically from email and other data sources.

Powered by an advanced AI, the solution automatically identifies duplicate invoices and deletes them immediately. You can also rely on the tool to set custom invoice approval workflows. As a result, the tool automatically sends approval requests to relevant people based on data contained in the invoices.

Features:

• AI-based data processing and parsing
• Automated Journal Entry
• Smart Document Management
• Automated Approval Workflows
• Automated Invoice Sourcing

Verdict: DOKKA works well with NetSuite to automate your entire invoice and AP process from start to finish. It does so with the help of a proprietary based AI tech. It is also highly scalable, and as such, earns a much deserved spot on this list.

Price: You’ll need to contact the DOKKA team for a quote. Alternatively, you can request a free demo.

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#4) Stampli

Best for processing and paying vendor bills for NetSuite customers.

Stampli offers the AP automation solution for Oracle NetSuite. You will get the most powerful way for processing and paying vendor bills for NetSuite customers with this solution. It is available as API integration.

Features:

• Stampli has features for automatic syncing of GL accounts, vendors, departments, locations, etc. from NetSuite to Stampli.
• After the approval of the invoice in Stampli, you will get the vendor bill on NetSuite.
• It supports single/multiple POs with adjustable line-level details.
• It includes the capabilities of real-time sync of receiving status.

Verdict: Stampli gives smart paperless AP, payment freedom, and fraud prevention. It gives visibility and control of all invoice activities through the reports, dashboard, and audit-ready history.

Price: You can get a quote for pricing details.

Website: https://www.stampli.com/

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#5) AvidXchange

Best for cloud-based invoice management and payment automation tools.

AvidXchange is the accounts payable software that supports integration with Oracle NetSuite. It has capabilities for automating the invoice as well as payment processes for mid-sized businesses. It supports multiple payment methods. The solution will be accessible from anywhere.

Features:

• AvidXchange offers the features for the secure and efficient management of payment solutions.
• It supports more ways to pay suppliers through the AvidPay Direct and AvidPay check.
• The solution will let you impose your existing business rules and set permissions.

Verdict: AvidXchange is an AP and payment automation application that can be easily integrated with Oracle NetSuite. It is a user-friendly and flexible tool. It will give you 100% electronic invoices and payments.

Price: You can get a quote for pricing details.

Website: https://www.avidxchange.com/

Further Reading => Most Popular AvidXchange Alternatives

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#6) Beanworks

Best for seamless integration with NetSuite. It offers functionalities like approval delegation.

Beanworks provides a solution for automating the accounts payable process that can seamlessly integrate with NetSuite. It has capabilities to automate all the AP processes, from purchase orders to payments. It works by receiving & coding your invoices, emailing them for approval, and syncing them into NetSuite.

Features:

• Beanworks has capabilities for coding the invoices of multiple currencies.
• It allows you to match the imported payments to invoices.
• Multiple ERPs can be connected to a Beanworks instance.

Verdict: Beanworks provides a NetSuite Accounts Payable automation solution. You can import any list in Beanworks that is required for creating an AP invoice.

Price: Beanworks offers the solution with four pricing plans, Starter, Pro, Premium, and Enterprise. You can get a quote for pricing details.

Website: https://www.beanworks.com/

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#7) Tipalti

Best as a transformative and scalable AP solution.

Tipalti offers a global account payable automation solution for NetSuite. It provides an intelligent and integrated vendor portal. All the necessary information like bank details and tax identification get captured through this portal. It will let you pay global suppliers.

Features:

• Tipalti has an integrated self-service supplier portal.
• It supports 196 countries and 120 local currencies and helps you to pay global suppliers.
• Automatic reconciliation of payments into NetSuite.
• It supports touch-less invoice workflow.

Verdict: Tipalti is the global accounts payable automation solution for NetSuite and will let you pay global suppliers. It is an easy as well as a secured tool.

Price: The price for the platform starts at $149/month.

Website: https://tipalti.com/

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#8) Paramount WorkPlace

Best for invoice automation with smart OCR.

Paramount WorkPlace is an invoice automation solution for NetSuite. It makes use of powerful OCR technology and can recognize invoices and capture the data to the line level. Its workflow dashboard gives instant insights. It provides complete visibility into budget details and a 360º view of all the KPS and metrics.

Features:

• Paramount WorkPlace has AI capabilities for smart OCR invoice capture.
• It provides PunchOut capabilities that enable users to shop from eCommerce sites.
• It allows configuring the workflows as per your requirements
• It offers the functionalities for automating the PO processes.

Verdict: Paramount WorkPlace gives seamless, out-of-the-box, and real-time integration with NetSuite. Its automation and workflow capabilities will reduce the processing costs.

Price: You can get a quote for pricing details.

Website: http://get.paramountworkplace.com/lp/paramount-workplace/

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#9) Vision360 Enterprise

Best for streamlining invoice matching, coding, and approvals.

Vision360 Enterprise is an account payable automation solution for NetSuite. It has functionalities for streamlining invoice capture and smartly routing invoices for approvals and enables intelligent matching and invoice coding. It performs the seamless transfer of invoices to the NetSuite ERP system.

Features:

• Vision360 Enterprise provides 100% visibility to supplier invoices.
• It can capture email invoices electronically.
• It offers powerful coding tools.
• Its data validation engines ensure accuracy.

Verdict: Vision360 Enterprise eliminates the need for data entry. It can create efficiency reports instantly. The solution eliminates the paper invoices from your AP process. It improves productivity and reduces labor costs. BlueCreek Software can provide a variety of viable solutions that can solve business problems and challenges.

Price: You can get a quote for pricing details.

Website: https://www.bluecreeksoftware.com/

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#10) Palette

Best for achieving flexible approval workflows and automated invoice processing & PO matching.

Palette NetSuite AP Automation solution offers the tools for flexible approval workflows, automated invoice processing, automated PO matching, etc. It makes use of an automated workflow and central dashboard to give automated invoice reminders for NetSuite for PO as well as Non-PO invoices.

Features:

• Palette’s invoice data capture capabilities perform quick and efficient capturing of data.
• It provides automatic invoice reminders.
• It supports viewing and approving invoices on mobile, laptop, or email.
• It has a unique cascading matching system.

Verdict: Palette makes audit processes faster. Compliance standards for the entire organization will get raised with the use of this solution. Its Archive & Audit capabilities will give a detailed documented history of recorded invoice transactions.

Price: You can get a quote for pricing details.

Website: https://www.palettesoftware.com/

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#11) Fast Four

Best for automating the processing of bills. It has the capabilities for capturing all fields and extending existing NetSuite workflows & customizations.

Fast Four is an account payable automation solution for NetSuite. Fast Four’s scan & capture removes manual entry and can manage processes in NetSuite without any third-party interfaces. It is a native solution and works completely within NetSuite. It has functionalities for automating the creation of bills & credits.

Features:

• Fast Four supports all existing customizations and workflows.
• It makes use of OCR and AI to create transactions.
• It provides a split-screen view for viewing the documents that are related to a transaction.
• It has a transaction dashboard that will help you with matching.

Verdict: Fast Four is a native solution and made only for NetSuite. It has capabilities for recognizing factors like vendor layout, transaction data, PO reference, etc. These capabilities reduce the administrative efforts and eliminate errors.

Price: The price for the solution starts at USD 0,38.

Website: https://fastfour.com/

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#12) Paystand

Best for integrating payments directly in NetSuite.

Paystand offers the solution for integrating payments directly in NetSuite. It gives flexible payment modules that help with customizing the accounts receivable process according to business requirements. It has a centralized dashboard that will help you with managing payments, refunds, collections, etc.

Features:

• Paystand supports all types of payments such as direct bank transfer, credit/debit cards, etc.
• It has functionalities to streamline invoicing and collections.
• It has capabilities for automating the cash application, revenue recognition, payment reconciliation, and reporting.

Verdict: Paystand is a solution for extending the payment functionality into NetSuite. It supports all types of payment methods. It gives a fully customizable payment experience. Paystand provides robust ERP integrations.

Price: You can get a quote for pricing details.

Website: https://www.paystand.com/

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Conclusion

Integrating AP automation solutions like PairSoft with an ERP will not only speed up the onboarding process for new employees but also help the departments and teams to work in sync.

Also, integrating Enterprise Content Management (ECM) systems like DocuPeak with an ERP solution gives teams a unified user experience and interface. These solutions are for increasing work efficiency with a single unified platform.

We hope this article will help you find the right tool for your business.

Research Process:

• Time taken to research and write this article: 27 Hours.
• Total tools researched online: 35
• Top tools shortlisted for review: 11