The Pros and Cons of AI Accounts Payable
Most businesses need to deal with invoices and payments, but the process can be time-consuming and cumbersome. This is where automation comes in handy.
Bill.com, Stampli, Beanworks, and inBuild are some of the most popular invoice management software solutions that can help businesses save time and streamline their payment processes. But which one is the best option for your business?
In this article, we will compare the pros and cons of Bill.com, Stampli, inBuild, and Beanworks to help you decide which tool is best for your business needs.
Pros and Cons
Bill.com has a more direct approach towards pricing and has listed it out on its website. That allows users to make their decision in a more informed manner. Stampli, on the other hand, offers a personalized quote to its users which might be a better option for those who want a more customized pricing solution. Beanworks offers a free trial with limited features and then charges $39 per month. inBuild offers a 60-day risk-free trial, requiring no payment or subscription information, this gives you the flexibility to integrate inBuild into your accounts payable workflow, while shouldering none of the risk associated with expensive new software.
All four tools offer basic features such as automated payment processing, vendor management, and accounting integration. However, Bill.com and Stampli offer additional features such as approval workflows and early payment discounts which might be beneficial for businesses with a more complex payment processes. While these services cater to all, inBuild is more focused towards serving general contractors and custom home builders. The project budget and accounts payable workflows are ready to go from the outset, meaning there's no lengthy setup process. This means that while inBuild cannot currently offer an accounts payable solution for a generalized business, we are already leading the pack for an accounts payable solution that makes sense for the industry.
Ease of use
Reviewers found Stampli easier to use, set up, and administer when comparing the two solutions. Stampli was also rated highly by reviewers. However, some users did find the user interface to be a bit dated. inBuild is designed to be used by businesses of all sizes, so it’s easy to set up and use. The software is also cloud-based, so users can access it from anywhere. The interface is simple and straightforward, making it easy for users to find what they need.
Bill.com offers 24/7 phone and email support, as well as a knowledge base and online community. Stampli also offers 24/7 phone and email support, as well as a knowledge base and online community. Beanworks offers email and live chat support during business hours. inBuild offers 24/7 customer support with live video, chat, and phone support.
All four tools offer basic features such as automated payment processing, vendor management, and accounting integration. However, Bill.com and Stampli offer additional features such as approval workflows and early payment discounts which might be beneficial for businesses with a more complex payment process. inBuild and Beanworks offer similar features such as automated invoice processing and payment reminders which can be helpful for businesses of all sizes.
In our experience, inBuild has the most comprehensive set of features, is the easiest to use, and offers the best customer support. Consider signing up for a live demo with our team to see how inBuild can supercharge your accounts payable process.