13 Best Accounts Payable Software Solutions to Automate AP 2025

Built for flexibility, Acumatica is ideal for mid-sized healthcare providers that want to digitize their financial operations without sacrificing customization. https://dev-bankaiamv.pantheonsite.io/2021/06/21/small-business-bookkeeping-basics/ A single misstep, such as incorrect insurance details or coding errors, can stall payments for weeks or even months. Hospitals lose an average of 2% to 5% of net revenue due to inefficiencies in revenue cycle management, making it a crucial aspect of financial stability. With Tipalti’s Mass Payment solution, Legends of Learning has reduced payment processing time from one day to 30 minutes. DOKKA stores all your AP documents, like invoices, POs, and receipts, in one central cloud-based archive. The repository has an interface similar to Google Docs, so your team can quickly get up to speed and find any file.

• These solutions provide a coordinated system for ensuring AP automation for tasks such as invoice processing, payables approvals, and executing payments.
• AP software uses AI-driven data capture to instantly read invoices, eliminating manual data entry and dramatically reducing errors.
• Today’s healthcare finance leaders are expected to do more with less, but outdated accounts payable systems are holding them back.
• Make a list of must-have versus nice-to-have features, then evaluate each platform against your specific requirements.
• Engaging finance teams, administrative personnel, and other stakeholders during this process helps pinpoint critical functionalities required in the software solution.
• Sage Intacct is ideal for mid-sized to large enterprises looking for scalable accounts payable automation software with robust reporting and management features.

AI in Accounting: From Curiosity to Pragmatic Adoption

When those payments finally do healthcare accounts payable automation come in, you can rest easy knowing your general ledger is up-to-date. While traditional revenue reporting often stops at high-level summaries, EMR360 lets you drill into individual patient revenue records. This means faster audits, streamlined reconciliations, and fewer billing or insurance discrepancies.

• QuickBooks targets small and medium-sized businesses seeking efficient accounts payable automation software to streamline financial processes and improve cash flow visibility.
• A real-time payment approval workflow is essential in the best accounts payable automation software.
• With BILL’s structured and straightforward approval workflows, you can clearly define who approves which payment.
• When those payments finally do come in, you can rest easy knowing your general ledger is up-to-date.
• Your accounts payable automation software eliminates manual invoice processing, lowers the risk of human errors, and prevents late payment penalties.

Best Accounting Software for Healthcare Organizations

As well as simplifying currency exchange, it also automates compliance forms (sales tax, VAT, 1099s, etc.) and approvals. However, unless you really need these features, you may struggle to justify investing in Tipalti. Designed for both single-location practices and expanding, this resource guide will show you how to streamline your financial operations, enhance precision, and unlock greater overall organizational efficiency. The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC, and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC. While you might want years of history in the new software, first focus on active vendors and open invoices.

• Tipalti offers global support, including international payment capabilities and tax compliance features.
• Without effective financial accounting practices, mismanaged finances can lead to operational inefficiencies, budget deficits, or even financial instability.
• Be sure to inquire about hidden fees and request a detailed pricing breakdown before making a decision.
• On the other side, organizations can also ensure that any cash leaving the organization is well-timed and well-spent.
• Insurance claims and patient billing should use an ERP or integrated healthcare system, providing accuracy and timeliness with integration of related software systems.
• Overall, it’s a good fit for mid to large-sized businesses dealing with global payment operations.

How accounting software improves financial health for medical practices

One third-party integrated healthcare industry solution is healthcare accounts payable automation. Despite the benefits of automated systems, some healthcare organizations continue to resist changing their existing accounts payable processes. According to PayStream Advisors, absence of a budget, the perception that current processes are working, and lack of understanding about available solutions are the chief barriers trial balance to adoption. Upgrading the accounts payable system may also not be as top-of-mind as other financial priorities, taking a back seat to efforts such as revamping patient collections and streamlining payer reimbursement. For many healthcare organizations, accounts payable remains a mostly paper-based endeavor. 1 If they do use an electronic invoicing system, it is often difficult to configure or outdated—coming as a built-in part of their enterprise resource planning (ERP) tools.

Keep Accurate Payment Records

Suppliers are dealing with paper not only when receiving checks from healthcare organizations, but also when sending out invoices. Workday is a cloud-based ERP focused on human resources and financial management, with healthcare-specific capabilities. As of 2025, the demand for robust, scalable, and HIPAA-compliant ERP systems continues to grow, with healthcare organizations seeking solutions tailored to their unique needs. By exploring the features, integrations, and benefits offered by these leading accounting software providers, you’ll be equipped with the knowledge to make an informed decision.

These solutions provide a coordinated system for ensuring AP automation for tasks such as invoice processing, payables approvals, and executing payments. Accounts payable can also be used as a subset of a larger accounting software solutions for managing financial data. The available features tie in closely with other core accounting modules, such as accounts receivable and a general ledger. It enhances financial organization with detailed reports and simplifies client management. This top accounts payable automation software ensures small businesses can manage their finances effectively. Volopay has a G2 rating of 4.2/5, showcasing its exceptional capabilities as one of the best accounts payable automation software solutions for businesses seeking efficiency, scalability, and advanced features.

Automating invoice-to-payment workflows eliminates manual tasks like coding invoices, chasing internal approvals, and making late payments. MineralTree’s cloud-based solutions, TotalAP and TotalPay, help businesses process invoices efficiently, improve payment security, and reduce B2B payment costs. BILL is a leading AP automation platform designed to streamline accounts payable for small and midsize businesses, as well as accounting firms.