3 AvidXchange Alternatives For Evolving AP Teams

If you’re using AvidXchange to manage your AP process but still face challenges, it’s probably time to find an alternative. But finding that alternative takes time, and ultimately, it can be risky if the new software doesn’t solve your biggest challenges. 

Before you continue reading, ask yourself: Where does my AP team lose the most time? 

The best AvidXchange alternatives will depend less on a features checklist and more on the operational bottlenecks you’re trying to eliminate. Here, we offer three options that address various AP problems and help you focus on what truly matters. 

Key Takeaways

• AvidXchange is designed to automate the AP process from invoice receipt through payment.
• Tipalti combines AP automation with global multicurrency payments and tax compliance.
• Stampli is an AI-powered system for managing procurement, AP, vendors and payments.
• Mineral Tree is an AP and payments automation system used to process high volumes in multi-ERP environments.

Table of Contents

• Quick Comparison: AvidXchange alternatives
• Tipalti
• Stampli
• Mineral Tree
• Conclusion
• FAQs

Quick Comparison: AvidXchange alternatives

Before going on to a more comprehensive explanation of how the alternatives will meet your business needs, it is helpful to know whether they provide the core functions you expect from AP automation software. 

1. Tipalti

Best for solving: The challenges of global business expansion, including supplier payments, multi-currency transactions, and tax compliance. Tipalti provides unprecedented scalability without increasing the size of finance teams. 

If what used to be local or regional challenges have now evolved into international challenges, then the biggest reason for choosing an AvidXchange alternative is complexity. Evolving into a global operation by increasing staff numbers isn’t the most cost-effective option, especially given that platforms like Tipalti exist.     

Rather than focusing solely on invoice processing with basic automation, Tipalti is built to be an end-to-end solution for a seamless AP experience. It also simplifies global payments with built-in controls and compliance.  

Reduce administration and compliance burdens. With Tiplati, suppliers can onboard themselves through a secure portal. Documentation is submitted electronically, and basic compliance checks are done by the system. Preferred payment methods can be set up and verified immediately. Tipalti also centralizes all your supplier information in one place. This shifts your team’s focus from administration to oversight and quality. 

Global payments infrastructure. Tipalti supports payments in 190+ countries while using multiple payment methods. This includes ACH, global ACH (local bank transfer), wire transfer, PayPal, and paper cheque. Your staff does not call, fax or email to achieve any of this. Tipalti effectively removes payment barriers in your business. 

Advanced invoice management. Most AP systems can digitize your invoices, but Tipalti takes it further. Smart Scan adapts to invoice variations, reading from complex line items, tables and a variety of formats. At the same time, you are connected to global invoicing networks like Peppol, ensuring compliance with each country’s regulations. 

Why choose Tipalti over AvidXchange? Tipalti doesn’t just offer more features than AvidXchange. It transitions your AP operations into the international market without increasing your finance team. Tiplati provides the business with total management control and oversight, making financial decision-making easier. You can scale without worrying about system limitations. 

2. Stampli

Best for solving: Disconnected processes by unifying procurement, accounts payable, vendor management, and payments (global and international) through automation. 

As a business grows, a separate procurement and AP process starts to take its toll on key resources. When purchase requests come from one system, invoices arrive in another, vendor information is stored elsewhere, and approvals happen via email, you’ve got unnecessary steps causing your finance team headaches. While these processes work fine on their own, they don’t provide a cohesive AP process with detailed insights. 

Stampli was built to eliminate this fragmentation. 

Finance intelligence beyond the basics. Stampli’s AI has on $150 billion in spend across 70+ ERPs and performs 87% of finance work across 2700+ unique fields. [1] It has learnt to reverse engineer how people work and make decisions. This means it doesn’t just follow rules. It applies reasoning, thereby lifting the administrative burden off your finance team. 

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One touch point for every invoice. When the invoice-to-pay process doesn’t work, it’s rarely about tasks. Usually, it’s about communication. Stampli centralizes everything in one place, resulting in faster processing, stronger accountability and better decisions. Every invoice includes comments, approval history, and audit trails, ensuring you have all the information you need.

Vendor management begins before invoices enter the process. Stampli provides the vehicle for supplier onboarding. By facilitating onboarding, tax form submissions, verification of banking details and contract signing, Stampli empowers your finance team to ensure quality and faster vendor payments. Rather than following up on documentation and missing information, they can concentrate on building relationships with key vendors. 

Why choose Stampli over AvidXchange? If your biggest challenge is no longer touchless invoice processing, but getting a cohesive system in place where everyone is on the same page, then Stampli gives you a way to do that. 

3. Mineral Tree

Best for solving: High-volume invoice-to-pay bottlenecks across multiple ERP environments, by using AI automation and streamlining global workflows. 

You remember a time when your small finance team could comfortably manage every supplier invoice. One business unit. One accounting system. One approval process. Those days are long gone. Now you’re facing higher invoice volumes, multiple entities, different ERP systems, and disconnected workflows. At some point, adding more finance staff becomes cost-ineffective.  

Mineral Tree is built to solve this challenge. 

Rather than focusing solely on automated invoice capture, it is geared toward handling high volumes of invoices and payments. The best part about it is that you don’t need to replace your ERP systems because it integrates with most major accounting systems.

Enterprise-grade solutions in 130+ countries. Mineral Tree empowers your finance team to support global operations and shared services centers with complex workflows. The platform goes beyond accounts payable automation, enabling approval routing, global supplier payments, fraud detection, and vendor onboarding. 

ERP scalability without disruption. Expanding businesses often face the challenge of ERP integration, which can be difficult. Mineral Tree integrates with QBO, Sage, Xero, Microsoft Dynamics, Oracle, SAP and many other accounting platforms. This enables faster invoice processing and automated workflows without changing ERP systems. 

Geared for processing high invoice volumes. As invoice volumes grow, finance teams often find themselves spending more time managing the process than managing the business. MineralTree’s TotalAP platform is designed to solve these problems by standardizing invoice capture, approval routing, payment execution and audits. Your team is guaranteed consistency, no matter how many invoices they process. 

Why choose Mineral Tree over AvidXchange? If your challenges have shifted from invoice processing to maintaining consistent finance workflows, then Mineral Tree will meet that need. The platform’s objectives are greater visibility and stronger controls, even as the workload increases. 

If your biggest challenge begins before AP, then consider Envoice. It may be that you’re considering an AvidXchange alternative because your team is losing time even before transactions enter your general ledger. If you need to extract invoice data, scan receipts on the go, create expenses and route them via a quick approval workflow, then you might not need an alternative, but an effective add-on. In this case, a powerful automation tool like Envoice may solve your problem. 

Conclusion

Choosing an alternative to AvidXchange is about more than just plugging in another AP automation tool. As your business grows, your AP needs to evolve with it, and the answer isn’t always about increasing headcount. There are many good AP automation platforms that do the same thing, but they always differ in approach. Understanding the approach and whether it matches your business needs is often more important than features. 

If your biggest challenge is:

• Expanding internationally – choose Tipalti.
• Connecting procurement, vendor management and AP – choose Stampli.
• Standardize financial operations as the business grows – choose Mineral Tree.

FAQs: AvidXchange Alternatives

1. What are the best AvidXchange alternatives?

The best AvidXchange alternatives for your business will depend on the maturity of your AP process and business growth. Most AP automation solutions offer the same basic features, but beyond that, they are designed to facilitate specific business needs. Tipalti is suited for global expansion. Stampli helps businesses unify procurement, AP and vendor management. Mineral Tree is a strong option for businesses that process high volumes of invoices and need greater operational control over the entire AP process. 

2. Why would a business move from AvidXchange?

Businesses switch from AvidXchange when their AP process grows beyond a faster way to process invoices and set up approval workflows. Some expand into international markets and require global payment capabilities. Others need to connect their AP workflow to procurement and vendor management. Some AP automation tools have reached the limit of what the business can achieve with them, prompting them to seek a more robust AP solution. 

3. What should I look for when choosing a new automation platform?

When choosing a new automation platform, it can be helpful to ask: Where is my finance team losing the most time? This will help you identify your biggest operational bottleneck rather than comparing a feature list. Mid-market finance teams often struggle with rapid growth, requiring them to reevaluate their platform’s AP capabilities. Look for international payment management, vendor self-service portals, multi-entity collaboration, procurement integration and automated invoice approvals. This takes you beyond the basic AP tools. 

4. What’s the best pre-accounting automation platform?

One of the best pre-accounting automation platforms is Envoice. Envoice helps businesses of any size to eliminate manual data entry with its advanced OCR capabilities. The platform allows you to customize approval workflows, collaborate with suppliers and customers, prepare expense reports, and make payments via Wise. It is also one of the most affordable automation tools, with subscription fees of $7- $14 per month. 

References:

1. Stampli.com 

Produced by our content partners and reviewed by Envoice’s internal experts to ensure it reflects real accounting workflows and accurate product usage.