Compare ALTO Exchange vs AvidXchange vs Apruve

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Crozscore:

51%
what is this?
20%
interest falling

Crozscore:

84%
what is this?
80%
38%
interest rising

Crozscore:

80%
what is this?
81%
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no significant changes
ALTO Exchange screenshot view 3 more AvidXchange screenshot view 4 more Apruve screenshot view 1 more

Software Description:

Keep track of your project costs with electronic invoicing. Leverage dynamic discounting. Allow suppliers to manage invoice disputes, convert POs to invoices and the best part - it's free for suppliers.

Benefits:
Reduce invoice processing costs.
Take advantage of discounts and improve supplier relationships.
Improve accuracy and working capital management.

Track invoices on demand: Provide your suppliers with meaningful, clear and transparent information about their invoice status on demand. With ALTO Exchange, reduce time spent on calls, chats and email inquiries.
Convert POs to invoices: With just one click, your suppliers can receive and convert approved purchase orders to invoices.
Invoice compliance: Implement front end validation rules that fit your company's needs. Garbage in, garbage out. Receive only correct and valid information from your suppliers.

Software Description:

AvidXchange provides its users automated bill payment and invoicing platform by solving invoice capture, approval routing, and payments. The service's target group are midsize companies in the real estate, financial services, nonprofit, and construction.

The system captures electronically submitted invoices, pulls data from them, and automatically imports it into the system. This eliminates manual data entry work, reducing processing costs by 60% or more, making the entire process more efficient and more accurate. Additionally, users get other processes automated, such as approval, payment, reporting, and more.

This way, the invoices are being paid automatically, while the existing approval process is still maintained. The main benefits of this system are processing costs reduction, processes that scale for growth, control & visibility increase, and excellent support. Finally, AvidXchange easily integrates with many major accounting platforms, like NetSuite or Quickbooks.

Software Description:

STOP MANAGING AND FINANCING YOUR OWN CREDIT PROGRAM

Offer risk-free terms to your customers without any A/R overhead.

  • STREAMLINE A/R - Apruve manages your customer credit approval, invoicing, collections and payments.
  • IMPROVE CASH FLOW - You get paid within 24 hours of any invoice being generated. Your Days Sales Outstanding goes to 1.
  • REDUCE RISK - Collections? That's our worry, not yours. We take on the risk associated with offering payment terms.
  • BUILD LOYALTY - Offering credit binds you more tightly to your customer, encouraging repeat purchasing and long term loyalty.

You're Not a Bank, Stop Acting Like One

Extending terms to your customer leads to your own cash flow and collections issues. Apruve partners with third-party banks to finance your invoices, improve your cash flow and clean up your balance sheet.

Reduce Your Cost to Extend Credit

Apruve's software platform manages complex, cumbersome credit management tasks for you, driving down A/R costs through automation.

Features:

  • Billing/Invoicing
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • External Integrations
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications

Features:

  • SAP Integration
  • Payment Processor
  • Data Export
  • Data Import
  • CRM Integration
  • General Account Ledger
  • Notifications
  • Billing/Invoicing
  • External Integrations
  • Accounts Receivable
  • Accounts Payable

Features:

  • Accounts Receivable
  • Forecasting
  • Billing/Invoicing
  • Balance Sheet
  • Payment Processor

Summary:

  • Electronic invoicing

  • B2B

  • Cost reduction

  • Invoice compliance

  • Invoice tracking

  • Integration

  • Invoice submission

Summary:

  • Electronic Invoice Capture

  • Invoice Submissions by Email & Web

  • Automated Email Confirmations to Vendors

  • Custom Invoice Approval Workflows

  • Custom Payment Approval Workflows

  • Invoice Tracking

  • Audit Trail

  • Status Tracking

  • Central Data Repository

  • Accounting System Integrations

Summary:

    No key features associated with this application.

Pricing:

  • Credit card required: No
  • ALWAYS FREE TO SUPPLIERS, + 2,500 register suppliers and counting!

    Allow your suppliers to submit your invoices with a front-end validation to ensure the invoices been received are in compliance with your company invoice payment process and procedures and avoid duplicated invoice entry. Reducing manual errors and processing costs for you and your suppliers.

FAQs:

    What is this service generally used for?
  • Creating seamless integration between suppliers and producers. Allowing suppliers to submit their invoices electronically while providing transparency in the invoice approval status and progress.

  • Who are the main user groups of this service?
  • Currently, our main customer is a mid-sized oil and gas business and the suppliers register to transact (submit their invoices through our portal) goes from enterprise business, mid-size, small company and even self-owned business. We allow our clients and supplier the level of integration they fell comfortable with allowing our platform to be suitable for all business sizes, industries, and users.

  • What platforms does this service support?
  • Our system is web based currently optimised for mayor latest release browsers.

  • What are some applications this service is commonly used in tandem with?
  • Financial systems and accounts payable workflow.

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes

  • Does this service offer guides, tutorials and or customer support?
  • Yes, we provide live online training and have a customer support helpdesk that provides users with self-serve training through our knowledge base including steps and videos. Chat, email and phone support available.

  • Does this service integrate with any other apps?
  • Yes, ALTO Exchange is just one of our modules. It integrates with our ALTO Suite of products:
    • ALTO Upload: We are not limited by data formats or systems
    • ICG: allows organizations to simply choose their preferred level of integration from manual data entry, Excel upload, to XML batch integration
    • ALTO Accounts Payable: Invoice approval workflow. Streamline complex invoice handling processes from receipt to payment.
    • ALTO eProcure: Request bids, manage contracts, process PO's
    • ALTO Xpend: Improve controls with our T&E web-based expense management solution with mobile receipt capture, automated expense report creation, and flexible workflows.

FAQs:

    Does this service offer guides, tutorials and or customer support?
  • Support: Online Support, Phone Support, Email Support, Webinars, Videos.

  • Does this service offer an API?
  • No.

  • Does this service offer multi-user capability (e.g. teams)?
  • No.

  • What is this service generally used for?
  • This service is generally used as automated bill payment and invoicing solution.

  • Who are the main user groups of this service?
  • Main users of AvidXchange are midmarket companies spanning multiple industries including Construction, Nonprofit, Energy, Financial Services, and Real Estate.

  • Does this service integrate with any other apps?
  • Integrations: Abila, AccountMate, Acumatica, AMSI, BankTel, BJ Murray, Blackbaud, Caliber Software, CenterSoft, ComputerEase, CTI, Data Plus, Deltek Vision, Entrata, FinancialForce, Fiserv, Harland, Home Grown Systems, Hotel InvestorApps, Integrated Business Systems, Intacct, Oracle JD Edwards, Jenark, Lawson, MDS, Microsoft Dynamics, MRI Software, NetSuite, Open Systems Inc., Oracle, QuickBooks, Realpage, Rent Manager, SS&C Skyline, SOS Corporation, SouthWare, Spectrum, TOPS Software, Viewpoint, Yardi.

  • What platforms does this service support?
  • This is a web-based software.

  • What are some applications this service is commonly used in tandem with?
  • It is commonly used in tandem with accounting systems.

FAQs:

    Who are the main user groups of this service?
  • Apruve is commonly used by B2B Ecommerce companies. Apruve is a partner of Magento, Shopify, Spark Pay, Websphere, CIMM2, WooCommerce and FoxyCart

  • Does this service offer guides, tutorials and or customer support?
  • Yes, Apruve has a full customer service, tutorials and training.

  • What is this service generally used for?
  • Apruve is a great solution for B2B Ecommerce users that would like their customers to still buy using terms but would prefer not taking on the financial risk or process of collections.

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes, it will allow for sellers and buyers multiple users.

  • Does this service offer an API?
  • Yes.

  • What are some applications this service is commonly used in tandem with?
  • Apruve is a partner of Magento, Shopify, Spark Pay, Websphere, CIMM2, WooCommerce and FoxyCart

  • What platforms does this service support?
  • Apruve is a partner of Magento, Shopify, Spark Pay, Websphere, CIMM2, WooCommerce and FoxyCart

Publisher:

Founded:
-
Based in:
Calgary
Employees:
11-50
Likes:
131
Followers:
631

Publisher:

Founded:
-
Based in:
-
Employees:
-
Likes:
1.65k
Followers:
2.09k

Publisher:

Founded:
-
Based in:
Minneapolis
Employees:
11-50
Likes:
Followers:

Other:

Who uses ALTO Exchange
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
  • Windows
  • Macintosh
Mobile Platforms:
  • iOS
  • Android
  • WinPhone
  • Blackberry
Languages:
Spanish, English
Regional Restrictions:
No restrictions.

Other:

Who uses AvidXchange
  • SMEs
Desktop Platforms:
  • Web App
Languages:
English
Regional Restrictions:
No restrictions.

Other:

Who uses Apruve
  • Enterprises
Desktop Platforms:
  • Web App
Languages:
English
Regional Restrictions:
No restrictions.
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