Managing invoices can be a little challenging, especially when you run a large enterprise. You need to print and send invoices to clients, printing almost every minute. With this situation, forgetting or getting confused with which client you should send the invoice is inevitable. For this reason, experts developed invoice management software to help you organize and send your client’s invoices with just easy clicks.


13+ Invoice Management Software

1. SAP Concur

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Rating: 5/5

Price: FREE

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2. Bill.com

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Rating: 5/5

Price: $39/month

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3. Stampli

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Rating: 5/5

Price: Custom

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4. Spendesk

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Rating: 5/5

Price: Custom

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5. Replicon

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Rating: 5/5

Price: $5/month

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6. Airbase

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Rating: 5/5

Price: FREE

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7. Webexpenses

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Rating: 4.8/5

Price: Custom

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8. Plate IQ

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Rating: 5/5

Price: Custom

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9. Beanworks AP Automation

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Rating: 5/5

Price: Custom

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10. SAP Ariba

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Rating: 5/5

Price: Custom

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11. AvidXchange

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Rating: 4.7/5

Price: Custom

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12. MineralTree

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Rating: 4.7/5

Price: Custom

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13. Checkbook

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Rating: 5/5

Price: $499/month

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14. Compleat Software

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Rating: 5/5

Price: Custom

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What is Invoice Management Software?

Invoice management software is a billing software tool to assist you with your billing and invoicing. It is a technological tool that provides the features and functionalities required to manage the finances and bills of your business. Reminders, client records, and other more critical aspects for billing and invoicing are all available. Undeniably, organizing all the records of bills and determining the clients that need to pay can be challenging. Luckily, you can use invoice management software to remind you and show your clients all details regarding their payment. Continue reading below for recommendations of invoice management software.

Benefits

Manually doing and managing invoices is undeniably stressful and a lot of work. It is a lot of work that needs an impressive amount of attention to give and send accurate bills to your clients; with invoice management software on hand, you can put your client’s record and invoice in one app. You can review and remind your client just tapping your device. You can also get notifications reminding you of your task.

Features

Technology firms provide different features and functionalities. Other features may not be compatible with your field of business; that is why it is crucial to test them before actually buying them. Invoice management software platforms may offer free and advanced premium features. Other platforms provide all premium features but enable free trials over a certain period. To not waste your money, research and asses them to invest in the best invoice management software perfect for your business. The following are examples of features most users find valuable and helpful:

Top 10 Invoice Management Software

1. SAP Ariba

SAP Ariba has annual revenue of $649 million and 4476 employees. SAP Ariba includes features such as inventory management, discount management, shipping management, returns management, and many more.

2. SAP Concur

SAP Concur has annual revenue of $247.6 million with an employee count of 5.0-10 thousand people. SAP Concur, developed by SAP, includes cash management, check writing, business dashboard, and many more valuable features.

3. Bill.com

Bill.com provides software with artificial intelligence and machine learning for bet experience. They offer features including contingency billing, billing portal, accounts payable, and many more, with annual revenue of $124.7 million and 959 employees.

4. Replicon

Replicon includes features like activity tracking, billing & invoicing, multiple billing rates, automatic time capture, and many more. Replicon has annual revenue of $83.8 million and 578 employees.

5. Spendesk

Spendesk has annual revenue of $34.7 million and 267 employees. Features such as payment reconciliation, data visualization, multiple currencies, and real-time reports are examples of the characteristics they offer.

6. Stampli

Stampli has annual revenue of $13.9 million and 114 employees. Stampli provides features such as fraud detection, invoice processing, approval process control, and many more.

7. Beanworks AP Automation

Beanworks AP Automation, developed by Beanworks Solution, has annual revenue of $13.8 million and 95 employees. They provide features such as aging tracking, expense tracking, check writing, and many more.

8. Airbase

Airbase has annual revenue of $13.5 million and 104 employees. Airbase is a spend management platform available to businesses of all sizes, with features such as 1099 preparation, bank reconciliation, budgeting/forecasting, and many more.

9. Plate IQ

Plate IQ has annual revenue of $12.2 million and 112 employees. Plate IQ is an AP automation platform that assists you with invoice management, billing, and business data insights.

10. Webexpenses

Webexpenses has annual revenue of $10.2 million and 70 employees. They provide features such as online booking, booking management, data extraction, and many more.

FAQs

What is the significance of invoice management?

Maintaining a business entails keeping track of every critical aspect of the operation, including, of course, invoice management. Invoice management is a process where you manage the billing and invoicing of your client’s payment. High-quality invoice management motivates consistent cash flow, alleviates accounting headaches, and saves you time.

What exactly is billing software?

The billing software allows you to track the products and services your customers use, generate and send invoices with, and receive payments. Different invoice management software platforms offer advanced features that enable you to do more with less work. Such software provides convenient methods by presenting a dashboard, alert/notification, invoice generator, and many more.

How do you keep track of an invoice?

Keeping track of the invoices is challenging. Possibilities such as getting invoices mixed, misplaced, and even thrown away accidentally are a hassle. That is why if you do your invoices with papers, it is essential to put them through a filing cabinet with titled invoices. You can also use invoice management software to avoid these hassles and save time.

As you are already aware, invoices play a critical role in your business. They are the instrument you show to your clients containing the payment they need to pay. Since money is an important asset, they tend to check the details of their invoices to see whether they paid the right amount of their purchased goods and services. For this reason, it is crucial to provide high-quality invoices that can improve your business reputation and customer satisfaction. Choose the best invoice management software for you.


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