Top 10 Accounts Payable and Receivable Solution Companies in APAC - 2019
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Top 10 Accounts Payable and Receivable Solution Companies in APAC - 2019

Technology has played a pivotal role in moving accounts payable and receivable to the next level of performance. Today enterprises are stuck in handling the growing number of invoices. Without the right automation solutions in place, it is beyond the capability of an accounts team member to manually input, verify, and send invoices for approval.

In the case of the accounts receivable department, fintech is starting to take off with many useful innovations. With predictive cash forecasting, an algorithm can be used to regulate how much cash will be coming in. The algorithm will be based on past data patterns showing which customers are most likely to pay and when. New technology allows users to automate email collections, text message collections, collection phone calls and more. Embracing automated procedures and intelligent systems can ultimately minimize human errors in processing, thanks to its pre-coded rules. Accounts payable automation is one of those accounts payable trends that have been around for some time now, even if many enterprises are yet to implement automation technology. Automating accounts payable process will be a necessity to compete in today’s increasingly digital and fast-moving business climate.

With over hundreds of accounts payable and receivable software solution providers in the industry today, finding the right solution is often critical for businesses. CFO Tech Outlook’s editorial board has selected the most prominent companies with the ability to develop innovative technologies while offering outstanding computing speed. In our selection process, we looked at the vendors’ capabilities to fulfill the need for cost-effective and concrete solutions that add value to the accounts payable and receivable landscape. In this edition of CFO Tech Outlook, we bring you the “Top 10 Accounts Payable and Receivable Solution Providers in APAC – 2019”.

Top Accounts Payable and Receivable Solution Companies in APAC

Basware is the global leader in providing networked source-to-pay solutions, e-invoicing, and value-added services. The enterprise’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As one of the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Purchase-to-Pay, Invoice automation, procurement, financial automation, e-invoicing, travel & expense management, supplier collaboration, accounts payable automation, B2B transactions, and financing services are some of Basware’s key offerings

basware.com

Established in 2001, EML is a provider of payment solutions. With EML’s solutions, businesses will be empowered with more control, transparency, and flexibility over the payment processes. Whether one serves businesses or consumers, EML makes the payment process more efficient and secure from start to finish, while helping them improve customer service and increase brand loyalty. EML’s portfolio offers innovative payment technology solutions for payouts, gifts, incentives and rewards, and supplier payments. In addition, the enterprise issues mobile, virtual, and physical card solutions to some of the largest corporate brands around the world

emlpayments.com

As one of the leading shared supply chain collaboration platforms, SupplyOn connects organizations and their global business partners and ensures that the entire P2P process is managed online quickly and transparently. SupplyOn specializes in accomplishing supply chain success for the manufacturing industry and covers industry-specific features in the automotive, aerospace, railway and engineering industries. Having a rich experience in rollout strategy, SupplyOn is on its way to becoming one of the biggest collaboration ecosystems in the world with more than 65,000 enterprises. The company’s dedicated team helps customers efficiently setup foolproof payment rollout strategies

supplyon.com

ABBYY

ABBYY

Thousands of organizations globally and more than 50 million people from over 200 countries and regions use ABBYY products, technologies, solutions, and services. At the core of ABBYY products are Artificial Intelligence principals, which require extensive scientific research. The company has one of the largest global research centers in Artificial Intelligence: more than 500 scientists, engineers, and linguists work in ABBYY’s R&D department. Companies that license ABBYY technologies include BancTec, Dell, EPSON, EMC2/Documentum, Fujitsu, Freedom Scientific, HP, Kurzweil Education, Kofax Image Products, Microtek, Mustek, NewSoft, Panasonic, Siemens Nixdorf, Toshiba, and many others

CoreForm

CoreForm

Headquartered in Bondi Junction, NSW Coreform is a provider of Managed Print Services and Document Management Solutions Australia wide. Coreform looks after large and small companies and aims to deliver outstanding service and support. The company offers Managed Print Services, Document Management Application, Document workflow automation, Business Process Automation, Digital Security experts, Digital Transformation, Second Level Service and Support, Document Indexing Solutions, Project Management, Cost Recovery, Mobile Print, and Software Solutions. Their depth of experience and expertise in the Business Solutions area ensures their customers enjoy great value for money solutions, which affect their efficiency and bottom line positively

Ephesoft

Ephesoft

Ephesoft delivers Smart Capture® technology on a private or public cloud platform that turns the world’s unstructured content into actionable information. Using supervised machine learning and a focus on efficiency and reliability, they have crafted the next generation of smart document capture technology for its core products Ephesoft Transact and Ephesoft Insight. Ephesoft partners with more than 250 leading technology organizations, including Microsoft, Blue Prism, Box, HP, Alfresco, Konica Minolta, Canon, Epson, Ricoh, Fujitsu, Infor, Kodak, K2, Nuxeo, Quest, Red Hat, and Xerox, among others. The company is headquartered in Irvine, California, with regional offices throughout the US, EMEA, and the Asia Pacific.

SignUp Software AB

SignUp Software AB

SignUp Software was founded in 1999 and launched ExFlow in 2003. SignUp currently operates out of Stockholm, Sweden (HQ), Denmark, Finland, Norway, and Australia and counts approximately 60 employees across the globe. Globally, more than 600 organizations rely on ExFlow to empower the AP Invoice processes. ExFlow by SignUp Software is a built-in, feature-rich AP Invoice Automation solution developed specifically for Microsoft Dynamics. ExFlow enables organizations to increase efficiency, transparency, and control in their AP Invoice process, driving down costs while generating substantial process savings. SignUp Software offer Microsoft Dynamics NAV, Microsoft Dynamics AX, ExFlow NAV, ExFlow AX, Readsoft, ExDoc, AP Automation, Contract management, and many more

Synertrade

Synertrade

Synertrade is a leading provider of cloud-based procurement solutions for the digitalization of companies’ procurement process. The business develops and implements software technologies to increase companies’ innovative potential, competitiveness, and productivity for medium-sized companies. Its eProcurement suite, SynerTrade Accelerate, brings digitalization offering businesses access to today’s novel technologies: cloud, big data, community, and mobility. Synertrade offers operative procurement, strategic procurement, collaboration, controlling, sustainability, risk management, and supplier management. It also provides consulting services in the areas of interim management, operative purchasing, strategic purchasing, cost reduction program, e-sourcing strategies, and reorganization processes

Tradeshift

Tradeshift

More than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value, making it the most significant global business network for buying and selling. Tradeshift is headquartered in San Francisco with offices in Copenhagen, New York, London, Paris, Suzhou, Sydney, Oslo, Frankfurt, Shanghai, Bucharest, Kuala Lumpur, Stockholm, Tokyo, and Munich. Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, we help buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app

Xero

Xero

Born in the cloud, Xero is an excellent, easy-to-use platform for small businesses and their advisors around the world. Xero provides its 2+ million subscribers with connections to a thriving ecosystem of 800+ third-party apps and 200+ links to banks and financial service providers. Founded in 2006 in New Zealand, Xero is one of the fastest-growing software as a service company globally. Xero has expertise in Accounting, SaaS, Banking, Invoicing, Design, Business, and Billing. They lead New Zealand, Australian, and United Kingdom cloud accounting markets, employing a world-class team of more than 2,500 people