Top Accounts Payable and Receivable Solution Companies in Europe - accounts-payable-and-receivable-europe Companies

The Quintessential Technology Source for Corporate Financial Professionals

Compleat Software: Simplifying the Way People Transact

Top 10 Accounts Payable and Receivable Solution Companies In Europe - 2021

To get a sense of how much change the accounting profession is undergoing, we need to learn that it is a rapid shift primarily driven by lightning-fast advances in technology. The adoption of technologically-driven solutions in the accounting industry will only intensify in the coming years as managing the accounting process can be time-consuming, labor-intensive, and prone to human error. As the demand for computerised accounting grows, particularly during the pandemic, accounting software companies must address this need with robust solutions. Account receivable and account payable is all about business credit. Even in the trying times brought about by the COVID-19 health crisis, the ever-evolving technology of automating repetitive accounting tasks is one of the most exciting developments in the accounting industry. The pandemic has accelerated that adoption––for example, wider adoption of cloud-based accounting solutions allows for the creation of workflows, saving businesses valuable time. Hence, implementing an online billing system can help companies optimize their working capital and continue running smoothly.

That said, considering that balancing all transactions and analyzing business deals can be exhausting, businesses are now outsourcing their accounting functions and reap many benefits. All over the world, the accounting software solutions providers will experience extraordinary growth as there is a strong demand for software platforms to manage spreadsheets and have a better understanding of tax management. Businesses are automating accounting functions and reaping their many benefits. It becomes easier to generate reports on payments, invoices, credit notes, clients, and more by using accounts payable & accounts receivable management solutions software. The coming years will allow accounts payable & accounts receivable management solutions to showcase their resilience and indispensable role in the business as they adapt to and adopt trends to help guide and lead companies into the next phase of their business journey. To help organisations, this edition of CFO Tech Outlook Magazine brings you the “Top 10 Accounts Payable and Receivable Solution Providers in Europe - 2021.” The list gives you some of the most prominent organisations in the industry that have excelled with their portfolio by transforming business processes through their insights, solutions and technological prowess.

    Top Accounts Payable and Receivable Solution Companies in Europe

  • SoftCo delivers Smart Automation solutions that automate Procurement, Invoice Processing, and Payment Processes. SoftCo seamlessly integrates with existing ERP or finance systems to offer real-time analytics. The software reduces the time and costs associated with manual tasks, reduces invoice and PO creation and approval times, and enables complete visibility over the entire procure-to-pay process. SoftCo has over 1 million users North America and Europe including PWC, The Finnish Government, Lloyds Bank, Volkswagen, and Primark

  • SpendLab Recovery offers expert investigative services into undue payments for companies on a no cure no pay base or a subscription model.

  • Basware


    Basware is the global leader in providing networked source-to-pay solutions, e-invoicing and value added services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As 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. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers

  • Bilendo


    Bilendo is a cloud platform on which companies can map, control and automate all accounts receivable processes centrally. This includes the transparent presentation of all data, automatically prepared correspondence with customers and optimized internal communication in order to ideally prepare necessary dunning processes through improved clarification. Bilendo offers a high degree of flexibility and expertise for the individual design of processes and workflows - completely independent of the existing infrastructure

  • Cevinio


    Cevinio offers super smart Invoice-to-Pay software solutions to large corporate and a worry-free financial backbone that ensures productivity and compliance. Its product can best be described as a robot that thinks like a human, based on next generation algorithms

  • Glantus


    Gallants is a global provider of accounts payable automation and analytics solutions. The Gallants Data Platform is rapidly deployed around existing systems without disruption or risk to the operational processes. Its unique data streaming technology does away with the need for big integration projects, even for proprietary or legacy systems Gallants' advanced analytics empower management to make decisions based on real-time data

  • InShip


    INSHIP is an online system, that processes your suppliers’ invoices, directly from their emails, on to your accounts package. INSHIP has developed an online system which bolts on to your business accounts package of choice. The system is both multi-company, multi-currency and multi-employee. It can be used by a bookkeeper serving many companies, while also being used by a company with many employees approving or reviewing different invoices.Because every business is different, users access the InShip Dashboard to establish specific rules to tailor our solution to their requirements. InShip does not ask users to change their internal processes to meet the InShip solution. Rather, InShip changes its processes to meet end-user needs

  • Medius


    Medius is a leading global provider of cloud-based spend management solutions, helping organizations drive their business forward by enabling best-in-class process efficiency, cost saving opportunities and greater financial control. Its modular spend management suite includes market leading solutions for strategic sourcing, contract management, procurement, accounts payable automation, payments and supplier management as well as data insights tools bringing control, compliance and cost savings throughout the entire source-to-pay process. Thanks to an easy cloud deployment, intuitive user interface and built-in best practices its customers experience tangible savings right from the start as well as long term ROI success. With Medius, spend is simply managed

  • Quadient


    Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on four key solution areas including Customer Experience Management (CXM), Business Process Automation (BPA), Mail-Related Solutions, and Parcel Locker Solutions, Quadient helps simplify the connection between people and what matters. ​Quadient supports hundreds of thousands of customers worldwide in their quest to create relevant, personalized connections and achieve customer experience excellence

  • Qvalia


    Qvalia helps companies take control of their data and automate their business. Its software platform provides a complete solution in transaction automation, from e-invoice management to accounting. For organisations of all sizes. The result is increased efficiency throughout the accounts payable and accounts receivable processes, reduced costs, and analytics in real-time. Since 2007, Qvalia is the leading Nordic expert in transaction analysis and transformation. The organisation has been appointed as one of the Nordics'​ fastest growing companies by Dagens Industri in 2009, 2010, and 2011, by Dagens Næringsliv in 2016, and by Børsen in 2017