PandaDoc is a useful addition to any of the other tools mentioned above, and you are also free to choose any of the 900+ apps that PandaDoc currently supports. And since you’ll be going paper-free, nothing stops you from sharing e-documents with your colleagues for collaborative teamwork. Some users pointed out some minor interface issues, though nothing critical. With respect to pricing, there is no public information available for MindBridge (which is a pretty common thing for SaaS platforms).

• Trying to make your balance sheet work properly at the end of the month can be difficult, especially considering how much information accountants have to chase.
• Of course, employers need to be confident that the data the employee entered is correct.
• By supercharging Expenses with machine learning capabilities, some receipts get extracted in seconds instead of minutes.
• Bill.com enjoys predominantly favorable reviews, marking good value for the money and praise for its useful features (audit trails, auto sync with accounting platforms, workflow approval, etc.).
• The first milestone on that journey was to bundle the Hubdoc and Xero products together, ensuring every Xero customer with a Business Edition subscription had easy and immediate access to Hubdoc.

How will Hubdoc technology be used more broadly within Xero?

• So, whether you’re travelling, working from home, or just taking a break, you’ll always know where to find your documents.
• Hubdoc helps you to stay organised by allowing you to store all of your documents in one place.
• On top of that, the app pulls the necessary information from documents with the help of optical character recognition (OCR).
• In minutes, you can also create reports and export the data into other applications such as Xero accounting systems.
• We’re now at a place where we can leverage the data extraction capabilities and inject them into other parts of Xero.
• For instance, if you run several restaurants, you can add them all to Hubdoc at once.
• Hubdoc has been explicitly designed to make creating invoices as simple as possible.

Audit Prodigy doesn’t have sufficient online reviews posted to conclude anything with absolute certainty. That said, the reviews that are available don’t share any problems with this app. Some negative reviews on TrustRadius mention “siloed modules” that users understandably don’t like so much. Reporting doesn’t seem to be perfect either, but SAI360 has been gradually improving, according to the app users. AdvanceFlow doesn’t share any pricing information publicly, but they most likely quote their clients on a case-by-case basis since it’s common in the enterprise segment.

Is Hubdoc similar to ReceiptBank?

At the same time, the app ensures compliance by checking available information from thousands of databases. The app is geared towards financial analysis and automation, explicitly focusing on document approval. Although many users love and adore Hubdoc for what it is, we’ve come up with a list of alternate what is hubdoc solutions. However, some users are noticing that the app hasn’t received many updates since it was acquired by Xero, making the UI slightly out of touch in places. Whether you’re looking to cut down on paperwork or want to automate your bookkeeping process, Hubdoc is the perfect solution.

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According to G2, users seem to prefer MindBridge for customer support, and the automation features appear to be spot on as well. By supercharging Expenses with machine learning capabilities, some receipts get extracted in seconds instead of minutes. Of course, employers need to be https://www.bookstime.com/ confident that the data the employee entered is correct. They also want to know that it can be reconciled within Xero with the amount that’s gone out of their bank account. Both of these journeys are heavily impacted by the speed and accuracy of the receipt transcription process.

It allows you to extract important financial information from any document. In minutes, you can also create reports and export the data into other applications such as Xero accounting systems. There are plenty of data capture and automation apps to choose from as we head into 2023.

Product Details

Bill.com enjoys predominantly favorable reviews, marking good value for the money and praise for its useful features (audit trails, auto sync with accounting platforms, workflow approval, etc.). AppZen allows automatically approving low-risk spending, e.g., prepayments or employee reimbursement, in a matter of days so the finance department can manually process high-risk spending. If you’re a small business owner doing your own books, you’re getting the job done faster with less paper.

When it takes a fraction of the time for accountants and bookkeepers to close the books for a client, the game really changes. You can leverage that newfound time to serve far more clients than you did before, while providing a higher quality of service — a faster close, a paperless experience and audit-proof books. The first milestone on that journey was to bundle the Hubdoc and Xero products together, ensuring every Xero customer with a Business Edition subscription had easy and immediate access to Hubdoc. We reached that milestone earlier this year, and also introduced streamlined workflows to make setting up and syncing data really easy. You can now easily track your expenses and see how much you spent on each item. With this feature, you’ll know exactly how much you’re spending on any given purchase.

How will businesses benefit from more automation in Xero Expenses?

• From there, the important information from the receipt will be extracted and sent to your accounting software of choice, such as Xero.
• Accounting and bookkeeping practices spend hours of their time chasing client documents and doing manual data entry.
• Another benefit of using Hubdoc is that it allows you to snap a photo of the document with the app, which means you’ll never lose a receipt again.
• And in his spare time, he is an avid fisherman and takes nearly 20 fishing trips every year.
• To make matters even worse, most of these documents come in different shapes and sizes.
• Hubdoc was founded in 2011 and has grown to millions of customers worldwide.