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SnapAP

SnapAP offers a cloud-based Purchase-To-Payment solution, providing AP teams with tools for requisitions, invoices, payments, employee expenses, and more. It integrates with ERPs, offering enhanced accuracy, speed, and cost savings. SnapAP is trusted by over 50,000 companies across multiple regions.

4.4

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SnapAP Overview

SnapAP is a Purchase-To-Payment (P2P) software platform used by over 50,000 companies worldwide. It enables AP teams to streamline the Procure-to-Pay workflow with features like requisitions, purchase orders, invoice processing, payments management, employee expense reimbursements, and more. SnapAP’s cloud-based platform ensures accessibility, security, and integration with existing ERP systems. The platform’s AI-powered OCR data extraction enhances accuracy and speeds up processes, reducing invoice processing times and costs. Over the past 2.5 years, SnapAP has processed $2 billion in transactions across Canada, USA, Africa, the Middle East, and Australia.

SnapAP Pricing Overview

SnapAP Score

Smyte Score

4.4 Number of Reviews 10

Smyte Score

The Smyte Score is a weighted average from leading review sites across the web.

100+ reviews for Software Name

Pros

User-Friendly Interface:
Many users appreciate SnapAP for its intuitive design that makes navigation easy, helping new users get up to speed quickly.

Efficiency in Invoice Processing:
Users often highlight the platform’s capabilities in automating invoice management, which significantly reduces manual errors and processing time.

Strong Integration Capabilities:
Users value SnapAP’s ability to integrate seamlessly with other accounting software and ERP systems, enhancing workflow and data consistency.

Cons

Pricing Concerns:
Some users find SnapAP’s pricing structure to be higher than comparable solutions, which may be a deterrent for smaller businesses.

Limited Customization Options:
A few users express that the customization options available in reporting and dashboards are somewhat limited compared to competitors.

Customer Support Issues:
Some users have reported delays in response times for customer support inquiries, which can be frustrating when facing issues.

** Smyte uses AI to analyze online reviews, extracting key pros and cons by identifying patterns and summarizing customer feedback into actionable insights.

FAQs

1. What is SnapAP?

SnapAP is a cloud-based procure-to-pay platform that automates the entire accounts payable process, from requisition to strategic payment management. It offers features such as a free supplier portal, requisition capabilities, purchase orders, automated accruals, delivery receipts, invoice processing, payments management, employee expenses, full audit controls, ERP integration, and AI-powered OCR data extraction for invoices and expenses.

2. How does SnapAP improve accuracy and efficiency in accounts payable?

SnapAP utilizes a three-way matching approach and a fully paperless AP process, which has helped some clients reduce defect rates from as high as 30% down to under 2%. Additionally, customers have reported reducing purchase order and accounts payable processing times from as long as two weeks to same-day completion. The platform also lowers processing costs, with some users achieving per-invoice costs as low as $1.61, compared to the industry benchmark of $17.61.

3. What pricing model does SnapAP use?

SnapAP operates on a scalable pricing model based on the number of transactions, specifically the number of invoices processed. The starting price is $500 per month. However, there is no free trial or free version available.

4. Is SnapAP accessible on mobile devices?

Yes, SnapAP is accessible via the latest internet browsers and is compatible with both Android and iOS mobile devices, allowing users to manage accounts payable processes on-the-go.

5. What industries benefit most from using SnapAP?

SnapAP is custom-built for sectors such as mining, energy, and resources. It’s also well-suited for clients in government, utilities, manufacturing, construction, and telecommunications. The platform is particularly beneficial for organizations processing upwards of 1,000 invoices monthly or managing active relationships with 100 or more external vendors.

SnapAP

4.4

Software Info

Pricing

Score

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SnapAP Overview

Software Details

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SnapAP Pricing Overview

SnapAP Score

Smyte Score

4.4

Number of Reviews 10

Smyte Score

100+ reviews for Software Name

Pros

Cons

FAQs

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