Alternatives
Finofo alternatives
Finofo is a Calgary-built finance platform for companies running Canadian and US entities at once. It captures invoices line by line, matches them to purchase orders outside the ERP and posts to your ledger, with multi-currency accounts and employee expenses in the same flow.
Why people look
Why teams look for a Finofo alternative
The reasons that come up in evaluations. Whether they apply to you depends mostly on where your receipts come from.
The receipt still begins life as a photograph that somebody has to remember to take.
A store that uses Smartbills issues the receipt as data at the moment of payment. Capture does not depend on anyone remembering.
The line detail you get is whatever extraction managed to read off the image.
A merchant-issued receipt carries exactly the lines the POS recorded, with nothing left to interpretation.
Cards are bring-your-own. The spend and its receipt meet days apart.
Corporate and virtual cards are issued next to the receipts they generate, and the two match the same day.
The shortlist
6 alternatives to Finofo
The products teams shortlist against Finofo, each with what it's for. The order isn't a ranking, and the criteria are explained below.
- 01
Plooto
For Canadian businesses that need each invoice captured and its GST, HST and QST recorded line by line, as well as paid.
Best forCanadian businesses whose problem is paying and collecting cheaply on domestic rails.
Compare it with Smartbills - 02
BILL
Worth a look if your payables team loses more time finding and coding invoices than paying them, and card receipts sit in another tool.
Best forBusinesses paying supplier invoices at high volume, especially when most of their suppliers are already enrolled on the BILL network.
Compare it with Smartbills - 03
Tipalti
For payables teams stuck on capturing and coding invoices, which is a different job from the cross-border payouts Tipalti is known for.
Best forCompanies paying thousands of suppliers internationally, with tax and compliance obligations attached.
Compare it with Smartbills - 04
Melio
Melio pays suppliers cheaply. Smartbills covers the invoice work that comes first: capture, matching, coding and multi-step approvals.
Best forSmall businesses whose one real need is paying a handful of suppliers as cheaply as possible.
Compare it with Smartbills - 05
QuickBooks
Keeps QuickBooks as your ledger and replaces only its receipt capture, sending in itemized, policy-checked entries.
Best forBusinesses whose receipt volume is small enough that the capture already included with QuickBooks still copes.
Compare it with Smartbills - 06
Xero
Leaves Xero as your ledger and takes over expense claims and receipts, which reach Xero itemized and already coded.
Best forBusinesses whose claim volume is small enough that the bundled expenses module still copes.
Compare it with Smartbills
Disclosure
And Smartbills, which is ours
Slipping our own product into a roundup without saying so is exactly what makes these pages worthless, so to be clear, this one is ours.
Smartbills
Best for: Teams whose capture problem is the receipt handed over at checkout, not the payment that crosses a border.
Smartbills vs FinofoHow this list was put together
These are the products that come up in the same evaluations as Finofo, drawn from what prospects actually shortlist against it and from the rest of its category. The order is editorial rather than a ranking, because we don't run benchmarks on products we don't operate, and a scored table written by a vendor about its competitors isn't evidence. Each entry links to a full comparison with claims specific enough to check.
FAQ
Frequently asked questions
What people ask us before they sign up.
Get started
Comparing Finofo with something else?
Bring one month of your own receipts and card transactions. The number that settles it is the share of transactions that ended up with an itemized document attached, and you can measure that in one cycle.