Envoice vs Finmatics

Envoice is a collaborative platform for automating pre-accounting work, including bill and expense entry, categorization, and recording. Users can send bills and expenses to a personalized invoice inbox or capture paper receipts and bills in its iOS and Android apps. SmartRecord learns to categorize items, and rules can route recurring expenses for multi-level approval. Approval options include conditional routing, parallel or delegated reviews, mobile approval, invoice comments, and an audit trail. Employees can file expense reports and track them in real time, with per diem rates and personal car compensation limits. Users can also create sales invoices, email them to clients, and publish them to accounting software. Listed connections include Xero, QuickBooks Online, Sage Business Cloud Accounting, and Microsoft Dynamics 365 Business Central. The service works in a browser and supports administrator-controlled access levels for unlimited team members. Essential costs $10 a month, Business $22 a month, and Enterprise $59 a month. A 14-day free trial is available without a credit card; there is no free plan.

Finmatics is accounting automation software for accounting firms and companies. Its system, Fin, captures invoices from paper, scans and electronic files, then separates, sorts and extracts their data. It creates traceable booking suggestions based on booking history and tax logic, and learns from past bookings, user feedback and configured rules. Supported inputs include PDF, TIFF, JPEG, PNG, ZUGFeRD 2.0, XRechnung, ebInterface, UBL and IDoc FI. Integrations include DATEV, BMD, RZL, Agenda, Microsoft Business Central and SAP; a REST API is available, with limits of 1,000 general requests and 100 authentication requests per minute. Conditional routing, delegated approvals, an approval audit trail, mobile approval and invoice comments are listed capabilities. Finmatics supports Android, iOS and web. The listed Basis Fin plan is €750 a month, billed annually in advance; monthly payment is available with a 20% surcharge. A demo is limited to 30 days before a paid contract. Finmatics states that it processes data under GDPR Article 28 and uses encryption, role-based permissions, optional two-factor authentication and SSO.