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Factura.ai Reviews & Product Details

Connie W.
CW
Administrative Assistant
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about Factura.ai?

factura.ai reads all the information that comes in from the invoice as a PDF. It also allows us to make any changes. Some customers have their nuances that don't follow specific rules, and this enables us to make those changes for a few without having to change the entire system. This also allows for less human error as it reads everything from the invoice. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

The team at factura.ai quickly remedied any issues we had while testing the system. When uploading to our accounting software, we realized it was set up differently than others. Still, they could adjust our options to allow it to upload as we required it to into our accounting software program. Review collected by and hosted on G2.com.

Recommendations to others considering Factura.ai:

This system assisted us with automating our AP process while allowing us to have the ability to make changes where needed for specific customers. Exporting to our accounting software is immediate, and we can continue processing our records seamlessly. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

We were doing all our entering of information manually. This was time-consuming and left us open to errors. We have realized with a more automated process; all the invoices are waiting in queue to be processed. We can see what is waiting, what has been checked, and what has been exported. If there has been an error along the way, we can quickly revert an invoice to a previous state, correct it and reupload. Review collected by and hosted on G2.com.

Factura.ai Overview

What is Factura.ai?

Factura.ai is the only accounts payable automation software designed for multi-location and multi-entity businesses. Factura.ai makes workdays easier by: - Automating data entry and coding - Managing the approval workflow - Splitting an invoice across multiple locations / entities - Digitally storing documents for easy searchability - Easily pay your vendors. Whether you have 10 or 200 locations, all invoices get routed to one email address where Factura.ai picks up the location information, sends the invoice to the right approver and the extracted data to the P&L, accurately. Our customers come to us because they face 4 challenges within their business. 1) Their accounts payable team was spending hours inputting data manually from invoices into their accounting system 2) The approval process was manual and it was excruciatingly time-consuming to follow up with employees to ensure they signed off on the invoice. This consistently resulted in their accounting books not closing on time. 3) They were printing thousands of invoices a month and keeping paper copies for auditing purposes. 4) Paying their vendors by check Factura.ai solved all of their challenges: 1) Technology that captures line item invoice data; no manual data entry needed 2) Workflow approval process; the technology keeps track of the status of each invoice and has sped up the approval times. 3) Cloud-based; no need to print any paper. Ever. 4) Pay your vendors by ACH, virtual credit card and by check. The best part is the cash reward when paying your vendors by virtual credit card.

Factura.ai Details
Languages Supported
English
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Product Description

Invoice management software that helps your multi-unit business reduce costs, time and optimize processes


Seller Details
Year Founded
2014
HQ Location
Toronto Canada
LinkedIn® Page
www.linkedin.com
11 employees on LinkedIn®

B B.
BB
Overview Provided by:

Recent Factura.ai Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Chief Operating Officer"
Incredibly responsive, informed customer support providing dynamic, thorough solutions. Thus far, our experience has been an intelligent, flexible...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Great Invoice Management with Unbelievable Support!"
Easy to train to meet specific invoicing requirements. Factura's ability to read the invoices and accurately code vendors, locations, departments w...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Chief Financial Officer - Multi Unit Little Caesars Franchisee"
It has cut our manual input time for accounts payable entry by over 50% and streamlined our operations. It also has increased our efficiency and e...
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Factura.ai Media

Factura.ai Demo - Automated Line Item Coding
Factura.ai extracts and codes line items from invoices
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20 out of 21 Total Reviews for Factura.ai

4.9 out of 5
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20 out of 21 Total Reviews for Factura.ai
4.9 out of 5
20 out of 21 Total Reviews for Factura.ai
4.9 out of 5

Factura.ai Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
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Cons
G2 reviews are authentic and verified.
CR
Interim CFO/ Consultant
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Factura.ai?

The ease of using the tool is second to none. Our company is invoice heavy and implementing Factura allowed us to speed up our daily AP process and eliminate the need for an additional person. Our data is accurate, and we have fewer errors in the work. Making corrections, adding vendors and keeping up with invoices is seamless now due to factura. We were able to connect Factura to our accounting software and each day we are able to import the invoices to the software. This is absolutely the best decision we could have made for the company!!!! Working with the Factura team is a breeze. They are timely and efficient to address questions or problems. We are telling all of our accoutning friends about Factura! We are very thankful for this tool! Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

Facutra has meet all of the AP needs of the company. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Factura AI has aided in eliminating errors and managing invoices. We went from a team of three full time emplyees to 1 fulltime and 1 part time person in the AP department. The invoice processing time has been speed up also. Review collected by and hosted on G2.com.

Verified User in Accounting
AA
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Factura.ai?

Easy to train to meet specific invoicing requirements. Factura's ability to read the invoices and accurately code vendors, locations, departments without human intervention is amazing. A huge time saver.

The implementation process was easy, and the support response is impressive. We worked with the Factura team to set up a process for new clients we bring into the firm so that they can be quickly onboarded.

Each client we work with has different requirements. I really love the flexibility to set up very simple to very complex approval workflows. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

We haven't had any downsides or issues with Factura. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Factura helps us in a number of ways - more accurate and timely processing of invoices and drastic reduction in team members time coding and processing invoices. Review collected by and hosted on G2.com.

Verified User in Hospitality
UH
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about Factura.ai?

Incredibly responsive, informed customer support providing dynamic, thorough solutions. Thus far, our experience has been an intelligent, flexible technology that has exceeded all expectations and has allowed us to accelerate our integration of their Factura.ai platform. We're excited for its application within our organization, the efficiency it has and will create and the enhancement of our vendor relationships with timely A/P processing. Very satisfied... very impressed! Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

There is nothing about the Factura.ai platform that has dissapointed me, thus far. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Factura.ai has streamlined the end-to-end A/P lifecycle and created efficiency for all human interaction for invoice submission, reconciliation and speed of processing. Review collected by and hosted on G2.com.

JP
Acounting/Finance
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Factura.ai?

Coming from another platform Factura is a lot faster and easier to use. It saves a lot of time and provides additional tools like filters, reports, graphics and pivot tables. This has improved a lot our process. Altough at first may be a little intimidating and different from other platforms, once you get used to it you never want to go back to your old platform.

The custumer support is fantastic! They always respond quick and they can make special setups for some vendors. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

Sometimes strugles a little reading the text or the vendors logos and when the invoices informations is not always on the same position it struggles to read the complete field. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Reducing the time we take to process invoices significantly. Review collected by and hosted on G2.com.

Verified User in Restaurants
UR
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Factura.ai?

It has cut our manual input time for accounts payable entry by over 50% and streamlined our operations. It also has increased our efficiency and eliminated numerous manual input errors.

Support has been outstanding. If you have na issue with an invoice you can send it Support and they fix it almost immediately. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

At this point, they are not any functions of Factura.ai that we dislike. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

We have numerous bills that have multple locations on the invoice and they have been able to streamline this process and make ther invoice entering process quick and reliable. Review collected by and hosted on G2.com.

Buck P.
BP
CEO / Partner
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Factura.ai?

It has greatly increased the volume and decreased the time it takes to get invoices into one of the accounting systems we use for hotels (Hotel Investor Apps). The integration is seamless and only took a couple of emails to get everything set up. Reviewing and confirming coding by exception is a game changer in the AP field and is very easy to use. The help desk is fantastic if you have a question. Everything is very intuitive and you can have an entry-level team member up and running quickly if they have an understanding of invoices. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

So far everything has been great. Do wish it worked with M3 Hotel Analytics software. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Entering and coding invoices quickly and accurately for the hotel industry Review collected by and hosted on G2.com.

AT
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Factura.ai?

Ease of use for our team and clients. Short setup and implementation timelines. The intergration with our systems was seamless. Factura customer support is a big "WIN" for our team! Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

We do have a few spaces of disconnect between our ERP and Factura - mostly this is due to setup issues not on Factura's side though. Customer Support is always helpful to let us know how and who to address for get things fixed. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Factura is solving coding expenses errors with clients and our team. It is greatly increaing our productivity and cutting down our AP turn time. In some instances we have seen a 70% recduction in man hours versus manual entering of invoices. Review collected by and hosted on G2.com.

IA
Food Accounts Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
(Original )Information
What do you like best about Factura.ai?

Save a lot of time by processing invoices very efficiently Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

possibly it is that the platform becomes a bit unfriendly with the user Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Reduce errors when processing invoices to a minimum Review collected by and hosted on G2.com.

Prakash M.
PM
CFO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Factura.ai?

Ease of use and uptime reliability. Price is attractive also. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

That I did not find this product sooner. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

Timely input of invoices and accuracy of GL coding. Review collected by and hosted on G2.com.

Pamela S.
PS
Staff Accountant
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Factura.ai?

AP went from days to hours. It's so fast and efficient that I can use my time on more high-level work. Review collected by and hosted on G2.com.

What do you dislike about Factura.ai?

Some people want a written manual. The videos are helpful, but many employees prefer to reference a physical document when learning new systems. Review collected by and hosted on G2.com.

What problems is Factura.ai solving and how is that benefiting you?

We have a high volume of invoices, and Factura makes it easy to go through them faster and more efficiently. I have more time in my day to do other stuff. Review collected by and hosted on G2.com.