Joltly vs Openinvoice

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This article is focused on 5 key points: Price, User Experience, Payments, Users, and Vendors.

Price

Joltly - Pricing is listed on the website

• Independent Tier: $250/month. Suitable if you process fewer than 200 invoices per month.
• Midsize Tier: $500/month. Ideal for 200-500 invoices per month.
• Enterprise Tier: For processing more than 500 invoices per month.

OpenInvoice - Need to contact for exact pricing

• Their entry-level pricing starts at around $1,000/month.
• Larger clients can expect to pay between five to six figures annually.
• Additional charges apply for extra users and exceeding invoice limits.

User Experience

Joltly: Joltly is designed for ease of use. We built is so it would have intuitive workflows that require minimal training. Examples include approval workflows, invoice coding, ERP integration, and payment scheduling. Most customers can fully operate the software within a day of onboarding.

‍OpenInvoice: Offers a robust workflow that generally necessitates training from their team or from experienced accountants. Will give you all the tools you need for invoice coding, approvals, and ERP integration. Once you have your systems in place it will be an effective tool.

Payments

Joltly: Joltly supports direct approval, scheduling, and payment of invoices via check or ACH. We partner with Plaid and Checkkeeper, both SOC 2 certified banking platform ensuring data security, and Checkkeeper, which provides SSL-encrypted connections for maximum security.

OpenInvoice: Does not facilitate direct payments. Customers generally need to upload their invoices to their banking system and process payments externally.

Users

Joltly: Joltly offers unlimited users with no extra cost, charging only based on the volume of invoices.

OpenInvoice: Charges are based on both the number of invoices and users, with additional fees for exceeding set limits.

Vendors

Joltly: Vendors can forward invoices to a designated email address. Our AI assists in streamlining invoice processing. After payment, vendors receive email notifications detailing remittance.

OpenInvoice: Maintains a vendor network that allows vendors to directly upload their invoices.

Conclusion:

Openinvoice and Joltly can both be used effectively to help your business. Openinvoice is best positioned for enterprise level systems that are processing thousands of invoices each month. It also requires an accounting team that is familiar with how their software works. Joltly is best positioned for small to midsize customers who process a 10-1000 invoices each month. Anyone with a brain and pulse will understand Joltly after 10 minutes of training.