ApprovalMax
provides approval workflow automation for cloud accounting platforms such as
Xero and QuickBooks Online. It replaces paper- and email-based approval
processes with multi-step and multi-role automated approval workflows that
enable automated notifications to approvers, automated audit trails, and mobile
approvals.
Approval
workflows include:
Invoice approvals / bill review and
bill approval Purchase order approval, including
the functionality to create…
$54
per month
Tradogram
Score 6.0 out of 10
N/A
Tradogram headquartered in Ottawa offers their cloud-based procurement software, designed to provide complete spend control, purchase order management, and more at an affordable rate.
N/A
Pricing
ApprovalMax
Tradogram
Editions & Modules
ApprovalMax Standard
$54
per month per organization
ApprovalMax Advanced
$83
per month per organization
ApprovalMax Premium
$121
per month per organization
No answers on this topic
Offerings
Pricing Offerings
ApprovalMax
Tradogram
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
Yes
No
Entry-level Setup Fee
Optional
No setup fee
Additional Details
Discount available for annual pricing and for management of multiple organizations.
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More Pricing Information
Features
ApprovalMax
Tradogram
Payment Management
Comparison of Payment Management features of Product A and Product B
ApprovalMax
8.0
1 Ratings
5% above category average
Tradogram
-
Ratings
Customizable Approval Policies
9.01 Ratings
00 Ratings
Financial Document Management
9.01 Ratings
00 Ratings
Payment Status Tracking
9.01 Ratings
00 Ratings
Payment Audit Trail
9.01 Ratings
00 Ratings
Duplicate Bill Detection
4.01 Ratings
00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
As mentioned previously - able to send invoice based on amount , program code and division code ,supplier is very useful feature ; If an invoice does not fit into approval process than it is rejected and an email is received mentioning the reason
If your business is focused on one specific product or small in scope, Tradogram should be able to suit your needs. If you require simplistic reporting without in depth project codes and details, it does provide basic functionality that is very well suited for small enterprise. Companies that do all of their purchasing with POs will find it to be useful. If you are able to operate without needing it to plug back into a comprehensive ERP system, it should be sufficient.
choice based on Program codes / division codes - we use Xero accounting system and we have 22 program codes and 11 divison codes ; once invoice is entered in Xero depending on relevant program code and divison code, Approval max automatically send invoice to relevant person depending on approval workflow process . One manager could be handling multiple divison and program codes; if our approval work flow process is properly designed - it is accurate in sending invoice to relevant manager.
invoice can also send to various managers based on General ledger codes ; this flexibility makes useful when manager is handling only certain nature of expenses regardless of program codes / divisionl.
Approval process can also be designed based on level of amount ; and level of amount is derived from our Delegation policy. it makes audit of application of delegation policy easy ; we give copy of delegation policy and print of approval work flow process to auditor.
date and time of change in approval process ; for example if Mr. A was responsible for all expenses above $1000 in Oct 23 and from Nov 23 it is changed to $5000 . in Dec 23 if it is checked - it will show approval limit of $5000 ; but will not show from which date limit was changed. Auditor always asks this question when the limit was changed in approval max - we cannot prove it.
If there is audit trail of who made the changes , when and what changes were made ; will be good.
when we are in main page of seeing invoices awaiting approval - there are hundreds of invoices - searching for one invoice from particular supplier is very cumbersome job - we have to go by each and every invoice in order to find that invoice ; it will be good if we have search function on main page itself ; in current scenario we have to go to report section - input all filters and than search for that particular invoice.
We evaluated Procurify as part of our initial scope conversations. Ultimately, we felt that the price point was outside of what we could support and went with the lesser cost of Tradogram instead.
It has certainly made a positive impact ; it is definately worth its value ; when we are processing hundreds of invoices every fortnight ; getting approval of invoices in timely manner for all invoices is of paramount importance . as approval max has its own app - approval can be done on mobile phone also ; this is particularly helpful when staff is travelling .
The product was priced very well as we made the transition from a homegrown internal system.
The need to pay to customize the system to do what we need it to do has been cumbersome.
The API connection back to our ERP system has not been optimal and has required us to engage with outside parties to assure that it is working properly.
