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ALTO Exchange Review
What is ALTO Exchange?
ALTO Exchange is an e-invoicing software that promises businesses smooth and seamless integration between suppliers and producers, allowing vendors to attain and maintain an integrated online catalog, automate product coding, and to eliminate errors. By simplifying e-invoicing workflows and taking out unnecessary complexity, ALTO Exchange significantly enhances supplier adoption and dramatically diminishes on-boarding expenses.
ALTO Exchange enables businesses and organizations to take a pick of their preferred level of integration from manual data entry, and comes with a number Excel upload capabilities. Regardless of the level of integration, all data is converted to the Petroleum Industry Data Exchange (PIDX) standard. Simply put, ALTO Exchang virtually gets rid of errors and eliminates the need to re-enter data by doing up front data validation applying client-specific business rules.
Show MoreOverview of ALTO Exchange Benefits
Alto Exchange greatly improves accounts payable-related operations as it ensures that information (cost center, pricing, etc.) is entered accurately the first time. Then it accelerates and monitors the process for invoicing, approval and payment. ALTO Exchange crucially reduces the time spent in handling the accounts payable process.
The product boasts of industry standard business-to-business (B2B) portals that facilitate enhanced communication and integration of ALTO AP™ with supplier billing systems, further bettering the overall payment process. Vendors are able to quickly send accurate invoices and monitor progress of the producer approval and payment process; accelerating up the entire workflow, and virtually taking out errors of the equation.
Alto Exchange allows vendors to supply and easily continue an integrated online product/service catalog. The system encourages accountability and transparency by making the customer invoice payment process completely transparent to vendors.
The software also allows vendors to effortlessly enter and submit invoices online, ensuring correct coding. Users can also select templates (including Excel), which simplifies import/export of data for repeatable processes. With ALTO Exchange integrated online product and service catalogs, instances of of coding and pricing errors are virtually lessened, or even completely eliminated.
The product also ensures that vendors are being paid to terms, with the producer greatly benefiting by availing of the early pay discounts. Suppliers are given the tools to quickly and painlessly follow their portfolio of receivables on demand.
Show MoreOverview of ALTO Exchange Features
- Enables vendors to provide and easily maintain an integrated online product/service catalog
- Makes the customer invoice payment process completely transparent to vendors
- Enables vendors to easily enter and submit invoices online, ensuring correct coding
- Allows use of templates (including Excel) and easy import/export of data for repeatable processes
- Coding and pricing errors are virtually eliminated through use of the ALTO Exchange integrated online product and service catalogs
- Vendors are being paid to terms and the producer is now taking advantage of early pay discounts
- Suppliers are easily able to track their portfolio of receivables on demand
What Problems Will ALTO Exchange Solve?
1. Companies have to deal with their suppliers complaining about missing or never received invoices if they do not have an electronic invoicing system and their suppliers calling and sending emails to investigate the status of their accounts receivables.
With ALTO Exchange, your suppliers enter their invoices electronically with no chance of missing information. These invoices enter directly your company internal Accounts Payable workflow for review, approval, and payment. They also have total transparency to the accounts payable process, as they can login to their ALTO Exchange account and be able to view, and download their accounts receivables for reporting purposes.
2. Companies have to deal with tons of incorrect invoices or are missing required information for their internal approval process.
ALTO Exchange virtually eliminates errors and the need to re-enter data by performing up front data validation applying client-specific business rules.
3. Companies that do have an electronic invoicing platform already have to deal with their supplier complaining about having to enter the information twice as they already have the invoice in their own financial system.
ALTO Exchange is fully integrated with ALTO Upload ICG, which allows organizations to simply choose their preferred level of integration from manual data entry, Excel upload, or XML batch integration. Regardless of the level of integration, all data is transformed to the best industry format.
ALTO Exchange Position In Our Categories
Since businesses have distinct business-related demands, it is only logical they steer clear of adopting an all-encompassing, “perfect” solution. At any rate, it would be difficult to try to discover such an app even among popular software solutions. The practicable step to do is to write the different chief functions that require consideration including key features, packages, technical skill ability of the employees, business size, etc. Next, you should do your research systematically. Have a look at some of these ALTO Exchange review articles and scrutinize each of the software solutions in your shortlist in detail. Such well-rounded product research guarantees you keep away from ill-fitting software solutions and pay for the system that delivers all the features your business requires.
Position of ALTO Exchange in our main categories:
TOP
200
ALTO Exchange is one of the top 200 Accounting Software products
Since each enterprise has unique business needs, it is prudent for them to abstain from seeking a one-size-fits-all ideal software solution. Needless to say, it would be pointless to try to find such a platform even among widely used software solutions. The smart thing to do would be to list the various vital elements that require consideration such as main features, budget, skill levels of workers, company size etc. Then, you should do your homework thoroughly. Read some ALTO Exchange Accounting Software reviews and investigate each of the other apps in your shortlist in detail. Such in-depth homework can make certain you weed out ill-fitting platforms and choose the system that offers all the features you require for business success.
How Much Does ALTO Exchange Cost?
ALTO Exchange Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are ALTO Exchange pricing details?
ALTO Exchange Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
Pricing information available upon request. Contact the vendor directly to get a quote adjusted to your company needs.
User Satisfaction
Positive Social Media Mentions
129
Negative Social Media Mentions
2
We are aware that when you make a decision to purchase a Accounting Software it’s important not only to see how experts rank it in their reviews, but also to find out if the real clients and companies that bought it are indeed satisfied with the product. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and ALTO Exchange reviews across a vast array of social media sites. The data is then displayed in an easy to digest format revealing how many customers had positive and negative experience with ALTO Exchange. With that information available you should be prepared to make an informed business choice that you won’t regret.
Technical details
Devices Supported
- Windows
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for ALTO Exchange?
ALTO Exchange integrates with your accounts payable workflow, financial systems, capital apps, etc.
ALTO Exchange User Reviews
ALTO Exchange average rating:
5/5
Overall impression
5/5
Customer Support
5/5
Value for Money
5/5
Ease of Use
Write your own review of this product
ADD A REVIEWMore reviews from 1 actual users:
5/5
Overall impression
I have seen many systems over my accounting career but I'm blown away by the visionary design of this system. I would recommend the platform to any users. Pros: SaaS, Free for suppliers, embedded BI, out of this world customer service and more Cons: can't think of a reason why a company should not use this system
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Overall impression
I have seen many systems over my accounting career but I'm blown away by the visionary design of this system. I would recommend the platform to any users. Pros: SaaS, Free for suppliers, embedded BI, out of this world customer service and more Cons: can't think of a reason why a company should not use this system
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