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Nook description
Nook is a cloud-based financial management software that helps businesses streamline their accounts payable and receivable processes. It allows you to manage invoices, automate approvals, and make bulk payments in multiple currencies, all from one platform. Nook integrates with popular accounting software to provide a centralized view of your finances and aims to reduce manual data entry, minimize errors, and improve overall efficiency in managing your company's cash flow.
Who is Nook best for
Nook is a cloud-based financial management solution designed for small businesses, especially those in finance and software/IT. It streamlines accounts payable and receivable processes, automating tasks such as invoice approvals and bulk payments. Nook integrates with popular accounting software and supports multiple currencies.
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Best fit for small businesses.
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Suitable for businesses in finance and software/IT.
Nook features
| Supported Nook allows scheduling payments to vendors in advance. |
| Supported Nook enables businesses to send multiple payments simultaneously, streamlining the process. |
| Supported Nook integrates with QuickBooks for streamlined expense management. |
| Supported Nook supports payments and payouts in multiple currencies through integrations like Currencycloud and multi-currency wallets. |
| Supported Nook supports automated invoice approval workflows, including routing and tracking. |
| Supported Nook automates accounts payable, from invoice processing to payment execution. |
Nook pricing
See the Nook pricing page.
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Nook has a free trial.
Payments
Unlimited payments, unlimited payroll, 2 users, and 1 approval workflow. FX fees range from 0.2% to 1.5%.
Payments + Accounts Payable
All features from Payments plan plus: capture and purchase orders, unlimited users and approval workflows. Includes 50 processed invoices.
Nook alternatives
PeakfloBetter for medium and large businesses. Has more momentum. Offers payment reminders, failed payment handling, and customizable workflows. Southeast Asia focused. A Nook competitor and alternative.Read more
InvoicedBetter for mid-size and large businesses. More industry applications. Has positive user reviews, but also some negative feedback regarding specific features. Has less momentum.Read more
SAP ConcurBetter for travel and expense management, with wider industry applicability. Has more momentum based on employee growth. Popular for its receipt capture feature and corporate card integration. However, users dislike the clunky UI and complex audit feature. SAP Concur is a strong Nook alternative and competitor.Read more
BookipiBetter for freelancers and small businesses needing basic invoicing, expense tracking, and website building features. Has a free plan. Growing faster than Nook. More industry coverage.Read more
XelixBetter for enterprise companies needing AI-powered AP automation. Has grown its employee base more rapidly. Users love its duplicate invoice detection and statement reconciliation. However, some find the interface slow with large files.Read more
LightyearBetter for a wider range of industries and company sizes. It has a strong reputation and positive customer reviews, unlike its Nook alternative. Lightyear also offers receipt management which is missing from Nook. It is growing faster than Nook.Read more
Nook FAQ
What is Nook and what does Nook do?
Nook is a cloud-based financial management software designed to streamline accounts payable and receivable processes. It automates invoice approvals, manages payments in multiple currencies, and integrates with accounting software. Nook aims to improve efficiency and reduce errors in managing business cash flow.
How does Nook integrate with other tools?
Nook integrates with popular accounting software, such as QuickBooks, to streamline expense management. It also supports multi-currency payments and payouts through integrations like Currencycloud. This offers a centralized financial view.
What the main competitors of Nook?
Nook's main competitors include Peakflo, Invoiced, and Lightyear. These alternatives offer similar features for automating financial processes, managing invoices, and streamlining payments. While Peakflo targets growing businesses, Invoiced focuses on mid-sized and larger companies, and Lightyear caters to businesses of all sizes.
Is Nook legit?
Yes, Nook is a legitimate cloud-based financial management software. It helps businesses streamline accounts payable and receivable processes, offering features like automated invoice approvals and bulk payments. Nook integrates with popular accounting software and supports multiple currencies. G2 gives it a 4.5/5 rating, indicating user satisfaction.
How much does Nook cost?
Nook's Payments plan costs £20/month. The Payments + Accounts Payable plan is priced at £50/month with additional processed invoices costing £0.80 each. A 30-day free trial is available for both plans.
Is Nook customer service good?
There is no information available about Nook's customer service.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.