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Nooxit

Website

Last updated on

Company health

Employee growth
20% increase in the last year
Web traffic
44% decrease in the last quarter

Ratings

G2
3.5/5
(1)

Nooxit description

Nooxit is a German software company that offers cloud-based accounts payable automation. Its software uses artificial intelligence (AI) to read invoices, extract key data, check for errors, and prepare them for posting in your accounting system. Nooxit integrates with major ERP systems and promises to significantly reduce time and costs associated with invoice processing.

Who is Nooxit best for

Nooxit is a cloud-based accounts payable automation software that uses AI to streamline invoice processing. It automates data extraction, error checking, and accounting suggestions, integrating with major ERP systems. Nooxit helps businesses reduce time and costs associated with manual invoice processing, particularly those with high invoice volumes.

  • Best fit for medium to large businesses (100+ employees).

  • Ideal for businesses in finance, banking, and insurance.

Nooxit features

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Nooxit uses AI to automate invoice processing, reducing manual work.
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Nooxit automatically extracts key data from invoices using OCR.
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Nooxit automatically checks invoices for compliance with § 14 of the German VAT Act.
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Nooxit suggests appropriate G/L accounts, cost centers, and VAT codes.
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Nooxit uses AI to predict and assign LZB indicators for foreign payments.
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Nooxit integrates with major ERP systems like SAP, QuickBooks, Xero, Sage, and Microsoft Dynamics 365 Business Central.

Nooxit alternatives

  • Logo of Yooz
    Yooz
    Better fit for companies of all sizes and various industries. Boasts a larger user base. Users praise the automation, ease of use, and customer support. However, some find navigation and integration challenging.
    Read more
  • Logo of Corpay One
    Corpay One
    More US-focused. Caters to a broader spend management need, including expense management and company cards. Has slower invoice processing and occasional bugs.
    Read more
  • Logo of Payhawk
    Payhawk
    Better for larger companies with global operations. Offers company cards, expense tracking, and supports multiple currencies. Stronger customer service and easier to use. Payhawk is a strong Nooxit competitor and alternative.
    Read more
  • Logo of Beiing Human
    Beiing Human
    Better fit for construction and bookkeeping businesses. Nooxit is growing faster.
    Read more
  • Logo of Xelix
    Xelix
    Better for preventing overpayments and fraud. Focuses on statement reconciliation, duplicate invoice detection, and insightful reporting. Caters to larger enterprises and has higher momentum. A Nooxit competitor and alternative.
    Read more
  • Logo of Xero
    Xero
    Better for small to medium businesses needing general accounting features. It has broader industry applicability. Users praise the user-friendly interface and bank reconciliation, but dislike unreliable bank feeds and pricing increases. Xero is a strong QuickBooks and FreshBooks competitor.
    Read more

Nooxit FAQ

  • What is Nooxit and what does Nooxit do?

    Nooxit is a cloud-based accounts payable automation software using AI. It automates invoice processing, data extraction, error checking, and accounting suggestions, integrating with major ERP systems. This reduces processing time and costs for businesses of all sizes.

  • How does Nooxit integrate with other tools?

    Nooxit integrates with major ERP systems such as SAP, QuickBooks, Xero, Sage, and Microsoft Dynamics 365 Business Central, enabling seamless data transfer and automation of invoice processing within existing accounting workflows.

  • What the main competitors of Nooxit?

    Top alternatives to Nooxit include Yooz, a cloud-based AP automation software, Corpay One, a spend management platform for US businesses, and Payhawk, an all-in-one finance platform for larger companies. Other competitors include Beiing Human, Xelix, and Xero.

  • Is Nooxit legit?

    Nooxit appears legitimate, offering AI-powered accounts payable automation and integrating with major ERP systems. Their website traffic and employee growth suggest increasing popularity. However, user reviews and ratings are currently unavailable to confirm its efficacy.

  • How much does Nooxit cost?

    I couldn't find pricing details for Nooxit. For the most current pricing information, it is recommended to visit their website or contact their sales team.

  • Is Nooxit customer service good?

    There is no information available about Nooxit's customer service.

Reviewed by

MK
Michal Kaczor
CEO at Gralio

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.

TT
Tymon Terlikiewicz
CTO at Gralio

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.