How Does Accounts Payable Automation Software Work?

Handling your AP workflows manually slows down your ability to quickly and precisely respond to vendors which leads to longer cycles, pricier processing costs, less authority, and subsequently, unhappy partners. Wave’s Accounts Payable Automation Solutions for the Hialeah area improves the end-to-end AP system. We can support SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Designed With Top Notch Technology And Customized To Your Company Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and reconciles invoices from multiple locations. OCR (optical character recognition) identifies and extracts important information, eliminating the risk of mishaps and time related to with manual data entry.
Invoice

The invoice processor quickly finds and coordinates exceptions, automatically correlates POs, and sends invoices through the approval process which can be done from your desktop or mobile device.
Data Delivery

Data delivery universally integrates with any ERP tool including SAP, Oracle, NetSuite, or a customized portal.
Analytics

Have operational visibility into your AP process through real-time reporting, spend less time and resources, and enhance yield.
Supplier Portal

The supplier portal allows suppliers to both load and manage their data, add attachments to facilitate communication, review the position of invoices or load them directly, and look at purchase orders. This adds better efficiency to your internal process, enhances supplier relations, and reduces inquiries, invoice correlating errors, and overall time to process.

AP Automation Benefits

According to PayStream Advisors, the total expense related to invoicing is over $40 when processed manually. “Quicker approval of invoices” is recurringly cited by users as the highest benefit of an automated system, closely followed by expense. In fact, data capture and system efficiencies can better AP handling time by as much as 81% and reduce operational prices by 92%.

Reduce Costs

Reduce expense by eliminating manual data entry and handling.
Automate Processes

Boldly automate 90% or more of your AP operations, 3X expense savings as opposed to legacy workflows, and 2% savings on yearly expenditures.
No Late Payments

Entirely get rid of past-due payments and missed savings by automating AP.
Improve Compliance

Improve compliance with organizational protocols and administration.
Simplified Audits

Simplify audits with recorded processes.
More Control

Experience greater governance and insight of spending.
Vendor Satisfaction

Improve supplier relations and improve the partnership through self-service portals.
Quicker Actions

Quicker queries and approvals.