How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually slows down your ability to with agility and correctly respond to merchants which leads to lengthier cycles, more expensive processing costs, less authority, and as a result, discontent vendors. Wave’s Accounts Payable Automation Solutions for the North Las Vegas area enhances 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.

Built On Top Notch Technology And Tailored To Your Organization Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and resolves invoices from multiple places. OCR (optical character recognition) analyzes and extracts critical data, removing the possibility of mistakes and time related to with manual data entry.
Invoice

The invoice processor expeditiously finds and reconciles exceptions, automatically matches POs, and moves invoices through the confirmation process which can be done from your computer or mobile device.
Data Delivery

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

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

The supplier portal allows suppliers to both enter and manage their data, add attachments to facilitate communication, confirm the condition of invoices or input them directly, and view purchase orders. This adds better efficiency to your internal workflow, enhances merchant relations, and minimizes inquiries, invoice matching problems, and total time to process.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed directly. “Quicker approval of invoices” is recurringly cited by users as the most valuable perk of an automated workflow, closely followed by expense. In fact, data capture and system efficiencies can better AP handling time by as much as 81% and reduce operational expenses by 92%.

Reduce Costs

Reduce expense by stopping manual data entry and preparing.
Automate Processes

Confidently automate 90% or more of your AP workflows, 3X expense savings compared to traditional workflows, and 2% savings on yearly costs.
No Late Payments

Entirely get rid of delayed payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with institutional protocols and governance.
Simplified Audits

Simplify audits with recorded workflows.
More Control

Experience greater governance and visibility of spending.
Vendor Satisfaction

Enhance vendor relations and simplify the partnership through self-service portals.
Quicker Actions

Quicker queries and approvals.