How Does Accounts Payable Automation Software Work?

Preparing your AP tasks manually diminishes your ability to quickly and accurately respond to merchants which concludes with longer cycles, pricier processing costs, less control, and consequently, unhappy partners. Wave’s Accounts Payable Automation Solutions for the El Paso area streamlines the end-to-end AP process. We can support SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Built On State Of The Art Technology And Tailored To Your Company Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our state-of-the-art invoice capture service ingests and resolves invoices from multiple places. OCR (optical character recognition) identifies and pulls out pertinent information, removing the possibility of mistakes and time associated with with manual data entry.
Invoice

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

Data delivery universally incorporates with any ERP tool including SAP, Oracle, NetSuite, or a home grown portal.
Analytics

Gain operational insight into your AP process through reporting in real-time, spend less time and resources, and enhance output.
Supplier Portal

The supplier portal allows vendors to both enter and manage their content, add additional files to facilitate communication, confirm the position of invoices or enter them directly, and look at purchase orders. This adds better efficiency to your internal operations, improves supplier relations, and curtails inquiries, invoice coordinating problems, and overall processing time.

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 greatest perk of an automated workflow, right behind cost. In fact, data capture and workflow efficiencies can improve AP preparation time by as much as 81% and reduce operational prices by 92%.

Reduce Costs

Reduce price by removing manual data entry and preparing.
Automate Processes

Boldly automate 90% or more of your AP workflows, 3X expense savings in comparison to conventional workflows, and 2% savings on yearly costs.
No Late Payments

Completely avoid delayed payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with organizational standards and administration.
Simplified Audits

Simplify audits with recorded workflows.
More Control

Experience greater governance and visibility of budgeting.
Vendor Satisfaction

Improve vendor relations and cut down the partnership through self-service portals.
Quicker Actions

More rapid queries and approvals.