How Does Accounts Payable Automation Software Work?

Handling your AP activities manually stalls your ability to quickly and accurately respond to merchants which concludes with longer cycles, higher processing costs, less control, and consequently, displeased partners. Wave’s Accounts Payable Automation Solutions for the Fresno area improves 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 Customized To Your Business Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture feature consumes and resolves invoices from multiple locations. OCR (optical character recognition) classifies and extracts critical data, erasing the propensity for errors and time related to with manual data entry.
Invoice

The invoice processor rapidly identifies and coordinates exceptions, automatically matches POs, and routes invoices through the approval process which can be processed from your desktop or mobile device.
Data Delivery

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

Gain operational clarity into your AP process through real-time reporting, save time and money, and increase throughput.
Supplier Portal

The supplier portal allows vendors to both load and manage their data, add additional files to foster communication, review the position of invoices or load them directly, and view purchase orders. This adds more efficiency to your internal process, improves merchant relations, and minimizes inquiries, invoice matching issues, and total time to process.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed by hand. “Quicker approval of invoices” is recurringly cited by users as the highest benefit of an automated process, closely followed by cost. In fact, data capture and workflow efficiencies can improve AP preparation time by as much as 81% and decrease operational expenses by 92%.

Reduce Costs

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

Fearlessly automate 90% or more of your AP processes, 3X expense savings in comparison to legacy operations, and 2% savings on annual costs.
No Late Payments

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

Improve compliance with institutional standards and administration.
Simplified Audits

Simplify audits with standardized workflows.
More Control

Experience more oversight and clarity of cash flow.
Vendor Satisfaction

Improve supplier relations and cut down the relationship through self-service portals.
Quicker Actions

Faster queries and approvals.