How Does Accounts Payable Automation Software Work?

Processing your AP activities manually stalls your ability to quickly and precisely respond to merchants which concludes with longer cycles, more expensive processing costs, less authority, and as a result, unhappy merchants. Wave’s Accounts Payable Automation Solutions for the Jersey City area enhances the end-to-end AP process. We can help with SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Built On Best-In-Class Technology And Customized To Your Business Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our state-of-the-art invoice capture feature ingests and resolves invoices from multiple places. OCR (optical character recognition) analyzes and pulls out pertinent data, erasing the propensity for errors and time related to with manual data entry.
Invoice

The invoice processor expeditiously finds and coordinates exceptions, automatically matches POs, and routes invoices through the confirmation process which can be completed from your desktop or mobile device.
Data Delivery

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

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

The supplier portal allows merchants to both enter and manage their content, add additional files to enable communication, review the condition of invoices or load them directly, and monitor purchase orders. This adds better efficiency to your internal workflow, enhances supplier relations, and minimizes inquiries, invoice matching problems, and total processing time.

AP Automation Benefits

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

Reduce Costs

Reduce cost by stopping manual data entry and handling.
Automate Processes

Fearlessly automate 90% or more of your AP operations, 3X expense savings as opposed to traditional operations, and 2% savings on yearly costs.
No Late Payments

Entirely avoid late payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with company-wide protocols and controls.
Simplified Audits

Simplify audits with standardized workflows.
More Control

Experience better oversight and visibility of budgeting.
Vendor Satisfaction

Enhance partner relations and cut down the experience through self-service portals.
Quicker Actions

More rapid queries and approvals.