How Does Accounts Payable Automation Software Work?

Handling your AP activities manually stalls your ability to quickly and correctly respond to partners which concludes with longer cycles, higher processing costs, less authority, and consequently, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Chandler area streamlines the end-to-end AP workflow. We can help with SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Created with Best-In-Class Technology And Tailored To Your Organization Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture service consumes and coordinates invoices from multiple places. OCR (optical character recognition) classifies and derives important content, removing the possibility of mistakes and time associated with with manual data entry.
Invoice

The invoice processor quickly identifies and reconciles exceptions, automatically matches POs, and sends invoices through the acceptance process which can be processed from your desktop or mobile device.
Data Delivery

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

Have operational visibility into your AP workflow through real-time reporting, save time and money, and enhance throughput.
Supplier Portal

The supplier portal allows suppliers to both enter and manage their content, add additional files to foster communication, review the condition of invoices or enter them directly, and monitor purchase orders. This adds better efficiency to your internal workflow, advances vendor relations, and reduces inquiries, invoice matching problems, and total time it takes to process.

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 routinely cited by users as the greatest benefit of an automated workflow, closely followed by cost. In fact, data capture and workflow efficiencies can enhance AP preparation time by as much as 81% and reduce operational prices by 92%.

Reduce Costs

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

Fearlessly automate 90% or more of your AP operations, 3X cost savings compared to conventional operations, and 2% savings on yearly costs.
No Late Payments

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

Improve compliance with institutional policies and governance.
Simplified Audits

Simplify audits with recorded workflows.
More Control

Experience greater governance and clarity of budgeting.
Vendor Satisfaction

Better partner relations and cut down the relationship through self-service portals.
Quicker Actions

Faster queries and approvals.