How Does Accounts Payable Automation Software Work?

Handling your AP workflows manually diminishes your ability to quickly and accurately respond to vendors which leads to lengthier cycles, pricier processing costs, less oversight, and consequently, discontent merchants. Wave’s Accounts Payable Automation Solutions for the San Jose area streamlines the end-to-end AP workflow. We can support SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Designed With Top Notch Technology And Personalized To Your Business Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability receives and resolves invoices from multiple sources. OCR (optical character recognition) classifies and extracts important data, erasing the risk of mishaps and time associated with with manual data entry.
Invoice

The invoice processor expeditiously identifies and resolves exceptions, automatically correlates POs, and sends invoices through the approval process which can be completed from your desktop or mobile device.
Data Delivery

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

Get operational insight into your AP workflow through real-time reporting, spend less time and resources, and improve output.
Supplier Portal

The supplier portal allows vendors to both load and manage their information, add notes to facilitate communication, confirm the condition of invoices or input them directly, and look at purchase orders. This adds more efficiency to your internal workflow, improves merchant relations, and reduces inquiries, invoice matching errors, and overall processing time.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed directly. “Quicker approval of invoices” is routinely cited by users as the most valuable benefit of an automated process, right behind cost. In fact, data capture and workflow efficiencies can better AP processing time by as much as 81% and decrease operational expenses by 92%.

Reduce Costs

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

Fearlessly automate 90% or more of your AP workflows, 3X budget savings as opposed to conventional processes, and 2% savings on yearly expenditures.
No Late Payments

Completely get rid of late payments and missed deductions by automating AP.
Improve Compliance

Improve compliance with organizational standards and controls.
Simplified Audits

Simplify audits with recorded workflows.
More Control

Experience better control and visibility of spending.
Vendor Satisfaction

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

Quicker queries and approvals.