How Does Accounts Payable Automation Software Work?

Processing your AP workflows manually stalls your ability to rapidly and accurately respond to vendors which concludes with lengthier cycles, pricier processing costs, less oversight, and as a result, unhappy merchants. Wave’s Accounts Payable Automation Solutions for the San Diego area enhances the end-to-end AP system. We can work 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 Customized To Your Business Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and coordinates invoices from multiple sources. OCR (optical character recognition) classifies and extracts pertinent information, erasing the risk of mishaps and time resulting from with manual data entry.
Invoice

The invoice processor quickly pinpoints and coordinates exceptions, automatically coordinates POs, and sends invoices through the approval process which can be processed from your desktop or mobile device.
Data Delivery

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

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

The supplier portal allows merchants to both load and manage their information, add notes to facilitate communication, review the position of invoices or load them directly, and view purchase orders. This adds better efficiency to your internal workflow, advances merchant relations, and curtails inquiries, invoice correlating problems, and total time to process.

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 asset of an automated system, second to price. In fact, data capture and process efficiencies can enhance AP processing time by as much as 81% and decrease operational prices by 92%.

Reduce Costs

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

Confidently automate 90% or more of your AP workflows, 3X expense savings in comparison to legacy workflows, and 2% savings on annual spending.
No Late Payments

Totally get rid of past-due payments and missed savings by automating AP.
Improve Compliance

Improve compliance with organizational protocols and administration.
Simplified Audits

Simplify audits with pre-determined workflows.
More Control

Experience better governance and clarity of budgeting.
Vendor Satisfaction

Improve vendor relations and improve the experience through self-service portals.
Quicker Actions

Quicker queries and approvals.