How Does Accounts Payable Automation Software Work?

Preparing your AP tasks manually stalls your ability to quickly and correctly respond to vendors which leads to longer cycles, higher processing costs, less authority, and subsequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Lincoln area improves 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 Top Notch Technology And Personalized To Your Organization Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and coordinates invoices from multiple locations. OCR (optical character recognition) analyzes and pulls out pertinent content, eliminating the propensity for mistakes and time resulting from with manual data entry.
Invoice

The invoice processor expeditiously identifies and coordinates exceptions, automatically coordinates POs, and routes invoices through the acceptance 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

Have operational visibility into your AP process through reporting in real-time, improve cost and resource efficiency, and improve yield.
Supplier Portal

The supplier portal allows vendors to both enter and manage their data, add attachments to enable communication, confirm the status of invoices or load them directly, and view purchase orders. This adds better efficiency to your internal process, enhances merchant relations, and reduces inquiries, invoice correlating problems, and overall processing time.

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 system, closely followed by cost. In fact, data capture and workflow efficiencies can enhance AP processing time by as much as 81% and minimize operational costs by 92%.

Reduce Costs

Reduce cost by eliminating manual data entry and processing.
Automate Processes

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

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

Improve compliance with company-wide policies and governance.
Simplified Audits

Simplify audits with recorded actions.
More Control

Experience better control and visibility of cash flow.
Vendor Satisfaction

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

More rapid queries and approvals.