How Does Accounts Payable Automation Software Work?

Preparing your AP workflows manually slows down your ability to quickly and accurately respond to merchants which concludes with longer cycles, more expensive processing costs, less oversight, and consequently, discontent merchants. Wave’s Accounts Payable Automation Solutions for the Buffalo area enhances the end-to-end AP system. 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 Customized To Your Organization Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture capability ingests and coordinates invoices from multiple locations. OCR (optical character recognition) classifies and extracts pertinent data, removing the possibility of mishaps and time related to with manual data entry.
Invoice

The invoice processor rapidly pinpoints and coordinates exceptions, automatically matches POs, and sends invoices through the confirmation process which can be completed from your computer or mobile device.
Data Delivery

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

Gain operational visibility into your AP process through reporting in real-time, save time and money, and improve output.
Supplier Portal

The supplier portal allows vendors to both enter and manage their data, add additional files to enable communication, check the status of invoices or load them directly, and look at purchase orders. This adds more efficiency to your internal process, advances vendor relations, and curtails inquiries, invoice matching errors, and total time it takes to process.

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 highest asset of an automated workflow, closely followed by price. In fact, data capture and process efficiencies can better AP handling time by as much as 81% and reduce operational costs by 92%.

Reduce Costs

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

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

Completely eliminate past-due payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with organizational protocols and controls.
Simplified Audits

Simplify audits with standardized workflows.
More Control

Experience better governance and clarity of budgeting.
Vendor Satisfaction

Enhance supplier relations and simplify the relationship through self-service portals.
Quicker Actions

More rapid queries and approvals.