How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually diminishes your ability to quickly and correctly respond to merchants which results in lengthier cycles, more expensive processing costs, less control, and subsequently, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Tucson area improves the end-to-end AP process. We can help with SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Designed With Best-In-Class Technology And Personalized To Your Business Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our state-of-the-art invoice capture feature receives and coordinates invoices from multiple locations. OCR (optical character recognition) classifies and derives pertinent content, eliminating the risk of errors and time related to with manual data entry.
Invoice

The invoice processor rapidly finds and reconciles exceptions, automatically correlates POs, and routes invoices through the approval process which can be processed from your computer or mobile device.
Data Delivery

Data delivery universally incorporates with any ERP system including SAP, Oracle, NetSuite, or a customized portal.
Analytics

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

The supplier portal allows vendors to both enter and manage their data, add attachments to enable communication, review the position of invoices or input them directly, and view purchase orders. This adds greater efficiency to your internal process, advances merchant relations, and minimizes 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 manually. “Quicker approval of invoices” is routinely cited by users as the highest perk of an automated system, right behind expense. In fact, data capture and system efficiencies can enhance AP preparation time by as much as 81% and decrease operational prices by 92%.

Reduce Costs

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

Fearlessly automate 90% or more of your AP processes, 3X cost savings in comparison to traditional processes, and 2% savings on annual costs.
No Late Payments

Totally get rid of late payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with institutional policies and governance.
Simplified Audits

Simplify audits with standardized processes.
More Control

Experience greater governance and visibility of budgeting.
Vendor Satisfaction

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

Quicker queries and approvals.