How Does Accounts Payable Automation Software Work?

Preparing your AP workflows manually stalls your ability to quickly and correctly respond to merchants which results in longer cycles, higher processing costs, less authority, and subsequently, unhappy partners. Wave’s Accounts Payable Automation Solutions for the Portland area streamlines 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 Personalized To Your Business Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and coordinates invoices from multiple places. OCR (optical character recognition) identifies and pulls out pertinent content, erasing the propensity for errors and time associated with with manual data entry.
Invoice

The invoice processor quickly pinpoints and resolves exceptions, automatically correlates POs, and sends invoices through the acceptance process which can be completed from your computer or mobile device.
Data Delivery

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

Have operational clarity into your AP workflow through reporting in real-time, save time and money, and improve throughput.
Supplier Portal

The supplier portal allows vendors to both load and manage their information, add notes to enable communication, confirm the condition of invoices or enter them directly, and look at purchase orders. This adds better efficiency to your internal operations, improves supplier relations, and reduces inquiries, invoice coordinating errors, 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 frequently cited by users as the highest benefit of an automated system, right behind price. In fact, data capture and process efficiencies can improve AP processing time by as much as 81% and decrease operational costs by 92%.

Reduce Costs

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

Boldly automate 90% or more of your AP processes, 3X budget savings in comparison to conventional processes, and 2% savings on yearly costs.
No Late Payments

Entirely avoid late payments and missed discounts by automating AP.
Improve Compliance

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

Simplify audits with recorded processes.
More Control

Experience better oversight and insight of budgeting.
Vendor Satisfaction

Better vendor relations and simplify the partnership through self-service portals.
Quicker Actions

Faster queries and approvals.