How Does Accounts Payable Automation Software Work?

Handling your AP workflows manually diminishes your ability to with agility and precisely respond to partners which leads to longer cycles, pricier processing costs, less control, and as a result, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Sacramento 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.

Built On Best-In-Class Technology And Tailored To Your Company Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

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

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

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

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

The supplier portal allows vendors to both input and manage their content, add additional files to enable communication, review the condition of invoices or load them directly, and monitor purchase orders. This adds more efficiency to your internal workflow, improves merchant relations, and reduces inquiries, invoice correlating issues, and overall time it takes to process.

AP Automation Benefits

According to PayStream Advisors, the total cost of invoicing is over $40 when processed manually. “Quicker approval of invoices” is recurringly cited by users as the highest asset of an automated process, closely followed by cost. In fact, data capture and workflow efficiencies can enhance AP processing time by as much as 81% and minimize operational prices by 92%.

Reduce Costs

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

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

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

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

Simplify audits with pre-determined actions.
More Control

Experience better control and visibility of budgeting.
Vendor Satisfaction

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

More rapid queries and approvals.