How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually stalls your ability to quickly and precisely respond to vendors which concludes with lengthier cycles, higher processing costs, less oversight, and subsequently, discontent partners. Wave’s Accounts Payable Automation Solutions for the Charlotte area streamlines the end-to-end AP process. We can work with 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 Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture service receives and resolves invoices from multiple locations. OCR (optical character recognition) analyzes and pulls out important information, erasing the propensity for mishaps and time associated with with manual data entry.
Invoice

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

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

Get operational visibility into your AP protocol through reporting in real-time, save time and money, and enhance output.
Supplier Portal

The supplier portal allows merchants to both input and manage their content, add additional files to facilitate communication, check the position of invoices or input them directly, and monitor purchase orders. This adds more efficiency to your internal operations, improves vendor relations, and reduces inquiries, invoice matching errors, and total time to process.

AP Automation Benefits

According to PayStream Advisors, the total cost of invoicing is over $40 when processed by hand. “Quicker approval of invoices” is routinely cited by users as the most valuable benefit 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 handling.
Automate Processes

Boldly automate 90% or more of your AP processes, 3X expense savings in comparison to traditional workflows, and 2% savings on annual expenditures.
No Late Payments

Completely avoid past-due payments and missed deductions by automating AP.
Improve Compliance

Improve compliance with institutional standards and governance.
Simplified Audits

Simplify audits with recorded actions.
More Control

Experience better control and clarity of budgeting.
Vendor Satisfaction

Better partner relations and simplify the relationship through self-service portals.
Quicker Actions

Quicker queries and approvals.