How Does Accounts Payable Automation Software Work?

Processing your AP activities manually stalls your ability to with agility and precisely respond to partners which leads to longer cycles, higher processing costs, less oversight, and consequently, displeased partners. Wave’s Accounts Payable Automation Solutions for the Scottsdale area enhances 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.

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

Invoice Capture

Our state-of-the-art invoice capture capability ingests and reconciles invoices from multiple places. OCR (optical character recognition) identifies and derives pertinent information, erasing the possibility of errors and time resulting from with manual data entry.
Invoice

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

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

Gain operational clarity into your AP workflow through real-time reporting, save time and money, and increase throughput.
Supplier Portal

The supplier portal allows merchants to both input and manage their information, add additional files to facilitate communication, review the condition of invoices or load them directly, and view purchase orders. This adds better efficiency to your internal workflow, advances vendor relations, and reduces inquiries, invoice correlating problems, and total time to process.

AP Automation Benefits

According to PayStream Advisors, the total expense related to invoicing is over $40 when processed by hand. “Quicker approval of invoices” is routinely cited by users as the most valuable asset of an automated process, right behind expense. In fact, data capture and system efficiencies can better AP handling 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

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

Completely eliminate late payments and missed savings by automating AP.
Improve Compliance

Improve compliance with organizational policies and controls.
Simplified Audits

Simplify audits with standardized actions.
More Control

Experience more control and clarity of spending.
Vendor Satisfaction

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

Faster queries and approvals.