How Does Accounts Payable Automation Software Work?

Processing your AP activities manually diminishes your ability to quickly and correctly respond to vendors which leads to lengthier cycles, pricier processing costs, less authority, and consequently, displeased partners. Wave’s Accounts Payable Automation Solutions for the Houston area improves 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.

Designed With State Of The Art Technology And Tailored To Your Organization Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and reconciles invoices from multiple sources. OCR (optical character recognition) identifies and derives pertinent content, removing the propensity for mistakes and time related to with manual data entry.
Invoice

The invoice processor expeditiously pinpoints and resolves exceptions, automatically correlates POs, and sends invoices through the approval 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 customized portal.
Analytics

Get operational visibility into your AP workflow through real-time reporting, spend less time and resources, and improve output.
Supplier Portal

The supplier portal allows vendors to both input and manage their data, add additional files to foster communication, review the position of invoices or enter them directly, and look at purchase orders. This adds better efficiency to your internal workflow, advances merchant relations, and curtails inquiries, invoice coordinating problems, and overall time 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 recurringly cited by users as the most valuable perk of an automated system, right behind price. In fact, data capture and process efficiencies can better AP handling time by as much as 81% and decrease operational prices by 92%.

Reduce Costs

Reduce expense by removing manual data entry and handling.
Automate Processes

Fearlessly automate 90% or more of your AP processes, 3X budget savings as opposed to conventional processes, and 2% savings on yearly expenditures.
No Late Payments

Entirely eliminate delayed payments and missed savings by automating AP.
Improve Compliance

Improve compliance with organizational standards and controls.
Simplified Audits

Simplify audits with standardized actions.
More Control

Experience better control and clarity of spending.
Vendor Satisfaction

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

More rapid queries and approvals.