How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually diminishes your ability to with agility and correctly respond to merchants which concludes with longer cycles, more expensive processing costs, less authority, and subsequently, displeased partners. Wave’s Accounts Payable Automation Solutions for the New Orleans area streamlines the end-to-end AP system. We can help 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 Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and resolves invoices from multiple locations. OCR (optical character recognition) classifies and extracts important information, erasing the risk of mistakes and time associated with with manual data entry.
Invoice

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

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

Gain operational visibility into your AP protocol through real-time reporting, improve cost and resource efficiency, and enhance throughput.
Supplier Portal

The supplier portal allows vendors to both load and manage their information, add attachments to enable communication, review the condition of invoices or input them directly, and look at purchase orders. This adds better efficiency to your internal operations, advances supplier relations, and minimizes inquiries, invoice coordinating errors, and overall 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 process, second to cost. In fact, data capture and workflow efficiencies can better AP processing time by as much as 81% and decrease operational expenses by 92%.

Reduce Costs

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

Boldly automate 90% or more of your AP processes, 3X budget savings as opposed to conventional workflows, and 2% savings on annual costs.
No Late Payments

Totally get rid of delayed payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with institutional protocols and administration.
Simplified Audits

Simplify audits with pre-determined workflows.
More Control

Experience better oversight and visibility of cash flow.
Vendor Satisfaction

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

Quicker queries and approvals.