How Does Accounts Payable Automation Software Work?

Processing your AP workflows manually diminishes your ability to quickly and precisely respond to partners which concludes with lengthier cycles, more expensive processing costs, less control, and subsequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Glendale area streamlines the end-to-end AP workflow. 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 Best-In-Class Technology And Personalized To Your Company Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our state-of-the-art invoice capture feature ingests and coordinates invoices from multiple places. OCR (optical character recognition) identifies and pulls out important content, erasing the possibility of mishaps and time resulting from with manual data entry.
Invoice

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

Data delivery universally works with any ERP software including SAP, Oracle, NetSuite, or a private portal.
Analytics

Have operational visibility into your AP protocol through reporting in real-time, save time and money, and increase throughput.
Supplier Portal

The supplier portal allows suppliers to both input and manage their data, add additional files to enable communication, confirm the status of invoices or enter them directly, and look at purchase orders. This adds greater efficiency to your internal operations, enhances supplier relations, and minimizes inquiries, invoice coordinating issues, and total processing time.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed directly. “Quicker approval of invoices” is routinely cited by users as the highest asset of an automated workflow, second to cost. In fact, data capture and workflow efficiencies can improve AP processing time by as much as 81% and minimize operational costs by 92%.

Reduce Costs

Reduce cost by removing manual data entry and preparing.
Automate Processes

Boldly automate 90% or more of your AP operations, 3X cost savings as opposed to conventional operations, and 2% savings on yearly spending.
No Late Payments

Completely get rid of delayed payments and missed savings by automating AP.
Improve Compliance

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

Simplify audits with standardized actions.
More Control

Experience greater governance and insight of cash flow.
Vendor Satisfaction

Better supplier relations and cut down the relationship through self-service portals.
Quicker Actions

More rapid queries and approvals.