How Does Accounts Payable Automation Software Work?

Preparing your AP activities manually slows down your ability to rapidly and accurately respond to partners which concludes with longer cycles, higher processing costs, less oversight, and consequently, unhappy merchants. Wave’s Accounts Payable Automation Solutions for the Henderson area improves 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 Top Notch Technology And Tailored To Your Organization Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability receives and resolves invoices from multiple places. OCR (optical character recognition) classifies and extracts critical information, eliminating the risk of errors and time associated with with manual data entry.
Invoice

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

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

Get operational clarity into your AP protocol through reporting in real-time, save time and money, and improve throughput.
Supplier Portal

The supplier portal allows merchants to both load and manage their information, add notes to facilitate communication, check the status of invoices or load them directly, and look at purchase orders. This adds greater efficiency to your internal operations, advances supplier relations, and curtails inquiries, invoice matching issues, and overall time it takes to process.

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 greatest asset of an automated process, second to price. In fact, data capture and process efficiencies can enhance AP preparation time by as much as 81% and reduce operational prices by 92%.

Reduce Costs

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

Fearlessly automate 90% or more of your AP processes, 3X expense savings compared to traditional workflows, and 2% savings on yearly costs.
No Late Payments

Completely get rid of late payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with organizational policies and administration.
Simplified Audits

Simplify audits with pre-determined processes.
More Control

Experience more oversight and visibility of spending.
Vendor Satisfaction

Improve partner relations and improve the partnership through self-service portals.
Quicker Actions

More rapid queries and approvals.