How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually diminishes your ability to rapidly and accurately respond to vendors which results in longer cycles, higher processing costs, less oversight, and as a result, unhappy partners. Wave’s Accounts Payable Automation Solutions for the Fort Worth area enhances 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.

Created with State Of The Art Technology And Tailored To Your Company Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture capability receives and reconciles invoices from multiple sources. OCR (optical character recognition) analyzes and extracts critical information, eliminating the propensity for mishaps and time related to with manual data entry.
Invoice

The invoice processor expeditiously identifies and coordinates exceptions, automatically correlates POs, and moves invoices through the acceptance process which can be completed from your desktop or mobile device.
Data Delivery

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

Have operational clarity into your AP workflow through real-time reporting, spend less time and resources, and increase yield.
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 monitor purchase orders. This adds better efficiency to your internal operations, enhances vendor relations, and curtails inquiries, invoice coordinating errors, 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 greatest asset of an automated system, right behind price. In fact, data capture and process efficiencies can improve AP handling time by as much as 81% and reduce operational prices by 92%.

Reduce Costs

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

Boldly automate 90% or more of your AP operations, 3X budget savings compared to legacy workflows, and 2% savings on yearly spending.
No Late Payments

Entirely avoid delayed payments and missed deductions by automating AP.
Improve Compliance

Improve compliance with company-wide standards and administration.
Simplified Audits

Simplify audits with standardized workflows.
More Control

Experience better control and insight of budgeting.
Vendor Satisfaction

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

Quicker queries and approvals.