How Does Accounts Payable Automation Software Work?

Handling your AP tasks manually diminishes your ability to rapidly and correctly respond to vendors which concludes with lengthier cycles, more expensive processing costs, less control, and as a result, unhappy vendors. Wave’s Accounts Payable Automation Solutions for the Santa Ana area improves the end-to-end AP workflow. We can help with SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Built On Best-In-Class 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 places. OCR (optical character recognition) analyzes and extracts pertinent information, erasing the propensity for mistakes and time related to with manual data entry.
Invoice

The invoice processor rapidly finds 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 works with any ERP software including SAP, Oracle, NetSuite, or a home grown portal.
Analytics

Gain operational clarity into your AP process through reporting in real-time, improve cost and resource efficiency, and increase yield.
Supplier Portal

The supplier portal allows suppliers to both enter and manage their data, add notes to foster communication, check the status of invoices or enter them directly, and view purchase orders. This adds more efficiency to your internal process, improves vendor relations, and curtails inquiries, invoice coordinating errors, and overall time it takes to process.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed by hand. “Quicker approval of invoices” is frequently cited by users as the most valuable perk of an automated system, right behind cost. In fact, data capture and workflow efficiencies can improve AP handling time by as much as 81% and reduce operational expenses by 92%.

Reduce Costs

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

Confidently automate 90% or more of your AP processes, 3X budget savings as opposed to traditional operations, and 2% savings on annual expenditures.
No Late Payments

Totally get rid of past-due payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with institutional policies and administration.
Simplified Audits

Simplify audits with pre-determined actions.
More Control

Experience better governance and visibility of spending.
Vendor Satisfaction

Improve vendor relations and simplify the experience through self-service portals.
Quicker Actions

Quicker queries and approvals.