How Does Accounts Payable Automation Software Work?

Handling your AP workflows manually slows down your ability to rapidly and correctly respond to partners which concludes with lengthier cycles, more expensive processing costs, less oversight, and subsequently, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Atlanta area improves the end-to-end AP workflow. We can support 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 Tailored To Your Organization Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability receives and reconciles invoices from multiple locations. OCR (optical character recognition) identifies and derives pertinent information, removing the propensity for mishaps and time resulting from with manual data entry.
Invoice

The invoice processor expeditiously pinpoints and coordinates exceptions, automatically matches POs, and sends invoices through the acceptance process which can be processed from your computer 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 insight into your AP protocol through reporting in real-time, spend less time and resources, and improve output.
Supplier Portal

The supplier portal allows suppliers to both input and manage their content, add notes to facilitate communication, check the condition of invoices or enter them directly, and view purchase orders. This adds greater efficiency to your internal operations, improves merchant relations, and curtails inquiries, invoice coordinating issues, and overall time to process.

AP Automation Benefits

According to PayStream Advisors, the total expense related to invoicing is over $40 when processed manually. “Quicker approval of invoices” is frequently cited by users as the greatest asset of an automated process, second to cost. In fact, data capture and workflow efficiencies can better AP preparation time by as much as 81% and decrease operational prices by 92%.

Reduce Costs

Reduce cost by eliminating manual data entry and processing.
Automate Processes

Fearlessly automate 90% or more of your AP operations, 3X cost savings in comparison to traditional processes, and 2% savings on annual spending.
No Late Payments

Totally eliminate late payments and missed savings by automating AP.
Improve Compliance

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

Simplify audits with recorded actions.
More Control

Experience better governance and insight of spending.
Vendor Satisfaction

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

Faster queries and approvals.