How Does Accounts Payable Automation Software Work?

Processing your AP workflows manually slows down your ability to quickly and accurately respond to vendors which leads to lengthier cycles, pricier processing costs, less authority, and subsequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Anaheim area streamlines the end-to-end AP process. We can work 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 Business Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture capability ingests and coordinates invoices from multiple places. OCR (optical character recognition) analyzes and extracts critical content, removing the propensity for errors and time associated with with manual data entry.
Invoice

The invoice processor expeditiously finds and resolves exceptions, automatically correlates POs, and routes invoices through the acceptance process which can be processed from your desktop or mobile device.
Data Delivery

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

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

The supplier portal allows merchants to both load and manage their content, add additional files to foster communication, check the condition of invoices or enter them directly, and view purchase orders. This adds more efficiency to your internal operations, enhances vendor relations, and minimizes inquiries, invoice coordinating errors, and overall time to process.

AP Automation Benefits

According to PayStream Advisors, the total expense related to invoicing is over $40 when processed by hand. “Quicker approval of invoices” is frequently cited by users as the highest perk of an automated system, second to expense. In fact, data capture and system efficiencies can enhance AP processing time by as much as 81% and decrease operational costs by 92%.

Reduce Costs

Reduce price by eliminating manual data entry and preparing.
Automate Processes

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

Entirely avoid past-due payments and missed savings by automating AP.
Improve Compliance

Improve compliance with organizational standards and governance.
Simplified Audits

Simplify audits with recorded actions.
More Control

Experience more control and insight of budgeting.
Vendor Satisfaction

Better supplier relations and simplify the experience through self-service portals.
Quicker Actions

More rapid queries and approvals.