How Does Accounts Payable Automation Software Work?

Preparing your AP tasks manually stalls your ability to quickly and correctly respond to vendors which concludes with lengthier cycles, pricier processing costs, less control, and consequently, discontent vendors. Wave’s Accounts Payable Automation Solutions for the Chula Vista area enhances the end-to-end AP system. 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 Personalized To Your Business Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our state-of-the-art invoice capture feature receives and resolves invoices from multiple locations. OCR (optical character recognition) identifies and pulls out important information, erasing the propensity for mishaps and time resulting from with manual data entry.
Invoice

The invoice processor rapidly finds and reconciles exceptions, automatically correlates POs, and moves invoices through the approval process which can be done from your computer or mobile device.
Data Delivery

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

Have operational visibility into your AP protocol through real-time reporting, improve cost and resource efficiency, and enhance output.
Supplier Portal

The supplier portal allows vendors to both load and manage their data, add additional files to foster communication, review the position of invoices or load them directly, and monitor purchase orders. This adds greater efficiency to your internal workflow, improves supplier relations, and minimizes inquiries, invoice matching problems, and total processing time.

AP Automation Benefits

According to PayStream Advisors, the total cost of invoicing is over $40 when processed manually. “Quicker approval of invoices” is routinely cited by users as the most valuable perk of an automated system, closely followed by cost. In fact, data capture and workflow efficiencies can enhance AP handling time by as much as 81% and minimize operational expenses by 92%.

Reduce Costs

Reduce price by removing manual data entry and processing.
Automate Processes

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

Totally eliminate past-due payments and missed deductions by automating AP.
Improve Compliance

Improve compliance with company-wide policies and controls.
Simplified Audits

Simplify audits with pre-determined processes.
More Control

Experience more oversight and clarity of spending.
Vendor Satisfaction

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

Quicker queries and approvals.