How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually diminishes your ability to quickly and accurately respond to vendors which results in lengthier cycles, pricier processing costs, less oversight, and subsequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Raleigh area streamlines the end-to-end AP system. 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 Customized To Your Company Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture feature ingests and coordinates invoices from multiple sources. OCR (optical character recognition) identifies and extracts pertinent information, removing the risk of mistakes and time resulting from with manual data entry.
Invoice

The invoice processor expeditiously finds and resolves exceptions, automatically matches POs, and moves invoices through the approval process which can be completed from your computer or mobile device.
Data Delivery

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

Gain operational clarity into your AP protocol through real-time reporting, save time and money, and increase throughput.
Supplier Portal

The supplier portal allows merchants to both enter and manage their data, add notes to enable communication, check the status of invoices or enter them directly, and monitor purchase orders. This adds greater efficiency to your internal process, enhances vendor relations, and minimizes inquiries, invoice correlating issues, 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 routinely cited by users as the greatest asset of an automated system, closely followed by expense. In fact, data capture and system efficiencies can enhance AP preparation time by as much as 81% and decrease operational expenses by 92%.

Reduce Costs

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

Boldly automate 90% or more of your AP operations, 3X expense savings in comparison to conventional operations, and 2% savings on yearly costs.
No Late Payments

Totally get rid of late payments and missed savings by automating AP.
Improve Compliance

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

Simplify audits with recorded workflows.
More Control

Experience more control and visibility of budgeting.
Vendor Satisfaction

Enhance partner relations and cut down the experience through self-service portals.
Quicker Actions

More rapid queries and approvals.