How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually diminishes your ability to rapidly and correctly respond to merchants which concludes with longer cycles, pricier processing costs, less control, and subsequently, displeased partners. Wave’s Accounts Payable Automation Solutions for the Jacksonville area enhances the end-to-end AP process. 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 Company Requirements, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture capability ingests and reconciles invoices from multiple places. OCR (optical character recognition) classifies and derives pertinent content, eliminating the possibility of mishaps and time associated with with manual data entry.
Invoice

The invoice processor expeditiously identifies and resolves exceptions, automatically coordinates POs, and sends invoices through the acceptance process which can be done 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 process through reporting in real-time, spend less time and resources, and increase yield.
Supplier Portal

The supplier portal allows suppliers to both input and manage their content, add notes to foster communication, check the position of invoices or load them directly, and monitor purchase orders. This adds better efficiency to your internal operations, enhances vendor relations, and minimizes inquiries, invoice matching errors, and overall time to process.

AP Automation Benefits

According to PayStream Advisors, the total cost of invoicing is over $40 when processed by hand. “Quicker approval of invoices” is recurringly cited by users as the greatest asset of an automated system, second to price. In fact, data capture and process efficiencies can improve AP handling time by as much as 81% and decrease operational costs by 92%.

Reduce Costs

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

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

Completely get rid of delayed payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with institutional protocols and administration.
Simplified Audits

Simplify audits with pre-determined actions.
More Control

Experience more oversight and visibility of spending.
Vendor Satisfaction

Improve partner relations and cut down the relationship through self-service portals.
Quicker Actions

More rapid queries and approvals.