How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually slows down your ability to with agility and accurately respond to vendors which results in longer cycles, more expensive processing costs, less control, and subsequently, unhappy merchants. Wave’s Accounts Payable Automation Solutions for the Dallas area streamlines the end-to-end AP process. We can help with SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Created with Best-In-Class Technology And Tailored To Your Business Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture service receives and reconciles invoices from multiple sources. OCR (optical character recognition) classifies and pulls out pertinent data, erasing the possibility of mistakes and time related to with manual data entry.
Invoice

The invoice processor expeditiously pinpoints and coordinates exceptions, automatically correlates POs, and moves invoices through the confirmation process which can be done from your computer or mobile device.
Data Delivery

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

Gain operational visibility into your AP workflow through reporting in real-time, spend less time and resources, and increase throughput.
Supplier Portal

The supplier portal allows suppliers to both enter and manage their data, add notes to facilitate communication, check the position of invoices or load them directly, and view purchase orders. This adds better efficiency to your internal workflow, improves supplier relations, and reduces inquiries, invoice coordinating problems, and overall time to process.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed manually. “Quicker approval of invoices” is routinely cited by users as the greatest benefit of an automated workflow, right behind cost. In fact, data capture and workflow efficiencies can enhance AP preparation time by as much as 81% and reduce operational prices by 92%.

Reduce Costs

Reduce cost by removing manual data entry and preparing.
Automate Processes

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

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

Improve compliance with organizational protocols and controls.
Simplified Audits

Simplify audits with recorded workflows.
More Control

Experience more governance and clarity of spending.
Vendor Satisfaction

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

Faster queries and approvals.