How Does Accounts Payable Automation Software Work?

Processing your AP workflows manually stalls your ability to quickly and accurately respond to partners which concludes with lengthier cycles, pricier processing costs, less authority, and consequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Mesa area enhances 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 State Of The Art Technology And Customized To Your Organization Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture feature consumes and resolves invoices from multiple places. OCR (optical character recognition) identifies and pulls out critical information, eliminating the risk of errors and time resulting from with manual data entry.
Invoice

The invoice processor rapidly pinpoints and reconciles exceptions, automatically coordinates POs, and sends invoices through the acceptance process which can be completed from your desktop or mobile device.
Data Delivery

Data delivery universally integrates with any ERP software 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 improve throughput.
Supplier Portal

The supplier portal allows vendors to both load and manage their information, add notes to foster communication, check the condition of invoices or enter them directly, and look at purchase orders. This adds more efficiency to your internal operations, enhances merchant relations, and curtails inquiries, invoice matching issues, and overall time it takes to process.

AP Automation Benefits

According to PayStream Advisors, the total expense related to invoicing is over $40 when processed directly. “Quicker approval of invoices” is frequently cited by users as the highest perk of an automated process, closely followed by cost. In fact, data capture and workflow efficiencies can better AP handling time by as much as 81% and reduce operational costs by 92%.

Reduce Costs

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

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

Completely avoid late payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with company-wide protocols and governance.
Simplified Audits

Simplify audits with recorded workflows.
More Control

Experience more control and visibility of spending.
Vendor Satisfaction

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

More rapid queries and approvals.