How Does Accounts Payable Automation Software Work?

Processing your AP activities manually slows down your ability to rapidly and correctly respond to vendors which leads to longer cycles, more expensive processing costs, less control, and as a result, displeased merchants. Wave’s Accounts Payable Automation Solutions for the San Francisco area improves the end-to-end AP workflow. 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 Top Notch Technology And Tailored To Your Company Requirements, 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 derives critical content, erasing the possibility of mistakes and time associated with with manual data entry.
Invoice

The invoice processor expeditiously pinpoints and reconciles exceptions, automatically coordinates POs, and moves invoices through the approval 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 home grown portal.
Analytics

Get operational insight into your AP workflow through real-time reporting, improve cost and resource efficiency, and increase yield.
Supplier Portal

The supplier portal allows vendors to both enter and manage their information, add additional files to enable communication, review the position of invoices or enter them directly, and look at purchase orders. This adds more efficiency to your internal process, improves vendor relations, and reduces inquiries, invoice coordinating errors, and overall time to process.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed directly. “Quicker approval of invoices” is frequently cited by users as the highest benefit of an automated system, right behind price. In fact, data capture and process efficiencies can improve AP preparation time by as much as 81% and reduce operational costs by 92%.

Reduce Costs

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

Confidently automate 90% or more of your AP processes, 3X cost savings as opposed to conventional workflows, and 2% savings on annual spending.
No Late Payments

Entirely eliminate late payments and missed savings by automating AP.
Improve Compliance

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

Simplify audits with recorded workflows.
More Control

Experience greater governance and clarity of budgeting.
Vendor Satisfaction

Enhance partner relations and simplify the partnership through self-service portals.
Quicker Actions

Quicker queries and approvals.