How Does Accounts Payable Automation Software Work?

Handling your AP activities manually diminishes your ability to with agility and correctly respond to vendors which results in lengthier cycles, pricier processing costs, less control, and subsequently, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Tulsa area enhances the end-to-end AP workflow. We can support SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Designed With State Of The Art Technology And Personalized To Your Company Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture feature ingests and reconciles invoices from multiple locations. OCR (optical character recognition) identifies and pulls out critical data, removing the possibility of errors and time related to with manual data entry.
Invoice

The invoice processor quickly finds and coordinates exceptions, automatically coordinates POs, and moves invoices through the acceptance process which can be done 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 visibility into your AP workflow through reporting in real-time, spend less time and resources, and improve throughput.
Supplier Portal

The supplier portal allows suppliers to both input and manage their data, add additional files to facilitate communication, check the position of invoices or enter them directly, and view purchase orders. This adds better efficiency to your internal workflow, enhances supplier relations, and minimizes inquiries, invoice coordinating issues, and overall processing time.

AP Automation Benefits

According to PayStream Advisors, the total cost of invoicing is over $40 when processed manually. “Quicker approval of invoices” is recurringly cited by users as the most valuable asset of an automated workflow, closely followed by price. In fact, data capture and process efficiencies can better AP preparation time by as much as 81% and decrease operational prices by 92%.

Reduce Costs

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

Boldly automate 90% or more of your AP processes, 3X expense savings as opposed to legacy processes, and 2% savings on annual costs.
No Late Payments

Totally avoid past-due payments and missed deductions by automating AP.
Improve Compliance

Improve compliance with organizational policies and administration.
Simplified Audits

Simplify audits with recorded actions.
More Control

Experience greater oversight and visibility of spending.
Vendor Satisfaction

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

Faster queries and approvals.