How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually stalls your ability to with agility and accurately respond to merchants which leads to lengthier cycles, pricier processing costs, less oversight, and subsequently, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Corpus Christi area improves the end-to-end AP system. 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 Personalized To Your Organization Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture feature ingests and coordinates invoices from multiple places. OCR (optical character recognition) analyzes and extracts critical data, erasing the possibility of mistakes and time associated with with manual data entry.
Invoice

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

Data delivery universally integrates with any ERP system including SAP, Oracle, NetSuite, or a home grown portal.
Analytics

Have operational insight into your AP protocol through reporting in real-time, spend less time and resources, and increase yield.
Supplier Portal

The supplier portal allows merchants to both enter and manage their content, add attachments to enable communication, review the position of invoices or input them directly, and look at purchase orders. This adds greater efficiency to your internal operations, advances merchant relations, and reduces inquiries, invoice matching problems, and total 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 routinely cited by users as the most valuable asset of an automated system, second to price. In fact, data capture and process efficiencies can better AP processing time by as much as 81% and decrease operational expenses by 92%.

Reduce Costs

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

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

Completely eliminate past-due payments and missed discounts by automating AP.
Improve Compliance

Improve compliance with company-wide standards and administration.
Simplified Audits

Simplify audits with recorded processes.
More Control

Experience better oversight and visibility of budgeting.
Vendor Satisfaction

Better supplier relations and simplify the relationship through self-service portals.
Quicker Actions

More rapid queries and approvals.