How Does Accounts Payable Automation Software Work?

Handling your AP activities manually slows down your ability to quickly and correctly respond to partners which leads to longer cycles, higher processing costs, less authority, and consequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Boise area improves the end-to-end AP process. We can support SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Built On Top Notch Technology And Customized To Your Company Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our state-of-the-art invoice capture service consumes and reconciles invoices from multiple places. OCR (optical character recognition) identifies and pulls out important data, removing the risk of mistakes and time related to with manual data entry.
Invoice

The invoice processor rapidly identifies and reconciles exceptions, automatically correlates POs, and moves invoices through the acceptance process which can be done from your computer or mobile device.
Data Delivery

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

Get operational insight into your AP protocol through reporting in real-time, save time and money, and enhance yield.
Supplier Portal

The supplier portal allows merchants to both load and manage their information, add notes to foster communication, review the condition of invoices or load them directly, and view purchase orders. This adds greater efficiency to your internal process, 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 cost of invoicing is over $40 when processed directly. “Quicker approval of invoices” is routinely cited by users as the most valuable benefit of an automated system, second to price. In fact, data capture and process efficiencies can improve AP handling time by as much as 81% and decrease operational costs by 92%.

Reduce Costs

Reduce price by eliminating manual data entry and handling.
Automate Processes

Confidently automate 90% or more of your AP operations, 3X budget savings compared to legacy operations, and 2% savings on yearly spending.
No Late Payments

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

Improve compliance with organizational policies and governance.
Simplified Audits

Simplify audits with standardized workflows.
More Control

Experience better governance and visibility of cash flow.
Vendor Satisfaction

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

Faster queries and approvals.