How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually stalls your ability to rapidly and accurately respond to merchants which leads to lengthier cycles, higher processing costs, less oversight, and consequently, displeased merchants. Wave’s Accounts Payable Automation Solutions for the Las Vegas area improves the end-to-end AP process. We can work 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 Customized To Your Business Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture feature consumes and coordinates invoices from multiple places. OCR (optical character recognition) identifies and pulls out pertinent content, removing the possibility of mishaps and time associated with with manual data entry.
Invoice

The invoice processor rapidly identifies and reconciles exceptions, automatically matches 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 system including SAP, Oracle, NetSuite, or a home grown portal.
Analytics

Gain operational clarity into your AP protocol through reporting in real-time, spend less time and resources, and increase output.
Supplier Portal

The supplier portal allows suppliers to both load and manage their information, add additional files to enable communication, confirm the condition of invoices or input them directly, and view purchase orders. This adds more efficiency to your internal operations, advances merchant relations, and reduces inquiries, invoice matching problems, and total 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 recurringly cited by users as the highest benefit of an automated process, right behind expense. In fact, data capture and system efficiencies can better AP handling time by as much as 81% and decrease operational expenses by 92%.

Reduce Costs

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

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

Totally get rid of delayed payments and missed savings by automating AP.
Improve Compliance

Improve compliance with organizational standards and governance.
Simplified Audits

Simplify audits with recorded processes.
More Control

Experience greater governance and clarity of cash flow.
Vendor Satisfaction

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

Faster queries and approvals.