How Does Accounts Payable Automation Software Work?

Preparing your AP tasks manually diminishes your ability to rapidly and precisely respond to vendors which leads to longer cycles, pricier processing costs, less oversight, and consequently, unhappy vendors. Wave’s Accounts Payable Automation Solutions for the Oklahoma City 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 Best-In-Class Technology And Personalized To Your Organization Desires, Wave Accounts Payable Software Delivers:

Invoice Capture

Our progressive invoice capture feature receives and resolves invoices from multiple locations. OCR (optical character recognition) analyzes and pulls out pertinent content, erasing the risk of mistakes and time related to with manual data entry.
Invoice

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

Data delivery universally incorporates with any ERP system including SAP, Oracle, NetSuite, or a private portal.
Analytics

Gain operational insight into your AP protocol through reporting in real-time, improve cost and resource efficiency, and enhance throughput.
Supplier Portal

The supplier portal allows vendors to both load and manage their content, add notes to foster communication, check the position of invoices or input them directly, and monitor purchase orders. This adds more efficiency to your internal workflow, advances supplier relations, and curtails inquiries, invoice matching issues, and total time it takes to process.

AP Automation Benefits

According to PayStream Advisors, the total price for invoicing is over $40 when processed manually. “Quicker approval of invoices” is routinely cited by users as the highest asset of an automated system, closely followed by expense. In fact, data capture and system efficiencies can improve AP handling time by as much as 81% and minimize operational costs by 92%.

Reduce Costs

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

Confidently automate 90% or more of your AP workflows, 3X expense savings in comparison to traditional processes, and 2% savings on annual expenditures.
No Late Payments

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

Improve compliance with organizational protocols and governance.
Simplified Audits

Simplify audits with recorded actions.
More Control

Experience more oversight and clarity of budgeting.
Vendor Satisfaction

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

Quicker queries and approvals.