costs and increases staff and business process efficiencies.
Captures and extracts data
Executes customer-defined business rules and processes
Matches PO, invoice, and receiving
Automates and issues payments using various payment methods
Our cloud-based Accounts Payables Automation Solution offers an innovative automated and tailorable workflow process combined with powerful 3-way PO matching capability to help businesses, improve controls over Accounts Payable and increase cash flow by paying invoices in time without the need to invest in capital equipment and software, while also gaining business insight into their vendor spend and other associated analytics
Accounts payable tasks are manually intensive, thanks to myriads of vendor invoices that are not standardized. RPA (Robotic Process Automation bots can help ease this problem by automatically selecting different types of invoices and directing those documents that don’t meet your tailored business parameters to the relevant approval teams., enabling the system to monitor your business processes and increasing the efficiencies of the staff. RPA bots also automatically match purchase orders and receiving information with necessary invoices and flag mismatches to reduce risks of errors, duplicates and fraud.
Our solution eliminates duplicate payments, eliminates late fees, controls payment dates, captures early pay discounts, provides automatized general ledger account coding, and provides a choice of payment methods.