Accounts Payable
Supplier Invoice capture & Processing Solution
Efficiently and accurately handle incoming invoices from suppliers in any format using Optical Character Recognition (OCR) technology to automatically extract critical data from incoming invoices and initiate automated workflows for line item matching, GL coding, approvals and exception handling.
Benefits
A solution to seamlessly capture and process supplier invoices.
Efficiency
Reduces manual data entry, speeds up invoice processing and minimises errors, resulting in faster payments and cost savings.
Accuracy
Ensures accurate data input, reducing payment errors and compliance issues.
Cost Reduction
Reduce labor costs and eliminate late payment penalties.
Supplier Relations
Timely and accurate payments foster positive relationships with suppliers, leading to better terms and discounts.
Features
Accounts Payable Features
Below are the key features included with the accounts payable solution.
Automated Data Capture
Optical Character Recognition (OCR) automatically extracts data from invoices, including header and line item fields.
Validation & verification
Validate invoice data for accuracy and against predefined rules.
Workflows & GL Coding
User-assisted GL Coding and configurable approval and exception workflows.
Insightful Analytics
Pre-built dashboards provide visibility into invoice status, exceptions and "no-touch" processing and provide information to further improve and optimise the AP process.
Line Item Extraction
Advanced line item extraction that uses machine learning and improves as more invoices are processed.
Multi-Language & Currency
Supports a wide variety of languages and currencies.
ERP Integration
The solution integrates with Sage 200 Evolution, Microsoft D365 Business Central, Microsoft D365 Finance & Operations, Oracle Financial Cloud, Oracle Netsuite and many more.
Electronic Invoices
Supports XML or PDF files, increasing invoice extraction rates and reducing manual verification and correction with electronic data.
Secure & Compliant
The solution is live 24/7 and monitored for optimised customer performance. The solution is SOC2 compliant and benefits from the security, privacy and performance provided by Microsoft’s Azure.
How The Solution works
Business Workflow
Verification
Invoices requiring manual user verification appear on the verify queue. Duplicates, errors and other issues are addressed here.
Workflow & GL coding
Approval workflows are started and Non-PO GL Coding is completed if required.
ERP Integration
Invoices are sent to the integrated ERP solution or is sent as files to a folder location.
Discover The Solution
Accounts Payable Automation in Action
View how to transform your asset maintenance and verification business processes with a complete and fully customizable cloud based compliance and verification solution.
Pricing Plan
Accounts Payable Solution Pricing
Efficient and accurate accounts payable automation software.
Free Trial
Try out the solution with a 60 day free trial.
Free
Time Limited Features
Unlimited Users 500 Documents Header, Footer & Line Items AP & Exception Workflows
Basic Plan
Invoice header & footer capture solution.
$55/Month
Billed Monthly
Unlimited Users 1000 Documents Per Year Header & Footer Capture XML Output
Premium Plan
Invoice header, footer & line item capture solution.
$87/Month
Billed Monthly
All Features of Basic Line Item Capture Purchase order pairing 2-way/3-way matching
Enterprise Plan
Full featured invoice capture solution with AP workflows.
$104/Month
Billed Monthly
All Features of Premium GL Coding AP Approval Workflows Exception Workflows
Free Trial
Try out the solution with a 60 day free trial.
Free
Time Limited Features
Unlimited Users 500 Documents Header, Footer & Line Items AP & Exception Workflows
Basic Plan
Invoice header & footer capture solution.
$586/Year
Billed Yearly
Unlimited Users 1000 Documents Per Year Header & Footer Capture XML Output
Premium Plan
Invoice header, footer & line item capture solution.
$937/Year
Billed Yearly
All Features of Basic Line Item Capture Purchase order pairing 2-way/3-way matching
Enterprise Plan
Full featured invoice capture solution with AP workflows.
$1121/Year
Billed Yearly
All Features of Premium GL Coding AP Approval Workflows Exception Workflows