Accounts Payable streamlines and automates the invoicing process. It captures invoices, validates data, facilitates and resolves mismatches of data, supports the approval of invoices and aids in fast payment processes.
The system provides improved visibility of invoices received, invoices ready for payment and invoice with mismatches of data. It reduces the head count of the non-core team and hence the cost of invoice processing. Precisely, it improves the team’s productivity.
It integrates directly with ERP to fetch the purchase order and map it with invoices raised by vendors. And provides full visibility from invoice receipt to payment status. The product brings agility, traceability, accountability and reporting capabilities to help the decision-makers make smart and informed decisions.
The process that makes the entire process of ‘Accounts Payable’ faster and more precise.
Fetch purchase orders from ERP => Notify Vendors on vendor portal => Scan invoices and turn them into digital format => Process these images to capture all the important details => Verify invoice data based on Purchase Order, invoice and receipt data => Route it for relevant approvals => Populate this data into ERP without any human intervention.
Accounts Payable
- Transforms the legacy manual account payable process into an efficient and automated paperless process.
- Provides an invoice upload facility for the Vendor. Vendors using GRN/SRN, submit invoices over a web server and are immediately routed for processing.
- Manage PO and non-PO invoices as per business rules.
- Aids with Real-time information in the invoice and its stages in process.
- Captures Invoice Data and indexes it for further processing.
- Integrates with ERP.
- Enables take informed decisions with the help of analytical reports.
