Accounts Payable Automation Software
Improve your accounts payable processes and gain access to a centralized, paperless and highly-automated purchase invoice handing process with easy-to-use integration tools for businesses of all sizes.
What is Accounts Payable?
Accounts Payable, or AP, is the money owed by a business to its suppliers and other creditors for the purchase of goods or services. Accounts payable are liabilities. On the other hand, accounts receivable are assets.
AP Automation Solutions
To benefit from discounts on early payments, avoid late payments fees, lost invoices and a lack of visibility into manual invoice processing, we introduce our accounting solutions with electronic invoice processing and seamless integration of metadata into your ERP.
Our AP automation solution automates and scan documents, validate the data and transfer the information into your ERP/ECM systems in a matter of seconds, making invoice processing faster, more reliable and most importantly, a revenue-generating activity.
Automate your Accounts Payable in 3 easy steps
1. Capture invoices
Don’t risk paying the high price tag of misplaced files and documents.
Scan your receipts, invoices, contracts, resumes, statements, orders, credit card applications, or any type of paper-based document, within minutes and eliminate the hassle of manual data entry and processing.
Whether your files are sent by fax, email, Google Drive or Dropbox, 360 Business Venture’s advanced OCR solution can accurately extract and capture the required accounting information to allow for easy and efficient tracking of shared data.
2. Approve invoices
Automatic 2-way and 3-way matching
The manual invoice approval process can be slow and inefficient, leaving room for missed discounts on early payments, late payment fees, lost invoices and a lack of visibility into every step of the process.
With automated 2-way and 3-way matching, the quantity and price on the electronic invoices (e-invoice) are instantly matched to the quantity and price on the corresponding purchase orders (PO), allowing for a speedy process and synchronized flow of information between departments.
Even more great features
Custom reports for better decision making
Transform your data with engaging reports that are easy to read, understand and share.
e-doc360 enables you to create unique reports tailored to fit your exact business needs—no coding skills needed.
Seamless integration with your ERP and CRM
Send your files and documents where they need to go within seconds and prevent duplicate records across multiple systems.
e-doc360 integrates with over 250 ERP and ECMs systems, including QuickBooks, SAP, Microsoft Dynamics NAV, AX and SAGE.
Benefits of Paperless Accounting
Transparent, simple and secure
- Paperless and environmentally-friendly processes
- Automated Invoice to-PO matching
- Easy, mobile and quick invoice validation and control
Up to 70% reduction in order processing costs
- Reduced invoice processing costs
- Shortened invoice processing time and higher cash flow
- Identification and removal of non-value adding activities
End-to-end control, from order to payment
- Invoice validations on mobile
- Accurate cash flow forecasting
- Compliance to the company's policies and guidelines
Free Whitepaper: The Ultimate Guide to Accounts Payable Automation
