AP Automation

Octacom's AP Automation is a solution designed to streamline and automate accounts payable processes for organizations of all sizes. This software is specifically tailored to meet the needs of finance and accounting departments, accounts payable professionals, procurement professionals, financial controllers, and CFOs across various industries. With its comprehensive features and user-friendly interface, AP Automation aims to enhance efficiency and productivity in accounts payable operations.

Key Features

Simplify Invoice Receipt: According to the vendor, the software offers multiple options for centralized receipt of invoices, including email forwarding, custom vendor portal, EDI, and digital mailroom services.

Automate Invoice Capture and Matching: The vendor claims that the software utilizes AI and Machine Learning technology to automate the capture of invoices, eliminating the need for manual data entry, purchase order matching, and GL/dimension coding.

Digitize Complex Approval Workflows: The Odiss Software provides simple dashboards, notifications, and insights to facilitate delegation of authority and streamline the invoice approval workflow.

Secure Archive and User Management: Octacom offers a searchable archive with granular user permissions to ensure compliance and provide secure access to invoices.

Improve Organizational Access: The vendor states that the software enables instant digital access to invoices, approval status, and payment confirmation, enhancing accessibility for users.

Streamline Exceptions Management: The Odiss Software allows users to automate exception handling and manage vendor returns, including handling duplicate invoices, invalid vendors, and invalid purchase orders.

Implement a Fully Integrated Solution: According to the vendor, Octacom's Odiss Software seamlessly integrates with any ERP or Procure-to-Pay solution, providing a comprehensive and touchless accounts payable automation solution.

Improve Reporting and Analytics: Octacom provides comprehensive reporting and analytics capabilities, offering visibility into invoice cycle times, vendor and approver spend, and other key metrics.

Reduce Costs and Increase Scalability: The vendor suggests that accounts payable automation can help reduce costs and enhance scalability by streamlining processes and reducing the need for additional staffing as invoice volume grows.

Improve Visibility and Accountability: The vendor claims that automation software provides transparency into invoice cycle times, approval workflows, and direct accountability for approvers within the organization.