AP Data Platform

The AP Data Platform by Glantus is a solution designed to streamline and automate the accounts payable process. It is tailored for small, medium, and large enterprises across various industries, including Manufacturing, Retail, Healthcare, Technology, and Financial Services. This platform is intended to provide greater visibility, control, and efficiency in managing payables for finance and accounting departments, procurement professionals, accounts payable managers, CFOs, and financial controllers.

Key Features

Audit & Recovery: According to the vendor, this feature utilizes technology-driven audit services to expedite and maximize recoveries. It aims to identify overpayments and facilitate recovery from ERP and P-card systems, ensuring compliance with audit requirements.

Overpayment Prevention: The vendor claims that this feature proactively identifies and prevents overpayments by analyzing data to identify potential duplicate payments. It aims to reduce errors resulting from entry errors or lack of adherence to procedures, minimizing risks of overpayments and improving cash flow management.

Fraud & Compliance: According to the vendor, the Fraud & Compliance feature aims to identify potentially fraudulent activity and procedural failures, helping ensure compliance with regulations and policies. It is designed to detect prohibited vendors and questionable transactions, strengthening the organization's fraud prevention measures.

Process Analytics: The vendor states that this feature provides visibility into data across multiple ERP systems, consolidating data for reporting and key performance indicators (KPIs). It aims to help identify process inefficiencies and areas for improvement, enabling data-driven decision-making and process optimization.

Vendor Master Analysis: According to the vendor, this feature analyzes vendor status, trending, aging, and payment terms. It aims to identify duplicate suppliers and assess data quality, providing insights for vendor master data improvement and helping optimize vendor management and relationships.

Spend Analytics: The vendor claims that the Spend Analytics feature analyzes spend across systems and organizational structures. It aims to identify trends, risks, and optimization opportunities, providing insights into procurement and spend patterns to help optimize procurement strategies and cost management.

Statement Reconciliation: According to the vendor, this feature automates the reconciliation of vendor statements and ledger data. It highlights variances in amounts, dates, and currencies, streamlining discrepancy resolution and issue identification to improve accuracy and efficiency in reconciliation processes.

Document Workflow: The vendor states that this feature enables touchless invoice processing, which strengthens spend control and compliance. It automates invoice routing, approval, and payment processes, reducing manual effort and improving efficiency in invoice management.