Name: Accounts Payable Automation
Rating: 8.6 (3 reviews)
Author: Intertec Systems

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Enterprise Resource Planning (ERP)

Interactive Voice Response (IVR)

Enterprise

Accounting

CTRM

Revenue Management

Finance and Accounting

Applicant Tracking

Compensation Management

Corporate Learning Management

HR Management

International Payroll

Payroll

Resume Parsing

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

API Management

Cloud Storage

Data Governance

Data Pipeline

Desktop Outsourcing

Electronic Data Interchange (EDI)

Fraud Detection

IT Service Management (ITSM)

Industrial IoT

Integration Platform as a Service (iPaaS)

Metadata Management

Network Access Control (NAC)

Network Performance Monitoring

Relational Database Management Systems

Remote Monitoring and Management

Remote Support

Security Validation

Software Defined Storage (SDS)

Solid State Drives

Static Application Security Testing (SAST)

Threat Hunting

VoIP Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

App Store Optimization (ASO)

Business Card Scanning

Consumer Ratings & Reviews

Content Management

Digital Analytics

Digital Experience Platforms (DXP)

Email Marketing

Event Registration

Marketing Automation

Online Reputation Management

Real-Time Interaction Management

Social Media Management

Social Media Publishing

Survey & Forms Building

Web Analytics

Marketing

Business Caller ID

Professional Services Automation

Project Management

Transcription

Professional Services

Customer Relationship Management (CRM)

Lead Generation

Point of Sale

eCommerce

Sales

Microsegmentation

Security

Auto Repair

Building Information Modeling (BIM)

Car Rental

Church Management

Insurance Agency Management

Vertical-Specific

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Accounts Payable Automation is a solution designed to streamline and automate the accounts payable process. According to the vendor, this software is suitable for companies of various sizes across professions and industries such as finance and accounting, procurement, business administration, retail, and manufacturing. By leveraging technology, Accounts Payable Automation aims to simplify invoice processing, enhance vendor management, enable electronic payments, improve document management, provide reporting and analytics, integrate with existing ERP systems, ensure compliance, facilitate expense management, and offer mobile accessibility.

## Key Features

**Automated Invoice Processing**: According to the vendor, the software automates the extraction of invoice data and capturing of relevant information, aiming to eliminate manual data entry, reduce errors, and improve processing speed and efficiency.

**Invoice Approval Workflow**: The vendor claims that the software streamlines the approval process through automated workflows, allowing users to define approval hierarchies and rules, and track and monitor the status of invoices in real-time.

**Vendor Management**: The software aims to provide a centralized database for vendor information, allowing users to track vendor performance, contracts, and payment terms, and streamline communication with vendors.

**Electronic Payments**: According to the vendor, the software enables electronic payments such as ACH, wire transfers, and virtual cards, aiming to improve payment accuracy, reduce processing time, enhance security, and minimize the risk of fraud.

**Document Management**: The software aims to provide electronic storage and organization of invoices, receipts, and related documents, aiming to facilitate easy search and retrieval, improve document security, and reduce physical storage costs.

**Reporting and Analytics**: The vendor claims that the software generates detailed reports on accounts payable metrics and performance, allowing users to analyze spending patterns, vendor relationships, and payment trends, aiming to provide insights for optimizing cash flow and making informed financial decisions.

**Integration with ERP Systems**: According to the vendor, the software seamlessly integrates with existing ERP systems for data synchronization, aiming to ensure accurate and up-to-date financial information and enhance overall business process efficiency.

**Audit Trail and Compliance**: The software aims to maintain a comprehensive audit trail of all accounts payable activities, ensuring compliance with financial regulations and internal policies, and facilitating internal and external audits.

**Expense Management**: According to the vendor, the software helps track and manage employee expenses, including travel and entertainment, automate expense approval workflows and reimbursement processes, and gain visibility into expense patterns to control costs.

**Mobile Accessibility**: The vendor states that the software allows users to access and manage accounts payable functions on mobile devices, enabling them to approve invoices, review payment statuses, and track expenses on the go, aiming to improve flexibility and productivity.

AvidXchange is an automated bill payment system.

AvidXchange

BILL is an online service for SMBs which provides a central dashboard for managing Accounts Receivable, Accounts Payable, and cash flow management. It syncs with all major accounting systems like QuickBooks, Sage, Intaact, and NetSuite.

Essentials

Team

Corporate

BILL

Accounts Payable Automation

Accounts Payable

Intertec Systems

Features found in accounts payable software products

Automated Accounts Payable Processes

Accounts payable processes are automated based on pre-determined workflows.

Vendor Management

Holds information related to vendor terms and contracts.

Tax Form Preparation

Allows users to create and share tax forms within the platform.

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

Customizable Approval Policies

Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

Financial Document Management

Invoices, expense reports, and associated documents are stored within the platform for any future needs.

Payment Status Tracking

Tracks what stage payments are at in the process, from approval to receipt.

Payment Audit Trail

Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

Duplicate Bill Detection

Detects duplicate invoices or expense reports to prevent double payments.

Advanced OCR

Automatically imports information from invoices, receipts, expense reports, and other 
scanned documents into the platform.

Electronic Funds Transfer

Funds can be transferred via EFT as opposed to paper checks.

PCI Compliant Security Measures

Banking and finance information is protected according to Privacy Shield and GDPR standards.

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Accounts Payable Software

Accounts Payable Automation

Overview

What is Accounts Payable Automation?