Name: Accrualify
Rating: 1 (1 reviews)
Author: Accrualify, Inc

Help Desk

Web and Video Conferencing

Customer Support

No-Code Development

Development

Admissions and Enrollment

School Management

Education

Business Intelligence (BI)

Collaboration

Digital Rights Management (DRM)

Enterprise Content Management

Manufacturing Execution

PDF Editors

Privacy Policy Generators

Statistical Analysis

Visitor Management

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Referral

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Access Gateways

Application Lifecycle Management (ALM)

Application Performance Management (APM)

Cloud Storage

Complex Event Processing

Composable Infrastructure

Configuration Management Databases

Fraud Detection

Integration Platform as a Service (iPaaS)

Internet Performance Monitoring

Log Management

Network Operating Systems

Network Performance Monitoring

SIP Trunking

SOA Application Gateways

Telecom Expense Management (TEM)

Unified Communications Monitoring

Vendor Risk Management

WiFi Hotspot

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Blogging

Channel Management

Content Management

Email Deliverability

Email Marketing

Employee Advocacy

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Writing and Proofreading Tools

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Social Commerce

Sales

Chargeback Management

Clinical Data Management

Construction Management

Fleet Management

Membership Management

Municipal

Online Fax

Restaurant POS

Roofing

Simulation

Text Analysis

Travel Agency

Warranty Management

Vertical-Specific

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### Invoice Management
Users also appreciate the vendor masterfile and invoice processing platform provided by Accrualify. The OCR technology utilized for scanning and processing invoices has been commended for its accuracy and efficiency, allowing team members to focus on other critical tasks during financial close. Additionally, the AP automation workflow for PO and invoice approval is highlighted for its flexibility, enabling one-over-one approvals at different spending levels. Despite some challenges with sync failures and payment issues to certain countries, users generally find Accrualify's invoice management to be a valuable asset in streamlining their financial processes.

### Purchase Order Processing
Opinions on Accrualify's purchase order processing capabilities vary among users. While some users appreciate the platform's ease of use in creating and managing purchase orders, others have encountered challenges with launching internal purchase orders and dealing with limitations surrounding POs with multiple invoices. The integration of invoices and purchase orders is praised for streamlining processes, although some users find the need to delete and re-enter purchase orders for line items to show up as a drawback. Additionally, the ability to issue reliable purchase orders, determine current commitments, and make electronic payments in multiple currencies is highlighted as a strong point of Accrualify's purchase order management system. The flexibility of automated workflows and the AP automation workflow for PO and invoice approval are commended for their customization options and multi-level approval capabilities.

### Payment Processing
Users consistently praise Accrualify's robust payment processing capabilities. They appreciate the ease of issuing reliable purchase orders, determining current commitments, and making electronic payments in multiple currencies without incurring high transfer costs. The platform's ability to facilitate cross-border payments and VAT support has been particularly lauded. Despite occasional syncing issues and challenges with certain country payments, users find Accrualify's payment processing to be efficient and reliable, contributing significantly to streamlining their financial operations.

### Accounts Payable Automation
Users consistently praise Accrualify's accounts payable automation capabilities, highlighting the platform's ability to streamline complex approval workflows and facilitate a more efficient AP process through OCR technology. The flexibility of the automation workflows, particularly in PO and invoice approval, is a standout feature for many users, allowing for customized rules and multi-level approvals. Additionally, the system's functionality for accrual/search for unrecorded liabilities (SUL) and email communication with vendors has been commended for enhancing the overall AP automation experience. These positive sentiments indicate that Accrualify's accounts payable automation solutions are well-received by users seeking to optimize their AP processes.

### Workflow Automation
Users appreciate Accrualify's flexibility in customizing approval workflows to suit their specific business needs. The system's integrated workflows, messaging, and dashboards have been commended for streamlining processes and enhancing efficiency. However, some users have noted a drawback in the need to restart workflows when new approvers have to be assigned. Despite this minor inconvenience, Accrualify's workflow automation capabilities are generally well-received for their ability to facilitate multi-level approvals and drive automation in accounts payable processes.

### OCR Technology Integration
Users appreciate Accrualify's OCR technology for its ability to handle complex approval workflows and multiple subsidiaries effectively. While the OCR process is generally accurate, some users have raised concerns about the limitations in accommodating custom fields without additional charges. Additionally, the 24-hour turnaround time for OCR processing and the rigidity of the role structure have been noted as areas for improvement. Despite these drawbacks, users find that the OCR technology integration has significantly streamlined their AP processes and enabled subsidiaries to transition to a more paperless approach.

Accrualify has proven to be a valuable solution for businesses facing various challenges in their financial processes. Users have found that the software's efficient invoice and purchase order review process has greatly increased productivity and streamlined their operations. By automating tasks such as PO creation, invoice approval, and payments, Accrualify has significantly reduced manual processes, enabling faster closing and saving countless hours during close. Furthermore, the platform's all-in-one capabilities for managing vendor masterfiles and invoice processing have provided a centralized solution that improves process management and allows for the application of company policies.

Additionally, the software's integration of procurement and payment processes into a seamless workflow has minimized miscommunications, enhancing collaboration between teams. The use of features like OCR technology has allowed users to go nearly paperless with their AP approval process, further improving efficiency. Moreover, the virtual credit card feature has been highly beneficial for online purchases, providing convenience and ease.

Accrualify's ability to automate different types of matchings, along with customizable approval flows, has accelerated the procure-to-pay process. Users have successfully transitioned vendors from check to electronic payment, resulting in significant savings on transfer costs. Additionally, the software's support for multiple currencies has provided flexibility and cost savings by allowing electronic payments in various currencies.

Overall, Accrualify has provided businesses with a user-friendly solution that addresses their pain points in financial processes. From optimizing AP automation to improving collaboration and productivity, this platform has become an indispensable tool for streamlining operations and achieving greater efficiency in various organizations.

Accrualify Spend Management Platform is the eponymous cloud-based, comprehensive spend management software from Accrualify in San Mateo, that covers vendor management, PO management, invoice automation, and payments. With it, users can automate PO approval workflows, invoice processing and approvals, payment approvals, vendor detail collection and management, and ERP input processes.

Rippling’s platform for HR, IT, payroll, and spend management automates the entire employee lifecycle, ensures compliance, supports device management, and provides real-time financial visibility from a central dashboard.

Rippling

Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.

Control

Collect

Expensify

Accrualify

Spend Management

Accrualify, Inc

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Accrualify

Overview

What is Accrualify?