Name: Freedz
Author: Neovacom

Customer Success

Help Desk

Web and Video Conferencing

Customer Support

Agile Development

Functional Testing

Image Recognition

Java Technologies

Service Mesh

Development

Business Intelligence (BI)

Collaboration

Data Extraction

Dropshipping

Email Spam Filter

Emissions Management

Privacy Policy Generators

Enterprise

Accounting

Digital Banking

Finance and Accounting

401(k)

Applicant Tracking

Corporate Learning Management

HR Compliance

HR Management

Payroll

Relocation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Infrastructure

Cloud Storage

Data Deduplication

Data Privacy Management

Data Science

DevSecOps

Ethernet Switches

Fraud Detection

Governance, Risk & Compliance

Integration Platform as a Service (iPaaS)

IoT Device Management

Managed Private Cloud

Migration

Network Performance Monitoring

Sensitive Data Discovery

Testing Services

User Virtualization

Virtual Private Cloud (VPC)

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Audience Intelligence

Content Management

Digital Content Creation

Email Marketing

Market Intelligence

Marketing Automation

Social Media Advertising

Social Media Management

Survey & Forms Building

URL Shorteners

Web Analytics

Marketing

Meeting Room Booking

Project Management

Professional Services

Customer Relationship Management (CRM)

Government Contracting

Sales Acceleration

Sales Engagement

Sales

Secure Access Service Edge (SASE)

Security

Animation

Digital Forensics

Geographic Information

Insurance Suites

PCB Design

Physical Therapy

Tax Practice Management

Vertical-Specific

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Freedz, developed by Neovacom, is a platform designed to automate supplier accounting and data exchange. According to the vendor, this solution is suitable for businesses of various sizes, including small enterprises to large corporations. Freedz caters to professionals in finance and accounting, procurement, supply chain, as well as the retail, wholesale, and manufacturing industries.

## Key Features

**Automated Invoice Validation**: According to the vendor, Freedz offers automated validation of invoices to ensure compliance with regulations. The platform checks for missing information, verifies authenticity, and aims to reduce the risk of errors.

**Streamlined Invoice Processing**: Freedz aims to streamline the invoice processing workflow by automating data extraction from invoices and minimizing manual data entry. The vendor claims that it integrates seamlessly with existing ERP systems for efficient and accurate processing.

**Supplier Collaboration**: According to the vendor, Freedz facilitates collaboration with suppliers by providing an easy submission process for invoices and supporting documents. The platform offers real-time status updates and notifications to enhance transparency and minimize communication delays.

**Document Management**: Freedz provides robust document management capabilities, allowing users to store, organize, and retrieve invoices and related documents. The platform offers a centralized repository for easy access, eliminating the need for physical storage.

**Reporting and Analytics**: According to the vendor, Freedz offers comprehensive reporting and analytics features to provide insights into invoice processing and financial performance. Users can generate customizable reports and utilize visual dashboards for data interpretation and analysis.

**Integration and Scalability**: Freedz is designed to integrate seamlessly with existing systems and workflows, including popular ERP systems and accounting software. The vendor states that the platform is scalable to accommodate growing businesses and expanding supplier networks.

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

Freedz

Accounts Payable

Neovacom

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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Freedz

Overview

What is Freedz?