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AP Automation

Name: AP Automation
Rating: 4.5 (2 reviews)

By SoftCo Group Ltd.

1081 Interested

Highlights : About AP Automation

Automation

Electronic format and manual invoice capture

Capture and matching

Query management

Status of accruals

Handle exceptions

About AP Automation

SoftCo is a cloud-based and on-premise software that provides solutions in financial process automation. It is designed for midsize to large companies across all industry sectors. SoftCo AP Automation automates the capture of paper, email, and electronic invoices, 2- and 3-way invoice matching, and routing of invoices to the appropriate business users for exception handling and/or approval. The solution integrates with the organization’s ERP system in order to match invoices against supplier master data, POs, and GRNs created in the ERP, and to post approved invoices back to the ERP for payment.

Specifications

Business Size

Small

Deployments

Premise

Language Support

English

Platforms

Product Details

Features

Automation

Electronic format and manual invoice capture

Capture and matching

Query management

Status of accruals

Handle exceptions

Generate real-time reporting and analytics

Securely stores all financial documents

ISO 27001-compliant archive

Comprehensive audit history

Compliance with business & regulatory requirements

ERP system integration

Character recognition (ICR)

Automate 2- or 3-way matching

Approval workflow

ERP Integration

Dashboard reporting of KPIs

Vendor management

Vendor registration & portal

Invoice processing

Benefits

Completely Eliminate Manual

AP Automation enables organizations to completely eliminate manual, paper-based processes and spreadsheets with electronic vendor invoice processing.

Reduce Crucial erros by electronically

AP Automation helps reduce crucial errors by electronically capturing invoices in various formats, and by utilizing intelligent character recognition (ICR) capabilities.

Reduce the entire finance team's workload

The solution helps reduce the entire finance team's workload by automating 2- and 3-way matching, and flagging exceptions or duplicate invoices.

Adapter facilitates integration with ERP Systems

The SoftCo Connect adapter facilitates integration with ERP systems such as SAP, Microsoft Dynamics, Oracle, Lawson, JD Edwards, and Exchequer.

Extensive Dashboard Reporting

Extensive dashboard reporting of KPIs helps improve the level of visibility, equipping finance teams with insights that help develop more strategic decisions.

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