Accounts Payable Automation Software – Invoice Processing & Payment Solutions for Faster AP

Accounts Payable automation software can help you streamline your most time-consuming workflows. With less manual work for your AP department, you can make your entire purchase to pay cycle faster and more efficient.

IntelliChief is designed for end-to-end AP automation. Our solutions make it easy to:

 

Import Invoice Data              Import invoice data directly to your ERP

Validate Line Items       Validate each line item with the corresponding                                        purchase order

Route Non PO Invoices    Route non-PO invoices to managers for approval

Assign GL Codes                     Look up and assign GL codes

Create Invoice Payment Vouchers                         Create payment vouchers

Schedule Invoices for Payment         Check for early payment discounts                                               and schedule payments

 

With automation taking care of these tasks behind the scenes, your team doesn’t need to get involved unless there’s a complicated exception that needs to be resolved, or a high-value transaction that needs a manager’s approval prior to payment. A higher straight-through processing rate means less work for your team – and that’s exactly what we can help you achieve.

AP Invoice Automation

Our solutions can capture new invoices as they arrive. It can monitor the fax and email networks that you use to communicate with your suppliers, automatically importing new documents. Invoices don’t end up overlooked in your mail room, and your processors don’t have to manually sort or distribute them.

For suppliers who still send out traditional paper invoices, you can scan them in as they arrive; our software takes care of the rest. Accounts Payable automation software lets you manage both hard-copy and electronic documents on the same platform.

Invoice Data Capture

Instead of manually entering each invoice into your enterprise resource planning system, IntelliChief can send the information over electronically. Our software uses optical character recognition to “read” each invoice the same way a person would. It captures the data you need for your Accounts Payable workflows – such as your invoice numbers, prices, and payment terms – and sends this information to your other business systems. Learn more about invoice data capture.

Invoice Matching & Validation

Once your information has been added to your Accounts Payable application, IntelliChief can use it to match and validate your invoices. Our software compares each invoice to the original purchase order and corresponding receipt, eliminating the need for your AP clerks to review each line item by hand. Learn more about reducing your invoice handling cost with automated matching and validation.

Accounts Payable Automation Software

Invoice Resolution

To help you spend less time processing your invoices, IntelliChief can help you resolve minor discrepancies. Our Accounts Payable automation software can automatically convert currencies and units of measure, without having your employees get involved for simple calculations. It can even:

  • Use machine learning to “remember” the way you dealt with discrepancies on previous purchases
  • Cross-reference your ERP data tables to confirm that information is correct
  • Recognize special charges (such as shipping costs and import taxes) that are present on an invoice, but not on the original purchase order

This helps you process as many invoices as possible without human intervention.

Invoice Approval Routing for Non-PO Transactions

When you approve your non-PO invoices, our software can send the documentation to the person who originally requested the purchase. They can approve (or deny) the payment request, letting you speed up your Accounts Payable workflow. (Even if you use multi-step approval hierarchies for high-value transactions, IntelliChief can deliver the documents from one user to the next in the correct sequence. Learn more about electronic approval routing.

Invoice Coding

You can assign GL codes to each invoice directly from IntelliChief – even if you don’t have access to your primary accounting software. Our platform provides you with a complete list of codes based on what you have stored in your ERP. This makes it easier to account for every business purchase.

Voucher Creation & Invoice Payment

Once each invoice is matched, coded, and approved, IntelliChief can schedule the payment in your ERP. You’re provided with a ready-to-use payment voucher, using the data you already have stored – no need to create one manually. Our Accounts Payable automation software even checks to see if each invoice is eligible for an early payment discount, helping you strategically plan your check runs to improve your bottom line.

Accounts Payable Record-Keeping

Once you’ve processed each invoice, you can create a voucher and schedule it for payment. IntelliChief archives each transaction as it’s completed, helping you eliminate duplicate payments.

As you move through your Accounts Payable workflows, you can access any of your archived information with a single click. (You can even provide an auditor with access to your Accounts Payable documents, with a complete paper trail for each transaction.)

Our Analytics module also gives you complete visibility into your company’s spend. You can easily see where your business is running into issues, like delayed approvals or vendor inaccuracies. You can then use those insights to create a much more efficient Accounts Payable department.

 

Accounts Payable Automation Software Case Study

Customized Accounts Payable Solutions for Your Unique Business

IntelliChief’s Accounts Payable automation software works the way that you work. That means:

Plus, we’re more than just a software system. You get the benefit of world-class support, and a product that’s tailored to your company’s specific needs.

Our experts can customize a solution that supports your business as well as your technical architecture – and update that solution to reflect your needs as they change. You have the opportunity to build out custom Accounts Payable workflows at implementation, keeping your existing procedures in place. Even if you migrate to a new AP application in the future, you can continue to use IntelliChief – without losing the documents or workflows that you already have stored.

Our team handles everything from implementation to training, making your digital transformation as simple as possible. And with comprehensive automation functionality that you can use throughout your entire enterprise, IntelliChief lets you make the most of your strategic investment.

Discover IntelliChief’s Accounts Payable Automation Software for Yourself

To learn more about Accounts Payable automation, contact IntelliChief today. Or, request a demo to see our invoice processing & approval software in action.