Accounts Payable automation refers to technology that is used to streamline and automate accounts payable processes with removing manual tasks and providing higher visibility and control over critical financial data. This further software enables easier management of invoicing and payment processing through a single digital platform.
For streamlining the functionalities associated with the business needs across multiple departments. Multiple technologically advanced companies have come up with robotic solutions that can enable time efficiency as well as error free output and adding transparency to the operations. It also provides clearer visibility and increased control over the financial processes and data collection.
We have listed the top such companies that can add to the profitability of your organization.
1. Sage Intact
Sage Intacct provides accounting and cloud-based financial management solutions with its software. It implements solutions which are feasible for small to midsized accounting businesses. The software helps in providing operational insights and financial reporting with the ability to automate critical financial processes with accuracy.
2. NimbleS2P – Digitization through Supplier Portal
NimbleS2P is a solution that empowers suppliers to undergo impactful digital transformation. This SaaS solution is built on the world’s leading CSP platform – Laserfiche that makes it robust and flexible for procure to pay, contracts management and supplier portal. The technologically advanced product is integrated with Indian GSP providers and provides organizations with ready-to-use features for procurement. This also assures ROI within 9 months. Engaging and transacting with the suppliers can now be streamlined with the user-friendly interface, multichannel collaboration, and smooth integrations.
3. SAP Concur
SAP Concur is a single way managed spending system. It connects all the spending invoices, expenses, and travel and vendor bills in one system. It helps simplify the collection system and provides greater transparency and visibility into transactions. By improving compliance and simplifying the process this program provides all rounded solutions for businesses.
4. Zycus
Zycus is a procure to pay system which offers solutions through applications for contract management, savings management, supplier management, e-sourcing, spend analysis, financial savings management. The Zycus Ecosystem is an originally built software suite which Source-To-Pay is known for its innovation and the value it brings.
5. Avidxchange
AvidXchange is a solution to reduce paper-based efforts that are manually added for processing payments, tracking invoices and allows companies to pay bills with just a couple of simple clicks or keystrokes from anywhere in the world. It helps in payment automation solutions which are made to remove risk involving inefficient payment processes and indicate easy pay bills.
