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Accounts Payable (AP) Solution

Streamline & Automate Your Accounts Payable Processes, removing manual tasks and providing better visibility and control over important financial data with Compusoft’s Accounts payable automation (AP Automation) platform.

Compusoft offers highly adaptable AP automation Platform to fit your company’s exact needs. With ProcMATE you can not only eliminate current frustration through automation but having the best processes in place can skyrocket your potential for growth and give your organization an incredible competitive advantage.

Our AP solution enables companies to touchlessly process supplier invoices without any human intervention by providing a digital workflow to manage steps previously handled by an AP staff member.

ProcMATE enables organizations to completely eliminate manual, paper-based processes with electronic vendor invoice processing. it helps reducing crucial errors by electronically capturing invoices in various formats, and by utilizing Optical Character Recognition (OCR) technology present in it.

Let’s see how AP Automation works..

procmate-for-accounts-payable-ap-automation
Capture

ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.

Classify

ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.

Extract

ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.

Review & Resolve

The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.

Approval

Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.

Payment

Once invoice gets approved, the notification for payment will be sent.

Audit

Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Let’s see how AP Automation works..

Capture

ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.

Classify

ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.

Extract

ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.

Review & Resolve

The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.

Approval

Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.

Payment

Once invoice gets approved, the notification for payment will be sent.

Audit

Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Capture Classify Extract Review & Resolve Approval Payment Audit

ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.

ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.

ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.

The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.

Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.

Once invoice gets approved, the notification for payment will be sent.

Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Capture Classify Extract Review & Resolve Approval Payment Audit

ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.

ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.

ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.

The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.

Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.

Once invoice gets approved, the notification for payment will be sent.

Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

Benefits of Implementing AP Automation

  • Reduction of Manual Data Entry
  • Accurate Record Keeping
  • Customizable Payment Approval Workflows
  • Faster Processing Cycle
  • Integrations with existing finance systems
  • Automated Reconciliation of Matching Errors
  • Fraud Protection
  • 24/7 Visibility into Payment Status & Approvals
  • Flexibility & Scalability
  • Streamlined and Accurate Processes
  • Quick Account Closures
  • Increased Vendor Adoption of Electronic Payments and better access to AP data

So, Ready to move on with AP Automation?

Capture

ProcMATE captures all the required information from scanning, reading from emails, importing e-files or from excel and input it to the system.

Classify

ProcMATE then sorts & understand s invoice using AI and then able to read data such as Date, Invoice Numbers, Amounts, Vendor, etc. with OCR tech capabilities.

Extract

ProcMATE then Takes information from invoice and extracts it off and properly formats it for the AP System. Also the collected data gets stored for the future references.

Review &Resolve

The data then reviewed by the ProcMATE’s AI capabilities and then sets it in a proper workflow.

Approval

Invoice data will get stored in ERP and the AI BOT will send push notification s for approval.

Payment

Once invoice gets approved, the notification for payment will be sent.

Audit

Real-time process interaction giving finance managers views into processes and tools to take required actions for performance optimization:

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