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AP

Revolutionize Your Accounts Payable Process with AP Essentials

BizTech Solutions is proud to offer AP Essentials, a cutting-edge cloud-based vendor invoice management solution. With AP Essentials, businesses can automatically capture, analyze, validate, and approve invoices from any source, revolutionizing their accounts payable workflow.

Overview:

AP Essentials is a world-class Accounts Payable solution designed to streamline invoice automation in the cloud. No matter the format or source, AP Essentials enables swift capture, codification, and routing of invoices, ensuring seamless and secure processing.

Key Features:

  • Best-in-class cognitive capture: Enjoy improved extraction rates with adaptive, AI-based technology, enhancing document processing speed and accuracy.
  • Workflow automation: Native workflows ensure proper routing of invoices, enforcing approval policies and providing transparency into process execution.
  • Broad ERP integration: AP Essentials seamlessly integrates with leading ERP systems such as Microsoft D365 Business Central, Oracle NetSuite, and Coupa Spend Management, accommodating unique vendor requirements.
  • Low total cost of ownership (TCO) and fast ROI: Leverage existing systems and reduce overhead on hardware with simple implementation and comprehensive cloud-based support.
  • Intelligent line item extraction: Machine learning optimizes line item extraction, improving efficiency in 2-way and 3-way matching processes.
  • Approval workflows and GL coding: Configurable rules-driven workflows and user-assisted GL coding ensure quicker processes and end-to-end automation.
  • Multi-language and currency support: AP Essentials supports a wide range of languages and currencies, based on extensive global invoice processing experience.
  • Support for electronic invoices: Increase extraction rates in XML or PDF files, reducing manual verification and correction.
  • Excel import for master and PO data: Easily import supplier master data and PO data for validation and verification using Microsoft Excel.
  • AR purchase order processing: Capture, validate, and export customer purchase orders to the ERP, ensuring an efficient start to the order process.

How AP Essentials Can Help:

  • Increased data accuracy: Market-leading cognitive capture technology ensures accurate financial data and reduces the risk of errors.
  • Robust analytics: Pre-built dashboards provide insights into invoice status and exceptions, optimizing the invoice process.
  • Improved supplier relationships: Faster invoice processing reduces late-payment penalties and improves supplier relationships.
  • Reduced IT requirements: No hardware or software investment required, with minimal maintenance, upgrades, or updates needed.

Unlock the power of AP Essentials to streamline your accounts payable process. Contact us now to learn more about how AP Essentials can revolutionize your business operations.

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