What is AP Automation?

AP Automation is a complete, end-to-end automated invoicing software solution that incorporates optical character recognition (OCR) technology and artificial intelligence (AI) to process invoices and make payments.

 

The accounts department manages the credit due to an organization when it procures goods or services from various suppliers. This liability due to an organization is known as accounts payable. Accounts payable creates an obligation on the part of an organization that hampers its credibility in an industry.

 

The accounts payable process involves invoice data capture, coding invoices with the correct account and cost center, approving invoices, matching invoices to purchase orders, and posting for payments. The accounts department in most organizations is responsible for the Accounts payable process.

 

Businesses need an efficient way to manage their invoices without the risk of human error. With AP automation software, companies can use a robust set of features to capture and code information, route invoices for approval, execute and record payments, and then sync this information back to your ERP system.

 

How does AP automation work

Star Software AP automation allows you to integrate all the steps required to make payments against invoices raised by vendors.

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Comprehend

Star AP automation with its unique OCR technology can comprehend a large number of invoices sent digitally or manually. Invoice data is stored centrally in the ERP system provided by Star.

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Endorse

Get your invoices endorsed by the concerned departments online easily. Even PO and Non-PO invoices can directly be sent for automated PO matching.

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Validate

Star AP automation allows you to validate the invoices to be paid with a 2-factor authorization feature. This allows you to avoid fraud while making payments to vendors.

Payment

Get a faster payment cycle by using our AP automation. Pay faster and safely with our advanced payments solution. Choose from a wide array of payment options to meet your specific needs including ACH Payments, eChecks, etc.

How Star Software AP automation helps in Invoice Management

Star Software designs accounts-payable solutions which are not just powerful, but also easy to use. Star AP 360 allows users to manage their accounts-payable effectively from scanning invoices to payment of vendors using bank integration without having to stick to the conventional and tiring methods of compiling invoices.

 

Star AP helps businesses automate every phase of the AP and banking process. From receiving invoices to creating them in an ERP application and further making payments to the vendors, within the application, it automates every step in between, thus eliminating the need for manual data entry to reduce labour costs and time.

Star software offers two automation products to improve the inefficiency in the accounts payable process. One is Star AP 180 automation that speeds up the invoice processing, and Star AP 360 automation that offers the dual benefit of speedy invoice processing to faster payments to vendors error-free.

The five key benefits of Star AP Automation

Star Software strives to provide integrated and innovative automation solutions to our clients by utilizing the latest technology, best practices and recognized industry standards through our knowledge and significant experience in the industry. 

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