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AP Automation for Workday
Get visibility into payables with a seamless invoice capture system, invoice processing and an automated approval workflow for both desktop and mobile devices. A complete accounts payable automation solution that leverages your investment in Workday.
Intelligent OCR
Data is intuitively extracted from paper, scanned or emailed invoices. Paper is captured with 95%+ accuracy, electronic files with 100% accuracy.
Invoice Processing
Invoices are viewable in a central dashboard and automatically sent to users to review and approve. Invoices can be flagged at the header level or on line items. Once approved by the user, invoices are sent to Workday.
Approval Workflow
Automated workflow to designated roles in the company. One-click approvals in email. Ad hoc routing without having to code. Have as many users as you want – no user license costs.
Intelligent 3 Way PO Matching
2 and 3 way matching of POs and/or goods receipts at the header or line level. Matched invoices are sent straight to Workday. Exceptions are flagged and sent to approvers to reconcile.
Recurring Invoices (Contracts)
Repeated invoices are matched to account numbers or contracts, posted to the proper charge codes and approved for payment. Receive reminders when contracts are to be terminated or renewed.
Archive & Audit
Invoices, purchase orders, and goods receipts are archived in the Cloud for searching, reporting, and audit trail. Includes all documents plus electronic messages between employees and vendors/suppliers.
Product Details
Intelligent Data Capture
- Using Artificial Intelligence and automation, data is intuitively extracted from both paper or emailed invoices
- Software instinctively learns invoice layouts and data fields and stores them in a database
- Paper is captured with 95%+ accuracy, electronic files are captured with 100% accuracy
3-Way Match
- Purchase orders, supplier invoices, and goods receipts are automatically matched
- Exceptions are flagged and sent to approvers for one-click approval in email
- Handles both internal and external POs
Recurring Invoices (Contracts)
- Repeated invoices are matched to account numbers or contracts, posted to the proper charge codes and approved for payment
- Reminders are sent when a contract is about to expire
- Expense can be split amongst different departments
AP Workflow
- Invoices are gathered into a central dashboard, and automatically sent to managers to review and approve. Once approved, invoices are sent to Workday.
- Ability to flag invoices or line items and send them to business users for review and approval
- Automatic notifications and reminders
Archive & Audit
- Step-by-step documented history of invoice transactions, including communications between internal staff and suppliers
- Provides basis of objectivity for enquiries or investigations
- Complete searchable archive
Seamless Bi-Directional Integration with Workday
Unlimited Users – Pricing Based on Volume | Modules-Based Software Solution Grows With Your Company
Outstanding Service & Support
More product details and key benefits in the tabs above.
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Contact Us: Phone: +1 416 968-2335 (Canada)
E-mail: sales@echovera.com
EchoVera Inc. provides Sales Order Automation, Intelligent OCR and AP Automation to organizations looking to reduce costs and increase the efficiency of their financial operations. EchoVera brings over 30 years experience to clients worldwide.