Accounts Payable Automation
Nuvem, in partnership with Compleat provide a pay-as-you-go, low cost solution that can completely remove the paper from finance processes and take away manual and repetitive entry of data into Accounts systems.
iCompleat integrates with most well known Accounts software packages, and delivers a high level of automation. At the same time senior management can have real-time visibility of the payments process and expenditure.
iCompleat also includes an ordering module, with tight integration with Amazon for Business, giving a full end-to-end Purchase to Pay solution.
Our solution is designed to be self service, though we have the expertise and skills to implement change management strategies where required to ensure a smooth transition for your Accounts Payable team.
How Does AP Automation Work?
By digitally capturing the invoice on receipt and extracting header and line level information, AI and machine learning enables the removal of all the labour content of a manual processes, plus the automation of all the repetitive knowledge work.
Invoice is received by email, directly from the supplier. Alternatively, paper invoices can be batch-scanned and emailed to the company’s e-invoicing address
iCompleat’s e-invoicing portal processes and extracts all invoice header and line level information.
New suppliers would be automatically onboarded and known suppliers will be automatically coded and sent to the approval workflow set up for the supplier, with zero touch.
An approver can view a digital copy of the invoice and approve, deny, query or comment on it instantly and or desktop or mobile.
Once the invoice has been approved, the validated transaction is posted into the integrated accounting software and the journal number is retrieved.
How does AP Automation help my company?
No more manual data entry, or repetitive tasks such as coding or matching Invoices with POs
Make your Purchase Ledger team more efficient, give them the ability to do more with the same headcount.
Automatic fraud checks reduce the chance of fraudulent payments
your faster, on-time payments may allow you to benefit from early payment discounts
Reporting & MI
full reporting suite and real-time visibility of invoices