Accounts payable automation helps finance teams automate manual, repetitive and error-prone tasks like receipt and invoice data entry, managing approvals and processing payments.
AP automation solutions empower businesses to make their accounting processes more efficient, accurate, and scaleable. They also provide better visibility and control over expenditure and cash flow.
ClearTech's AP automation software extracts all header and line-item information from invoices with nearly 100% accuracy. Post digitization, invoices are automatically routed to business heads for approvals, and once approved, payments can seamlessly be made to vendors with their preferred mode. All these transactions are synced to your accounting software, giving you a detailed audit trail for every invoice action.
ClearTech's AP automation software utilizes advanced technologies like AI and ML to prevent you from making excess payments. ClearTech identifies and highlights invoice duplicates, contract rate deviations, spikes in vendor spend, and more.
ClearTech's AP automation software offers pre-built integrations with 20+ popular accounting systems like Netsuite, Microsoft Dynamics, QuickBooks, and more. Our integrations are set up in just one day and enable you to seamlessly sync transactions without changing your current system.
With automated periodic reminders, ClearTech's Accounts Payable software directly routes invoices to the right business stakeholder. Approvers can also seamlessly action upon approval requests with a single click on the email. Compared to manual flows, ClearTech's approval workflows reduce errors and delays while facilitating remote working.
ClearTech allows unlimited accounting team members or approvers to access the platform ensuring greater control and visibility over your expenditures while eliminating any need to change your existing processes.
Implementing an Accounts Payable solution like ClearTech can help reduce the labor cost of invoice processing by anywhere between 60-80%. In addition, with deep analytics on vendor spend, we also help save 5-10% of non-payroll spend.
Data capture in ClearTech's Accounts Payable is trained on thousands of invoices. In addition, our team of accountants adds a layer of human review to guarantee a near-100% accuracy of data extraction from your vendor invoices.
ClearTech enables you to make one-click payments to your vendors using their preferred mode of payment. We currently support bill payments via ACH and Check and will soon be adding capabilities for International Wire and Cards.