Automate every vendor payment across your company with financial controls and smart insights to save you hours of effort and thousands of dollars
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Receive invoices directly from your suppliers on your central accounts payable email alias
ClearTech scans your invoices using OCR technology and a managed service team ensures accuracy of data extraction
Each invoice accompanies all historical context from email correspondance to W9 status to vendor history
Customizable approval policies based on department, dollar threshold or spend category
ClearTech learns your business rules for assigning GL codes for departments, accounts, payer entity
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Easily group invoices into payment runs based on your company's payment frequency and ensure vendors are paid on time
Segregate business approvals for invoices and finance approvals for payments to control cash flows
Use ACH or Check for payment to domestic vendors and pay your international vendors in USD or their local currency
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Combination of Optical Character Recognition (OCR) technology and human intelligence to capture 99% accurate header and line item level data. Proprietary AI models automatically categorize every expense and purchase based on historical transactions.
Improve the efficiency of invoice processing with automatic matching of invoices against purchase orders and item receipts to ensure you only pay for what you receive and eliminate any wastages or leakages in spend.
Automatic payment run creations with 1-click approval for supplier payments across different payment methods like ACH, Check, Wire etc. ClearTech calculates when a bill needs to be paid taking into account the due date, payment mode, weekends, and holidays ensuring you are on time, every time.
Pre-built integrations with a vast number of accounting systems enable you to sync bills, and payments easily to your GL. With automated accounting, speed up reconciliations and reduce the month-end closing timelines.
Easily maintain your vendor masters and streamline communication with your suppliers. ClearTech collects all supplier tax and payment information, W9 forms, contracts, and more to ensure you have a consolidated platform for all supplier information.
System-generated warnings if W9 forms aren’t received before payment is made to help you ensure compliance. Protect yourself from payment fraud with an added layer of approvals for changes in vendor bank details and while initiating payment runs. All this clubbed with comprehensive audit trails to easily record and retrieve information when needed.
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Get in touch with us to get a demo to understand how
ClearTech can save your precious time and money
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ClearTech, with the help of our robust machine learning (ML) engine and super-fast humans, guarantee 100% accurate digitization of all invoices - paper, PDF or images. ClearTech's approval policies are completely customizable to the needs of your organization, which provide your Finance and Accounting teams robust financial controls.
On receiving invoices from your vendor, ClearTech AP then extracts all invoice data and automatically codes these invoices to the correct GL accounts. These invoices are finally sent to your business heads based on approval policies configured by you. And paid to your vendors via their preferred payment mode. Finally, the transactions are synced back to your accounting software, leaving you with a complete audit trail of every invoice approved and paid.
You will have the ability to directly add your vendor's ACH details or request your vendor to add them. Alternatively, if vendor ACH details are already populated in the vendor master of your ERP, ClearTech will pull the relevant details from the accounting system.
With ClearTech, you can make payments against your supplier invoices using their preferred payment method. We are currently supporting ACH and Check and will soon be adding the abilities to pay your vendors by card and international wire.
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A bill payments software allows you to automate invoice data capture, GL coding, approvals and payments. It also automatically creates bill entries and syncs them to your accounting system.