What is the AP process?

AP process is recording of invoice and payment details with respect to goods or services purchased. The process is designed to facilitate the process of payment for the goods and services supplied.

What are the benefits of accounts payable automation?

The benefits of Accounts payable automation is:- Time saving Cost saving Accurate Real time Increase employee productivity Manual error of entry is minimised Documentation benefits Efficient workflow and approval matrix Transparency of data.

How do you automate an AP process?

You can automate your AP process in few simple steps:- Release PO to your vendor in ERP and through Masters India AP software, vendor is able to view PO and able to accept or reject. Design Effective invoice approvals process - Effortlessly going through the approvals within the organization Digital copy of invoice is to be received from Vendors Eliminating data entry- OCR system captures data through software and all the data gets stored in the system Matching correctly with Purchase order and GRN Approve invoices & provision of invoice audit trail to check invoice status Sync data to ERP - Real-Time Two-Way Sync of data to ERP via API, Excel & PDF

What is Invoicing Automation?

Invoicing automation is the process of typically eliminating manual feeding of invoices in the system, here Accounts Payable automation solution or OCR solution extract and captures the data and all the data gets stored in the system automatically. It further helps in the verification of invoice with Purchase order and reduce errors in the stage of invoicing in the system.

Accounts Payable Automation Will Simplify & Automate Bill Payment

With Masters India Accounts Payable Automation solution, reduce costs & save time by eliminating stack of paper, automating approval workflow, and collaborating with vendors.

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Master India AP successfully integrates with your ERP

Seamlesss, Real-Time Two-Way Sync with SAP, Oracle, Microsoft Dynamics and other Popolar ERPs

Checkout Some of the Features to Transform Your Accounts Payable Process

Vendor Portal

Reduce Communication with Vendors by transparently sharing PO, Invoice and Payment.

Bill Inbox

Parse incoming bills with the help of AI and digitally store them for easy access.

Approval Workflow

Route the incoming bills automatically for internal approval based on predefined approval workflow.

Spend Analytics

Turn Data into cost reducing Ideas.

Business Management

Manage payable process at business group, company and division level.

User Management

Ensure data security with role and permission based access for users.

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What Is Accounts Payable Automation?

Account payable process or AP process has always been a tedious task, but there are solutions now to automate Account payable. These AP automation solutions or Accounts payable automation technology system used to break down AP process into a more simple form and provides convenient outcome.

What Exactly Is the Master India AP Automation?

Masters India AP automation is cloud based Software furnished with optical character recognition (OCR) technology which through Artificial intelligence (AI) and Machine learning (MI) is successful to automate accounts payable process and services into a more timely, smart and flexible.

AP automation helps to automate the account payable process which leads to a complete reconciliation, and timely payment of the invoices.

What Does Masters India Accounts Payable Software Typically Do?

Vendor management - Communication with your Vendors & all vendor documents such as contracts, annexures, quality and tax certificates, Products images in one place.
Invoice Automation- Matching of invoices with PO and eliminating duplication and mismatch of invoices. Receive invoice over email Box & Process it into OCR to extract data.
Streamline of Purchase order (PO) - Now your vendors easily view and accept the PO
3-way matching in accounts payable- This is a complete check with respect to PO, Invoice and GRN of goods and services.
Approval Workflow - Apply Checks on the invoice approval of your choice
Advanced software also looks into the timely payment to the vendor & notify about the due date of the vendor payment.