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.

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 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

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.

Products

GST
E-INVOICING
- E-Invoicing Software
- E-Invoicing API
APPS
- Billzo App
- E Invoice QR Code Scanner
E-WAY BILL
- E-Way Bill Software
- E-Way Bill API
ACCOUNTS PAYABLE
- AP Software
- OCR Software & APIs

GSTUse the latest Masters India’s GST Software, GST return filing software

E-INVOICINGGenerate and Manage E-Invoicing directly from your ERP with E-invoicing Software

APPSFree GST Quotation, Billing, E-Way bill and GST data Mobile and Web App

E-WAY BILLEway Bill Software by Masters India to Reduce Compliance Effort by 93.00%

ACCOUNTS PAYABLEAccount Payable Automation to automate workflow & monitor accountability

Tools

GST TOOLS
HSN TOOL
- HSN Code Search
BOE TOOL
- BOE PDF TO Excel Convertor

GST TOOLSSearch GST taxpayer by entering GST Number

HSN TOOLOnline tool to find latest HSN codes or extract Bill of Entry (BOE)

HSN Code SearchOnline tool to find latest HSN codes and GST tax rate

BOE TOOLOnline tool to find latest HSN codes or extract Bill of Entry (BOE)

BOE PDF TO Excel ConvertorOnline tool to extract Bill of Entry (BOE) pdf file fields into excel

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Automate you Accounts Payable Process with Masters India Account Payable Solution

AP Solution to automate Enterprises procurement process from Procure - to - Pay or (P2P) on a timely basis.

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The intelligent way to issue POs, approve bills via Accounts Payable Approval Software and see analytics

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Capture & Approve

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Masters India AP Automation successfully integrates with your ERP

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

Check out the exciting features of Account payable software to ease and fasten your accounts payable process.

Vendor Portal

Communicate with Vendors by transparently sharing PO, AP Invoice and Payment using Accounts Payable Automation tool

Bill Inbox

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

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 with Accounts Payable Automation Technology.

User Management

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

Now Focus More On Business with Less Stress

What Is Accounts Payable Automation?

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

Key Point:

To extract data from PDF and images using machine learning and artificial intelligence, use optical recognition character or invoice OCR software. For accounts payment operations, automating invoice processing will save time and lower the cost of manual data entry.Check out now

What Exactly Is the Masters India AP Automation?

Masters India AP automation software or automated AP software 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.

Account payable automation solutions 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- Invoice automation software helps in 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.

Key Point:

You can contact us at any time with your GST-related questions, and we would be pleased to assist you with our most recent GST software and other products.View it now

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.