PayEX AP - Accounts Payable Automation Solution

Key features

• 𝐕𝐞𝐧𝐝𝐨𝐫 𝐏𝐨𝐫𝐭𝐚𝐥: Self-service portal for vendors to update details, track purchase orders, payments, and submit invoices.
• 𝐈𝐧𝐯𝐨𝐢𝐜𝐞 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 & 𝐃𝐚𝐭𝐚 𝐄𝐱𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧: Multi-modal invoice collection with auto-extraction from emails and documents, including context.
• 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞𝐥𝐲 𝐂𝐨𝐧𝐟𝐢𝐠𝐮𝐫𝐚𝐛𝐥𝐞 𝐄𝐑𝐏 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: Seamlessly extracts and reconciles Vendor Master, PO, Receipts, and Bills data from any ERP in real-time or at a predefined frequency, ensuring system sync.
• 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 𝐄𝐧𝐠𝐢𝐧𝐞: Performs 3-way reconciliation of vendor invoices with purchase orders and receipts, auto-suggesting and self-training on reconciliation paths.
• 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞𝐥𝐲 𝐂𝐨𝐧𝐟𝐢𝐠𝐮𝐫𝐚𝐛𝐥𝐞 𝐖𝐨𝐫𝐤𝐟𝐥𝐨𝐰𝐬: Enables the setup of custom workflows for various approval & exception handling with ability to add comments, supporting data and task assignment.
• 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐀𝐏 𝐏𝐨𝐫𝐭𝐚𝐥: Provides detailed dashboards for AP teams to view payables status, generate payout schedules, and easily manage user roles and permissions.
• 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐃𝐚𝐬𝐡𝐛𝐨𝐚𝐫𝐝: Consolidates vendor interactions, payment statuses, and KPIs such as DPO, offering actionable insights to decision-makers.
• 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐀𝐜𝐜𝐞𝐬𝐬 𝐑𝐢𝐠𝐡𝐭𝐬: Supports multiple legal and regional entities, providing limited access rights for different business units.
• 𝐀𝐮𝐝𝐢𝐭 𝐓𝐫𝐚𝐢𝐥𝐬: Provides comprehensive audit trails for both external and internal auditors.
• 𝐄𝐦𝐛𝐞𝐝𝐝𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: Provides secure and affordable dynamic discounting options from both banking and non-banking lenders.
• 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐏𝐚𝐲𝐨𝐮𝐭𝐬: Automates and secures vendor payouts via multiple payment rails based on due dates.