Are there not enough hours in the day to complete manual entry tasks on top of chasing down approvals and answering supplier inquiries?
With EZ Cloud, automatically process invoices, ensuring accuracy, flagging duplicates and exceptions, and checking for fraud, all while maintaining business compliance rules behind the scenes.
EZ Cloud also integrates seamlessly with your ERP system, so all necessary information is centralized and at your fingertips, including past invoices, supplier information, and real-time updates. With approval reminders and an integrated communications channel connected to each invoice, users can ask or answer questions in one place, leading to less manual follow-up and faster approvals.
Approvals can even be made with just a click within the EZ Cloud app!
With EZ Cloud, processes are digitized and automated with centralized communications.
Invoices can be scanned, uploaded, or emailed to be captured and stored by the solution, taking the paper out of AP processes and making audits a breeze. With just a few clicks, you can review invoices and make sure all items are reconcilable so payments can be made.
Say goodbye to hours of manual entry tasks!
Using EZ Cloud’s automated 2 & 3-way PO matching and AI & machine learning technologies, reduce unnecessary mistakes and invoice duplication. With the solution’s touchless invoice processing, built-in compliance rules also run in the background, mitigating fraud risk.
Say goodbye to chasing down approvals!
With EZ Cloud’s comms channel, messages are connected to each invoice, streamlining and centralizing communications. Reaching out to approvers, answering questions, and receiving feedback promptly becomes a breeze!
Each supplier can upload invoices and track the invoice journey from their own portal.
With this level of transparency, expect a reduction in inquiries and follow-up, helping your AP team to continue strengthening relationships between your organization and its suppliers.
EZ Cloud’s accounts payable solution is easy to integrate into daily operations for professionals interested in increasing efficiency and improving cash flow while eliminating human error. As a cloud-based AP automation solution, our innovative solution pairs perfectly with Oracle ERPs, including Oracle Cloud, Oracle NetSuite, and Oracle PeopleSoft, to name a few.
Accounts Payable fraud is a common type of fraud that targets a company’s accounts payable department, which is responsible for paying suppliers and vendors. Accounts Payable fraud can take shape in multiple forms and can be committed internally by employees, externally by vendors, internal and external parties working together to commit fraud, or internal/external hackers.
Definition & Other AP Questions Answered…
rnrnAccounts payable (AP) refers to what is owed for items purchased on credit. It is considered a short-term debt, or money that a business owes its suppliers. It appears as a liability and shows how much a company owes to its suppliers for products or services that it purchased and received on credit.
Accounts payable is an integral part of the way organizations operate. While recognized as a support in maintaining profitability, accounts payable has historically been done through manual processes. Why though? It’s inefficient, prone to error, and can be expensive. Switching to EZ Cloud AP automation is the best way to streamline this process.
Calculating the cost of processing an invoice is important for any organization using Accounts Payable. There are several factors to consider when calculating the cost of an invoice, and it may be difficult to accurately calculate the actual cost of processing. While somewhat technical and mathematical, this blog aims to assist in calculating the true average cost of processing an invoice. rn
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