how to find the best accounts payable software

1. how to find the best accounts payable software? When looking for the best accounts payable software, it can be difficult to navigate the various solutions available. Accounts payable automation is quickly becoming an essential for a modern business, as finance teams who still spend time manually keying data can be left behind. There are a few important things to consider when finding the best accounts payable software for your needs: Does it integrate with my finance system? Firstly, does the solution integrate with Xero, Sage, QuickBooks, or whatever finance system you’re using? You don’t really want to overhaul your entire system, but add value to what you already use. A piece of advice is to check what an AP solution really means when they claim to integrate too, as some solutions still require a manual process for this.

2. Can I access this from anywhere? Using a cloud-based system would mean you can use it on a laptop, desktop, tablet and mobile from the office, home or while traveling. This gives a flexible measure of support and efficiency, as no invoice or purchase order will have to wait for its approver to be at their desk. Cloud-based also means no slow installation of any software onto a device, it is simply accessed via the internet. Will it streamline my invoice processing? The best accounts payable software solutions provide advanced invoice processing that involves multi-step approval workflows. Zahara Systems Ltd. sends invoices through your personalised workflows of approvers, who can approve or reject and add comments to their decision. This ensures that the

3. invoice is approved by the correct people, automatically hopping from one approver to the next with no more paper getting lost all over the office. Can I create purchase orders in line with a budget? To be able to create orders against a budget or a department is an important consideration for a business who wants to control their spend. In Zahara, POs are also sent through workflows and can be assigned to department budgets or projects for increased visibility of spend. Optical Character Recognition The best accounts payable software solutions have optical character recognition (OCR) built in, without the need to use multiple systems. OCR accurately reads invoices and intelligently converts them into digital formats, even matching them with corresponding purchase orders. Automated 2-way matching can even prevent fraud, as OCR detectsdiscrepancies between invoices and POs and check for any fraudulent suppliers or bank details. Check that the system has this built in. It is important to consider all of these aspects when searching for the best accounts payable software. Check if it will adapt to your needs and keep up with innovative shifts in accounts payable for an ultimate all-in-one solution. View the full feature list of Zahara advanced AP software and join the thousands of businesses worldwide automating their AP processes with Zahara today.

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