Managing the accounting system of an organization is a huge responsibility, and at Aurora Software we understand that well. That is why we have brought you NOVA’s Accounts Payable Software System. When implemented in an organization, it makes the accounting efficient with the inclusion of document imaging.
Accounts Payable Software Systems consist of a set of instructions that are customized for automating the business payment processes from start to the finish. Such software systems classify, match, and verify the information before forwarding it to the accounting system of your business.
Accounts payable automation is an advanced technology used to automate the accounts payable invoice processes by the accounting teams. Accounts Payable Software Systems are equipped with intellectual Optical Character Recognition (OCR) technologies that integrate both artificial intelligence (AI) and Machine Learning software (MLS) for automating the entire accounting and payment process of your business.
Our advanced Accounts Payable Software System, NOVA comes with several benefits that include:
NOVA isolates the duties between processing, approval, and payment. It is a digital way to tackle the accounting system i.e. it uses the cloud, hence reducing the risk of theft of checks. Moreover, digital payments via NOVA keep your information confidential and reduce the risk of potential misuse of your information.
With NOVA the invoice images get stored in compliant archives which are backed up regularly and safe from floods, fire accidents, and theft. So bid adieu to the paper invoices and get rid of the unwanted clutter. Go digital!
Making duplicate payments to a vendor is truly frustrating. However, with NOVA’s Accounts Payable Software Systems it becomes easier for you to recognize a duplicate invoice number from the same vendor, hence you won’t need to review the invoices manually anymore. Isn’t that time and money-saving?
Besides these, you can benefit from implementing NOVA’s accounts payable software system into your business’s accounting system.
NOVA’s accounts payable software comes with numerous innovative features that make it stand out. Some of its key features include you are allowed to see the full extent of your cash requirements, by combining this software with your accounts receivable system, you get the power and knowledge to make well-measured decisions, reports comprising of open and closed invoices, journal entries, cash requirements, and aging, audit lists and several reports presenting vendor and invoice files, you can locate invoices faster, check the status and answer queries with the online inquiry programs, you are allowed for full control of payments with its flexible payment selection criteria, invoices are generated on a weekly, semi-weekly, monthly, quarterly or annually with the recurring payment set up, you can handle both manual, as well as voided checks, all necessary journal entries can be created and transferred to General Ledger. Besides that this innovative software features numerous manual, semi-automatic and automatic methods.
Do you want to integrate NOVA’s Accounts Payable Software Systems into your organization? Want to take the best benefits of it? Then get in touch with us, Aurora Software today and let us make the accounting system more practical, automated, and efficient.
Ans-: NOVA’s accounts payable system allows you to see the full extent of your cash requirements, Combined with the accounts receivable system you will have the power and knowledge to make considered decisions, Reports show open and closed invoices, cash requirements and aging, journal entries, audit lists and several reports showing vendor and invoice files, Online inquiry programs locate invoices fast for checking status and answering questions. Include document imaging that will print your vendors invoice on the check stub that allows for a better process for your customers to post your payment.
Ans- The accounts payable workflow describes a company's complete end-to-end process in the procurement and payment of transactions. In essence, a workflow maps the steps from the point at which goods are received to the point at which invoices are paid.
Ans- Microsoft Dynamics, Tipalti, Sage Intacct, Xero, Oracle ERP, SAP, etc.
Ans- Increased efficiency, Minimizes risk, Reduces upfront costs, Fast deployment, Lower labor expenses, etc.