Invoice Receipt
Leverage a single platform for all paper and electronically submitted invoices. We’ll receive invoices directly from your suppliers and process them on your behalf.
Streamlining Invoice Processing from Receipt Through Posting
Invoice Data Capture
Better than traditional AP automation, MetaSource’s AI-driven accounts payable automation solution automatically extracts key fields from invoices, including headers, line-item details, and everything in between.
PO Invoice Two- & Three-Way Matching
Our proprietary rules-based processes and technology for data validation and line-item pairing deliver unmatched invoice posting rates.
Exception Handling
MetaSource’s automated accounts payable system leverages AI and human expertise to resolve data discrepancies. Any exceptions caused by the supplier are detected and presented for resolution.
Invoice Approvals
Configure business rules for digitally routing invoices that require approval, so remote workers never miss a beat.
ERP System Posting
With our AP automation solution, you can seamlessly connect your existing ERP system(s) for bi-directional data synchronization.
Real-Time Insights
Enhance visibility and control over your financial operations by tracking invoice statuses in real time, while gaining valuable insights into cash flow, corporate spending, and overall performance.
SourceAP™: The Invoice Processing Automation Software Behind Our Proven Process
MetaSource’s comprehensive, AI-powered invoice processing software, SourceAP, was built to help you enhance data accuracy, improve efficiency, optimize visibility, reduce fraud risk, and, ultimately, handle high volumes of complex invoices with ease. As a configurable solution with a variety of components for you to choose from, SourceAP can meet your finance team’s unique needs.
Integrate with Any ERP or Accounting Software
Our pre-built integrations make it easy to sync invoice data between SourceAP and your ERP or accounting software. Don’t see your ERP or accounting software? We’re adding new integrations all the time.
NetSuite
Microsoft Dynamics
SAP
Sage
World-Class Performance, Reliability & Security
MetaSource AP Automation is powered by a cloud infrastructure and comprehensive outsourced services built for whatever comes next. You can count on us to be there to help your business grow.
SOC 2 Type 2
PCI DSS
HIPAA
GDPR
Your Guide to Transforming Your AP Workflow with Automation
Discover how you can adopt a smarter approach to invoice processing, so you can keep up with modern business demands.
No Pain, Just Gain with Fully Automated Invoice Processing
No one likes half-measures. With MetaSource’s AP automation solution, you get an end-to-end solution that will eliminate manual keying, paper shuffling, and time wasted fixing errors and mistakes once and for all.
Whether your AP department is automating for the first time or looking to upgrade from its existing technology, our end-to-end approach to automation ensures that you will achieve optimum results.
75%
reduction in costs
90%
less manual handling
70%
faster invoice approvals
See Why Industry Leaders Choose MetaSource
Organizations in a wide variety of industries, including healthcare, financial services, fitness, homebuilding, and higher education, leverage MetaSource’s accounts payable process automation solution.
Continue Your AP Automation Journey
AP Automation FAQ
What is accounts payable automation?
Accounts payable automation is technology that digitizes and streamlines the receipt, processing, and posting of paper and electronic invoices submitted by suppliers. The technology automates tasks such as:
- Capturing invoice header and line-item details
- Matching invoices against purchase orders (POs)
- Digitally routing unmatched invoices or invoices that require review for approval
- Posting approved invoices to the buyer’s enterprise resource planning (ERP) platform or accounting software package
The best accounts payable automation solutions also provide expert-assisted services for resolving invoice exceptions. By automating invoice data capture and other invoice processing tasks, AP departments can decrease operations costs, reduce the possibility of errors, accelerate invoice approval cycle times, and gain visibility into invoices from the point they are received.
What are the benefits of AP automation?
Accounts payable automation solutions provide significant operational and strategic benefits to organizations of all sizes, across all industries. Eliminating manual, repetitive invoice processing tasks such as keying invoice data and shuffling paper and emails reduces the average cost to process an invoice submitted by a supplier. According to the Institute of Finance and Management (IOFM), highly automated accounts payable departments spend less than one-fourth as much, on average, to process a single invoice compared to their peers with little or no automation.
Accounts payable automation also improves staff productivity. Highly automated AP departments process eight times as many invoices per full-time equivalent (FTE) as their peers with little or no automation. And accounts payable automation reduces the average amount of time it takes to approve an invoice. Highly automated accounts payable departments approve invoices in less than one-fourth the time it takes their less-automated peers. As a result, highly automated accounts payable departments capture seven times as many early payment discounts as their peers with little or no automation. These benefits are the primary reasons that more organizations are automating their invoice processing.
How do AP automation solutions work?
AP automation solutions use advanced technologies to digitize and streamline the processing of invoices submitted by suppliers.
- Invoices sent through the mail are received on the buyer’s behalf, digitized, and aggregated with emailed invoices.
- Invoice header and line-item details, such as the supplier’s name, the amount of the invoice, and the invoice due date, are automatically extracted with guaranteed 99.95% accuracy.
- Invoice data is then matched against purchase orders (POs). Matched invoices are posted directly to the buyer’s enterprise resource planning (ERP) or accounting software. Unmatched invoices and invoices requiring review are digitally routed to the appropriate individual, based on pre-defined business rules.
- Subject matter experts employed by the solutions provider take the first pass at resolving any invoice exceptions.
- Once supplier invoices are approved, they are posted for payment.
Throughout the process, accounts payable staff can see the status of invoices.