Accounts Payable
Modernize accounts payable with end-to-end innovation.
Bring invoices, remittances, and budget forecasting into the modern era with accounts payable (AP) automation. ILINX eliminates time-consuming and error-prone manual processes to transform how your organization receives bills, validates terms, and dispatches payments. Eliminate AP tedium while strengthening vendor/partner relationships with ILINX.
Use Cases
- Create a unified digital experience for your AP personnel and internal or external collaborators
- Intake and encode data directly from invoices into line of business systems
- Speed the invoice/pay/reconciliation cycle to win early pay discounts
- Leverage intelligent validation to prevent spending errors and double-payments
- Get real-time budget insights with customizable graphic visualization tools
Smart and accurate capture
Capture information from any invoice, whether born digital, paper-based or even handwritten, while eliminating the need to manually enter data into systems. ILINX standardizes paper and digital documents, identifies key data, and drives the AP process.
Automated routing by workflow
Once captured, leverage ILINX to move invoices through a verification process. Match them against contracts, purchase orders, and delivery receipts, then automatically forward them to pre-defined stakeholders for approval.
Reconciliation and budgeting
Leverage ILINX intelligence to reconcile transactions, analyzing payments and bank statements to verify that recipients and amounts correspond. Real-time status insights into any invoice at any time enable you to budget and forecast with unprecedented accuracy.
Real-World Applications for Accounts Payable
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Enable hybrid and offsite AP processes
ILINX facilitates vendor invoice submissions and enables AP professionals to receive and process them anywhere, using any device.
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Payment scheduling and delivery
Automate payments to reliably earn early-pay incentives while making suppliers and vendors happy.
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Reporting and compliance
Generate real-time reports, visualize & understand cash flow, and attach documentation to avoid IRS penalties.