Terpmail accounts payable

TerpMail is a cloud-based accounts payable automation solution designed for businesses of all sizes. Here are some key features and benefits of TerpMail's accounts payable solution:

Key Features:

  1. Invoice Processing: TerpMail allows you to upload, index, and store invoices electronically, eliminating the need for paper invoices.
  2. Automated Data Capture: The solution uses OCR (Optical Character Recognition) and AI-powered technology to extract relevant data from invoices, such as vendor information, invoice numbers, and dates.
  3. AP Workflow Automation: TerpMail's workflow automation enables you to create custom approval routes, assign tasks to team members, and track the status of invoices in real-time.
  4. Vendor Management: The solution allows you to manage vendor information, including contact details, payment terms, and invoice history.
  5. Payment Processing: TerpMail integrates with various payment gateways, enabling you to make electronic payments to vendors.
  6. Reporting and Analytics: The solution provides real-time reporting and analytics, enabling you to track AP metrics, such as invoice processing times, payment trends, and vendor performance.

Benefits:

  1. Increased Efficiency: TerpMail automates the accounts payable process, reducing manual data entry and increasing processing speed.
  2. Improved Accuracy: The solution's automated data capture and validation features minimize errors and ensure accurate invoice processing.
  3. Enhanced Visibility: TerpMail provides real-time visibility into the AP process, enabling you to track invoices, payments, and vendor performance.
  4. Cost Savings: By reducing manual labor and minimizing errors, TerpMail can help you save time and money.
  5. Compliance: The solution ensures compliance with regulatory requirements, such as GDPR and HIPAA, by providing secure and auditable AP processes.
  6. Scalability: TerpMail is a cloud-based solution, making it easy to scale up or down as your business grows or changes.

Overall, TerpMail's accounts payable solution is designed to streamline and automate the AP process, improving efficiency, accuracy, and visibility while reducing costs and ensuring compliance.