Best AP Automation Software for Microsoft Teams

Fraxion's accounts payable automation software streamlines the invoice processing workflow for mid-sized finance teams, leading to cost savings, quicker closing cycles, and the elimination of errors and overpayment risks associated with manual AP procedures. Fraxion offers comprehensive automation throughout the accounts payable process, including invoice reception, AI-driven data extraction from both single and multi-page invoices, AI-assisted review, predictive coding, automated approval processes with mobile capabilities, invoice batching, and effortless integration with your financial systems. The primary advantages encompass accelerated invoice processing, elimination of manual data entry, reduction of errors, minimized overpayment risk, detection of exceptions and duplicates, expedited month-end closing, and valuable AP insights regarding invoice volume, vendor expenditures, and processing times — all achievable without increasing staff. Finance teams can begin with accounts payable automation and evolve to a complete procure-to-pay solution, incorporating procurement, expense management, and spend analysis within a unified platform, all without the need for reimplementation. The software integrates seamlessly with platforms such as Sage, Microsoft Dynamics, NetSuite, and QuickBooks.

Gravity Software specializes in AI-driven accounts payable automation tailored for expanding organizations with multiple entities. Developed on the Microsoft Power Platform, Gravity empowers finance departments by automating the processing of vendor invoices, minimizing manual data entry and errors, and simplifying the approval process from the moment an invoice is received until payment is made. The platform features customizable workflows that can direct invoices based on various factors such as entity, program, project, vendor, or amount, and accommodates multiple levels of approval. Approvers can easily review invoices, modify coding or dimensions as needed, reassign tasks, and either approve or reject transactions directly through Microsoft Outlook or Teams, effectively alleviating approval delays and reducing unnecessary communication with accounts payable. Once approved, invoices are seamlessly integrated into Gravity’s accounting system, ensuring transparency and traceability while enhancing the accuracy, control, and efficiency of finance teams.

By effortlessly handling diverse invoice formats from various channels and seamlessly integrating with your ERP system, Neil automates the entire AP process. This empowers your team to focus on strategic initiatives while Neil ensures accurate and timely invoice processing with an impressive 85%+ accuracy rate. Going beyond conventional RPA and OCR limitations, Neil leverages advanced AI and machine learning to extract critical data, optimize workflows, and maintain open communication with vendors. Result? 90% straight-through processing (STP), significantly reduced human error, strengthened vendor satisfaction, and overall optimized cash flow with better visibility and vendor discounts with timely payments.

Capture vendor invoices using a variety of flexible methods such as email, check requests, mobile applications, or vendor portals. Leverage OCR technology and predefined application templates to automate data extraction, seamlessly integrating with your ERP solution. By utilizing your existing Office 365 subscription alongside SharePoint and Microsoft Power Automate, you can establish a comprehensive invoice automation system that reduces costs for your organization. Our solution features integration with Microsoft Power Automate workflows, SharePoint's security protocols, Power App check request functionalities, integrated OCR capabilities, and Microsoft Forms for vendor onboarding. All of this is achievable through a platform you're likely already utilizing. Our EasyAP365 application connects with your ERP system, ensuring that once an invoice is approved, the corresponding transaction is created instantly in real time, accommodating both purchase orders and non-PO invoices. This innovative product is built on the Microsoft Office 365 infrastructure, allowing for seamless operation and access across familiar tools. The adaptability of this solution means it can grow with your business needs.