Accounts Payable

Accounts Payable Software

Empower your accounting team with transparency and control over finances by deploying Newgen’s accounts payable invoice automation solution, built on a low code digital transformation platform—NewgenONE. Maximize your return on investment by leveraging this AI-powered solution, which can capture, classify, validate, match, approve, manage payment, and archive different types of invoices, irrespective of the source, format, language, or region. Ensure adequate compliance adherence with the service level agreements and changing government regulations. Integrate your standard operating procedures with the solution to maximize straight-through processing of transactions and ensuring first-time-right.

Newgen's Solution for Accounts Payable

Invoice Processing

Multi-channel capturing of invoices
AI-powered classification of invoices
Multi-engine extraction of invoices
AI-powered de-dupe checks
Image-assisted validations and fuzzy matching
Exception and payment management with dynamic approvals
Built-in rules for touchless processing of invoices
Seamless communication and query management with vendors via the portal
Strict adherence with local and global laws & regulations

Payment Processing

Seamless bulk payment for single/multi-vendor invoices
Easy pre-scheduled payments
Auto knock-off advance payments and credit notes
Instant updates for vendors regarding payment status with reference details

Solutions for Shared Services Centers

Finance and Accounting

Achieve greater efficiency, improved compliance, and...

HR Operations

Transform your end-to-end HR operations to enhance...

Supply Chain Management

Automate supply chain processes for cost efficiency and...

Success Stories

Streamlined contract management

The US-based multinational corporation had a manual process of creating and managing contracts and no centralized...

Decreased process cycle times by 50%

The client, a privately-held Dubai-based conglomerate, leveraged Newgen’s robotic process management suite to automate...

Improved processing efficiency by 60%

A global alcoholic beverage manufacturer streamlines their accounts payable and receivable processes to reduce...

Where are you in your digital transformation journey?

Problem Identification

We have compiled tools and documents to help you in your journey. Knowing that “what you see depends on where you stand,” we have something for you, as a line-of-business operations in-charge, an IT leader, or a C-level executive, for your industry-specific needs.
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Solution Exploration

At this stage, you might find that the available technology/solution is going beyond your initial expectations in terms of scope. This is also the stage of building consensus among your peers for your industry-specific needs, whether you are a line-of-business operations in-charge, an IT leader, or a C-level executive.
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Requirement Building

This stage is all about looking beyond features and functions. After all, addressing just the immediate need can translate into “short term gain but long-term loss.” Invest in a technology that solves for your today’s needs and is extensible and configurable for your unknown future needs. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you don’t want to go through the same process in another 2-3 years !
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Vendor Selection

It all comes down to choosing the right partner. Their innovation history, industry focus, local presence, support services, partner ecosystem, technology strength, cost effectiveness, customer references, risk rating, and lot more needs to be evaluated. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you are all evaluating them from your unique perspectives!
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Solution Optimization

That feeling of achievement and relief after a successful, on-time, in-budget project is all what you look for. Believe us, the feeling is mutual. As a line-of-business operations in-charge, an IT leader, or a C-level executive, make sure you celebrate the milestone, recognize everyone who made the project successful, and identify your additional digital needs.
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