Payhawk Accounts Payable
Automate accounts payable workflows and vendor management for streamlined finance.
Executive Summary
Payhawk Accounts Payable is a core component of Payhawk's comprehensive finance orchestration solution, designed to automate and streamline accounts payable workflows. It empowers businesses to manage vendor invoices, payments, and related processes efficiently, reducing manual effort and improving accuracy. The solution integrates seamlessly with existing financial systems to provide a unified view of spend. Key capabilities include automatic data extraction and reconciliation from invoices in over 60 languages, ensuring global applicability and reducing data entry errors. It offers robust vendor management features and allows for the definition of custom, multi-step approval workflows, providing granular control over spending and ensuring compliance with internal policies. By automating routine AP tasks, Payhawk enables finance teams to focus on strategic initiatives rather than transactional processing. It enhances financial control, provides real-time visibility into liabilities, and helps businesses maintain compliance with financial regulations through its secure and certified platform.
Use Cases
- Automating invoice processing and data extraction from various languages.
- Streamlining vendor payments and managing vendor information.
- Customizing multi-step approval workflows for spend control.
- Ensuring compliance with financial policies and regulations.
- Integrating AP data with ERP and accounting systems for real-time insights.
Features
Visibility
- Real-time Transaction Monitoring: Monitor all accounts payable transactions in real-time for enhanced control and security.
- AP Overview Dashboard: Gain a centralized view of all accounts payable activities, statuses, and pending approvals.
Intelligence
- Automated Invoice Data Extraction: Automatically extract and reconcile data from invoices in over 60 languages using AI.
- Automated Expense Categorization: Automatically categorize expenses to streamline accounting and reporting.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Odoo
- Microsoft Dynamics 365 Business Central
Security & Compliance
Certifications: PCI DSS, ISO 27001, SOC 2 Type 2, GDPR
Encryption: Encrypts financial data to ensure security and privacy.
Pricing
- Target Customer
- Mid-Market,Enterprise
About Payhawk
Payhawk is an AI-native spend management platform that unifies corporate cards, expense management, invoice processing, and global payments into a single solution. It empowers finance teams to automate workflows, control spending, and gain real-time visibility across multiple entities and currencies.