Vendor information, payment terms and line level data is automatically extracted from the paper or electronic invoice, eliminating manual processes and errors.
Automate and digitize your accounts payable process end-to-end.
Uploaded invoices are automatically routed to authorized approvers for verification and payment approval.
Approved invoices can be paid automatically or manually according to vendor specific workflow rules and restrictions.
Authorized payments are automatically paid to your vendors and reconciled with your accounting software.
Money Movement Insights
Learn more about the latest in business payments.
Businesses that automate AP and payments with Payables+ see tangible benefits. They save 70% or more on payment processing costs and receive cash back rewards from credit card payments. Additionally, businesses increase efficiency and get clear visibility into cash flow operations. Payables+ also reduces payment risk with advanced security features like two-factor authentication, two-factor payment verification, payment limits, and integration with your bank to eliminate double data entry.
If you want to…
- Save time with digitized, automated payments and streamlined workflow approvals
- Save 70% or more on payment processing costs with more payment options
- And, control all of your payments in one place, from anywhere
…Payables+ could be the solution for you!
Not all accounts payable software is created equal. Payables+ includes: OCR technology (that extracts vendor information, payment terms and line level data), integration with your accounting system, advanced approval workflows with multi-tiered options, fraud protection, two-factor authentication and segregation of duties. And, it’s important for cash flow visibility to avoid settlement accounts for payments. Finally, the ability to process credit card payments can be a plus.
Implementation typically takes less than an hour and includes product training.
When you email or upload vendor invoices directly into Payables+, we’ll automatically extract the document’s header and line information. No more tedious invoice and line-level data entry. And, all captured invoices are reviewed, bring the accuracy to 99.5%. Payables+ will assign your default coding to invoices, completely eliminating manual invoice entry.
Synchronization, delivered through API, ensures that every data point, every transaction, every approval, every payment - automatically and bi-directionally - syncs with your accounting system and bank.
- Microsoft Dynamics Great Plains
- QuickBooks Desktop
- QuickBooks Online
- Sage Intacct
- Sage 50
- Sage 100
No. Payables+ is flexible, so you maintain your current processes. For example, if you approve invoices before entering them into your accounting software, our solution can too. If you require dual approval on payments above a certain threshold, that works too. With Payables+, we will match your current approval workflows and payment processes.
Just let us know which accounts you’ll be using and provide us with the details during the on-boarding process. Once we configure Payables+ to your business’s needs, you’ll see the available options in the application.
Payables+ is available online via desktop and mobile devices, so you can authorize and make payments anytime, anywhere.
Copyright © 2021 First National Bank of Omaha. All Rights Reserved. 1620 Dodge Street, Omaha, Nebraska, 68197
FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer.