SmartTouch AP

SmartTouch AP is an AP automation solution provided by Ascend Software LLC. According to the vendor, this software is designed to streamline and optimize accounts payable processes for businesses of various sizes. It is commonly used by finance professionals, accounting professionals, procurement professionals, as well as companies in the manufacturing and retail industries.

Key Features

Streamlined Supplier Management: According to the vendor, SmartTouch AP offers a user-friendly, multi-language supplier portal with self-service features. Suppliers are provided with full visibility into their transactions, which the vendor claims can reduce the need for status inquiries.

Touchless Invoice Processing: The vendor states that SmartTouch AP automates the entire invoice processing cycle, from receipt to payment, eliminating manual entry and reducing errors. This automation is said to significantly speed up the invoice processing cycle, improving efficiency.

3-way PO Matching: SmartTouch AP is designed to cross-check invoices against purchase orders and goods receipts, ensuring accuracy and providing safeguards against payment errors and fraud, as per the vendor's claims.

ERP Integration: The vendor claims that SmartTouch AP offers bi-directional integration with Workday APIs, allowing for seamless transmission of fully coded invoices into Workday. Real-time tracking and alerts for processed invoice data are provided, enhancing visibility and control.

Machine Learning: According to the vendor, SmartTouch AP leverages machine learning technology to capture and extract invoice data, identify patterns and anomalies, and predict potential issues. This is intended to improve automation and reduce the need for manual intervention.

Single-Source Multi-Tenant: SmartTouch AP is a scalable and customizable cloud solution that, as per the vendor's claims, securely serves multiple clients. It is designed to accommodate increased invoice processing needs as businesses grow.

Advanced Reporting & Analytics: The vendor states that SmartTouch AP provides real-time insights into total capacity and processing efficiency. With features such as spend categorization and supplier behavior analysis, businesses can gain valuable information for strategic decision-making.

Non-PO Coding: SmartTouch AP is said to automate the coding of non-PO invoices based on predefined rules and historical data, according to the vendor. This reduces manual effort and ensures consistency in coding practices.