CommerceVantage™ AP Automation

Automate and control your accounts payable process from presentment through payment. Monitor your accounts payable process through every stage of the invoice lifecycle–from the initial invoice receipt through payment and reconciliation.

Invoice Presentment

Converts all invoice data to a queryable electronic format accessible through a single online system. AP Automation accepts the following invoice formats: paper, email, vendor portal, EDI and flat file.

Approval Workflow

Automates the enforcement of business rules, eliminates error-prone manual process and maximizes employee resources by utilizing:
  • Automatic invoice approval when business rules are met
  • Fewer paper touch points
  • Preset GL coding capabilities
Improves visibility for both buyers and suppliers throughout the invoice lifecycle with:
  • Approval anytime, anywhere via web-based access
  • Expedited discrepancy resolution
  • Electronic access to line item detail
  • End-to-end electronic audit trail

Payment

AP Automation consolidates a single electronic payment to Commerce Bank, simplifying reconciliation. AP Automation provides a variety of vendor payment options such as AP Card, check, ACH and wire.

Module Summary

Full Process
and Payment

Facilitates invoice automation with data detail extraction; supports electronic work flow approval; executes payments via AP Card, ACH, Wire and Check.

Invoice Automation
and Payment

Facilitates invoice automation with data detail extraction; forwards electronic invoice data file to Buyer’s ERP for approval; executes payments via AP Card, ACH, Wire and Check.

Payment Only

Executes payments via AP Card, ACH, Wire and Check

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Additional Services