Accounts Payable Automation

Vendor Portal to digitize PO delivery, accept and validate invoices, and automate payouts with optional financing options

Accounts Payable Automation

Vendor Portal to digitize PO delivery, accept and validate invoices, and automate payouts with optional financing options

Accounts Payable Automation

Vendor Portal to digitize PO delivery, accept and validate invoices, and automate payouts with optional financing options

Trusted by top brands

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  • Allow your vendors to upload invoices and supporting digitally signed documents

  • Accept a wide range of multi-format documents, e.g., PO, non-PO, logistics, material/service-based invoices

  • Validate invoices against purchase orders

  • Automate upload of validated invoices to ERP with optional approval
  • Enable your vendors to view purchase orders, invoice submission/ approval status, etc.

  • Enable seamless query management and dispute resolution with supporting documents for audit trail and ticketing support

  • View payment status and download remittance advice via the portal

  • Select payment options e.g. with early payment discounts
  • Facilitate custom workflows for multi-level and multi-department approvals

  • View complete audit trails for better controls and optimization

  • Upfront invoice verifications to reduce manual checks during the process
  • Automate and secure vendor pay-outs as per the invoice due date

  • Enhance control and visibility of your DPO (Days Payments Outstanding)

  • Configure payment options such as dynamic discounting with optional external lenders

  • Reduced admin cost with central vendor master data and actionable dashboards with vendor performance metrics
  • Enable vendors to upload statements and view reconciliation reports

  • Auto-match vendor and corporate statements

  • Prompt action to perform reconciliation






Trusted by 1K+ happy customers

"Our accounts teams are delighted with the time & effort saved, and there are much fewer instances of accounting errors. AlgoriQ has automated every step of the reconciliation process, including identification of commission & deductions, accounting them into respective ledgers, and transferring entries to payables."

"Global PayEX’s AlgoriQ helped us in discovering a new way of doing reconciliation with our channel partners. In just the last two quarters since we implemented the platform, it has already improved efficiency by more than 50% by eliminating the manual tasks."

"Our digital collections went from 22% pre-Covid-19 to 80% in March 2021. We unlocked around €7 million in cashflows over 9-months period by adopting FreePay. We have reduced its day sales outstanding (DSO) or the average time taken to get paid after invoicing by 6 days."

"Global PayEx's fintech-powered solution has fully digitized our workflows, alleviating our treasury team from traditional manual practices to better focus on core strategy planning, to further grow the business."

"We have been using FreePay since 2017 and the improvement and efficiency it has brought in our collections and account receivables management has been remarkable. It has helped deliver electronic invoices to our Channel Partners in real-time, and process payments with all our business terms plugged in."

"FreePay has digitized our invoice presentment, automated payment processing and taken care of our end-to-end customer account reconciliation. Our dealers appreciate the solution for its completeness, ease of use and transparency in doing business."

Frequently Asked Questions

40%+ decrease in invoice processing cost

Automate invoice data extraction, and validation for a touchless experience straight through to ERP, reducing costs from manual intervention and error reduction

50% faster invoicing processing

Validate upfront, prompt timely action, and facilitate workflows across levels and departments to accelerate invoice processing

85% decrease in invoicing errors

Auto-extract invoice data and perform sanity checks upon submission to avoid ingesting incorrect invoicing data minimizing costly mistakes and fraud

Yes. Our solution also supports non-PO-based invoices for small vendors who are not issued PO.

We support multiple validations like matching invoice amount against the PO amount, statutory details mentioned in the invoice, matching the invoice amount against GRN and many other configurable validations.

Yes. You can define different invoicing parties for the PO, allowing other vendors to submit invoices from different vendor codes.

Our solution has a data extraction accuracy of 96%+ for structured invoices (system-generated PDF, digitally signed documents, etc.).

Case Studies

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