payment solutions

Streamline Your Payment Operations

Smart financial strategies to automate workflows and optimize your business cash position.
Explore innovative services that streamline accounts payable and unlock new value from your working capital.

Accounts Payable Automation

Cash Flow Management

Accounts Payable Automation

Sophic Analytics partners with a global leader in invoice-to-pay automation. We automate, optimize, and monetize the accounts payable process from invoice receipt through payment reconciliation.

Accounts payable professionals spend a staggering 84% of their time bogged down by a seemingly endless list of manual and semi-automated invoice approval processes, studies show.

AP automation can help firms cut labor costs, improve employee productivity, expedite invoice approval, minimize errors, strengthen supplier relationships and take advantage of early payment discount opportunities.
AP automation opens up the opportunity to earn cash-back rebates on payments made via virtual card. Strategic Treasurer’s research finds 43% of best-in-class accounts payable departments regularly look to earn cash-back rebates. It is not uncommon for businesses to earn cash-back rebates on 30% or more of their spending.
Accounts payable processing software automates repetitive tasks such as invoice receipt, data capture and validation, two- and three-way matching, workflow routing and document storage. The technology’s reporting also eliminates the need to create spreadsheets on cash flow and corporate spending.
Automated accounts payable solutions can integrate with an organization’s ERP without a laborious synchronization process or complex data extraction algorithms.

Cash Flow Management

Every business either needs better cash flow, or if they have a strong cash position, can benefit from earning a robust return on the cash they have in the bank. If your business buys or sells on terms, such as Net-30 days, our platform can help collect your accounts receivable faster or earn you a great return on your idle cash.

Vendor Solutions: Vendor Clients (those with Accounts Receivable) can receive early payment on accounts receivable to meet pressing cash needs. Our proprietary system accelerates payment of outstanding invoices in exchange for a small discount.

Buyer Solutions: Buyer Clients (those with Accounts Payable) earn a return in excess of 10% on idle cash at no risk by offering to make vendor payments early. We contact the vendors with open invoices and negotiate early payment in exchange for a discount.