AP Processes are Complex. Your Software Shouldn't Be.
How Ascend works to make AP Effortless.
Step 1
We handle the invoices.
Ascend's platform is designed with cutting-edge technology to function seamlessly right from the start, regardless of complex business needs. In just a few days, your invoices can start being automatically captured and processed in Ascend, regardless of their format and without any custom coding. Whether dealing with hundreds, thousands, or even hundreds of thousands of invoices, Ascend efficiently scales to automatically receive and route invoices and related documents.
Step 2
The Technology
Ingested invoices are then processed leveraging a combination of OCR and AI technology to validate, extract, and cross-reference data from both the invoice itself as well as predefined business rules, purchase orders, vendor records, and historical information. Ascend guarantees 97% header recognition rates - results your team can trust.
Invoices that meet the threshold for accuracy are directly processed into your Workday tenant, without having ever been touched by an AP team member. For invoices or suppliers your team knows they want to see, workflows can be easily customized so additional approvals are included before processing.
Step 4
Payment Processing
Invoices that are approved are then queued for payment. Ascend serves as a payment partner for your team, handling supplier payments via ACH, wire transfer, or checks. With a large network of suppliers already on board, no initial implementation or set-up work is necessary to complete your ap workflow with automated payments. This workflow opens the door to realizing rebates, reducing your risk of fraud, and more.
Step 5
Reporting & Analytics
While invoices are being processed and paid in the background, your AP Team can dig into the details that matter with real-time dashboards and reports for monitoring invoice statuses, approval times, spending trends, compliance records, cost savings and more.
