Tyler Technologies' AP Automation is designed to eliminate manual tasks in the accounts payable workflow, resulting in significant cost and time savings. By automating vendor payments, organizations can reduce expenses associated with paper checks, postage, and manual processing. The system ensures efficient, secure, and prompt payments to suppliers, simplifies reconciliation, and minimizes manual errors. Additionally, AP Automation reduces fraud risks by eliminating the need to store vendors' bank data on-site and allows for real-time payment processing, enabling vendors to receive payments quickly.

Key Features and Benefits:

• Paperless Workflow: Eliminates physical paperwork from the accounts payable process, leading to cost savings on stamps, paper checks, and employee time previously spent on manual payment processing.
• Streamlined Reconciliation: Allows organizations to instantly view the status of payments and simplifies the reconciliation process, reducing the time and effort required to manage accounts payable.
• Enhanced Payment Security: Reduces fraud and misuse by eliminating the need to store vendors' bank data on-site, ensuring secure handling of sensitive information.
• Real-Time Payment Processing: Enables organizations to process payments in real time, allowing vendors to receive payments quickly and improving vendor relationships.
• Vendor Payment Preferences: Maintains vendors' payment preferences automatically, ensuring that suppliers receive payments in their preferred method without additional administrative effort.