US-based software solutions company Restaurant365 is set to unveil a fully-integrated Accounts Payable (AP) automation solution to assist restaurants.
The AP solution will offer automated invoice capturing, approvals and a payment processing service.
According to the company, the solution completely automates the payment process through a single platform, thereby reducing the need for a manual AP process and third-party systems.
The solution streamlines the capture and entry of AP invoices and credit memos by taking electronic invoices as input. Digital conversion is possible for all paper invoices.
Restaurant owners can introduce customisable rules based on multiple variables to route invoices through a new workflow module. Several levels of approvals can be set up as per an individual restaurant’s requirements.
The platform also allows users to create and send payments for automated delivery, which in turn eliminates the need for manual printing of checks or manual uploads of ACH files.
The platform is compatible with various automated payment options including cheque, automated clearing house (ACH), and virtual card.
Restaurant365 co-founder John Moody said: “We are proud to unveil the best AP automation solution built specifically for restaurants.
“We have solved the problem of separate systems riddled with integration hassles and manual or limited third party payments options. Now, through Restaurant365, true end-to-end AP automation for restaurants is a reality.”
In June this year, the software solutions company upgraded its cloud-based platform with the addition of three new features including inventory and purchase orders, prepping and smart scheduling.