SpendConsole AP Automation Software - Great for your Business and Great for the Environment
SpendConsole - reducing your carbon footprint through smart digital transformation
As an AI-powered Accounts Payable (AP) Automation Software, Spend Console empowers your business to effortlessly manage suppliers, invoices, payments and reconciliations. Not only does AP Automation offer enhanced efficiency and accuracy, but it also makes significant headway towards a greener, more sustainable future.
By transitioning from traditional, paper-intensive processes to streamlined, digital automation, the SpendConsole AP Transformation software enables your businesses to markedly reduce their paper consumption. This not only reduces the demand for trees directly, but also reduces the energy and resources used during paper production, transportation, and disposal. This significantly reduces the associated environmental impact.
In addition, through our proprietary technologies, including our proven AI, we have been able to reduce the processing and approval times for supplier invoices - from days to hours. Over the past three years, our AI has been trained on millions of supplier documents enabling you to automatically process supplier invoices with over 98% accuracy. In addition through our easy integration with all major ERP systems, SpendConsole enables your business to automatically manage reconciliations of supplier invoices against purchase orders and contracts directly held within your ERP system.
By optimising processing workflows, Spend Console reduces your AP teams necessity for prolonged computer and technology usage. Our AI-powered AP transformation software performs tasks swiftly and more accurately, letting the AI do much of the heavy lifting. This leads to reduced operational times and lower energy consumption. This translates to less electricity use, contributing to a significant reduction in your own business’s carbon footprint.
Tax Compliance Software Features
Automated Supplier Compliance when Onboarding
When a new supplier is onboarded automatic compliance checks are carried out with the local registration authorities. For example, in Australia, the SpendConsole platform checks the ABN, ACN numbers and GST registration data, reporting exceptions to internal stakeholders.
Supported by the Australian and New Zealand Taxation Offices
SpendConsole works closely with the ANZ tax offices to ensure you have automatic and accurate confirmation of supplier compliance in real time.
Accurately Calculate Tax, especially cross-border
SpendConsole automatically calculates the correct taxation based on your pre-defined business rules and international tax codes
Automatically Configure Tax codes by commodity and supplier origin
You can define tax codes and percentages by corporate entity, supplier, and commodity with a comprehensive tax code configuration
Real time notification to ensure ongoing supplier compliance
Should your supplier’s status change, key internal stakeholders will automatically be notified in real-time
SpendConsole is an accredited PEPPOL platform
PEPPOL is an international eProcurement framework, which governs standards for procurement documents - such as purchase orders, invoices, credit notes and is the future of international compliance.