What is EZ Cloud?
EZ Cloud offers a cloud-based Accounts Payable (AP) automation platform that assists mid-market and enterprise organizations in transforming their financial operations. It leverages artificial intelligence and machine learning to automate manual AP tasks, thereby increasing efficiency and reducing errors. The system is designed to digitize complex invoice approval workflows, providing businesses with enhanced visibility and control over their accounts payable lifecycle. By streamlining these processes, EZ Cloud helps companies accelerate approvals and payments without altering their existing payment methods.
The platform provides a centralized solution for managing invoices, from touchless data entry and accurate reconciliation to secure cloud document storage with comprehensive audit trails. It integrates seamlessly with various enterprise-grade ERP systems, including Oracle, Workday, and SAP, ensuring smooth data flow and consistency. EZ Cloud also focuses on improving financial decision-making by offering real-time insights and user-specific dashboards, enabling finance teams to monitor key metrics, mitigate bottlenecks, and access accurate reports for better forecasting and compliance.
Features
- Touchless Invoice Entry & Accurate Reconciling: Eliminates the need for manual entry, decreases the likelihood of duplicate entry, and reduces GL coding errors.
- Faster Approvals using In-App Communications: Customizable AP approval workflows, in-app communications channels, and notifications provide more visibility and control, streamlining the approvals process.
- Timely Payments Management: Get payments out on time while gaining a bird’s eye view of what needs to be paid and when, maintaining current payment practices.
- Cloud Document Storage Capabilities: Offers secure cloud storage for invoices with an audit trail within each invoice, making them searchable and secure.
- ERP Integration: Seamlessly integrates with enterprise-grade ERPs, including Oracle, Workday, & SAP.
- Real-time Reporting and Analytics: Access reports complete with invoice information, and utilize user-specific dashboards and metrics for full insights and accurate, updated data.
- Supplier Management Portals: Enhances transparency and communication through customer and supplier portals.
Use Cases
- Automating Invoice Processing: Streamlining the entire invoice lifecycle from receipt to payment using touchless technology.
- Simplifying Invoice Matching: Automatically matching invoices to purchase orders and receipts, reducing manual effort.
- Accelerating Invoice Approvals: Implementing customizable digital workflows for faster review and approval of invoices.
- Enhancing Financial Reporting and Analytics: Unlocking real-time insights into AP data and performance metrics for informed decision-making.
- Improving Supplier Management: Enhancing collaboration and communication with suppliers through dedicated portals.
- Enabling Mobile Access: Managing AP processes and approvals remotely for increased flexibility.
- Centralizing AP Communications: Utilizing in-app channels for efficient communication and issue resolution regarding invoices.
FAQs
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Which ERP systems does EZ Cloud integrate with?
EZ Cloud seamlessly integrates with enterprise-grade ERPs, including Oracle, Workday, and SAP. -
How does EZ Cloud handle payments?
EZ Cloud is payment agnostic. It leverages your current ERP's features, allowing you to maintain your existing payment methods without disruption. -
What security measures does EZ Cloud have?
EZ Cloud is SOC 2 certified, demonstrating a commitment to strong controls for securing sensitive information, preventing data breaches, and maintaining a robust security infrastructure. -
What kind of organizations can benefit from EZ Cloud?
EZ Cloud is designed for mid-market and enterprise organizations looking to automate manual processes, digitize complex invoice approval workflows, and unlock real-time insights. -
How does EZ Cloud improve invoice processing?
EZ Cloud provides touchless invoice entry, accurate reconciling, customizable approval workflows, in-app communications, and cloud document storage to eliminate manual tasks, reduce errors, and speed up approvals.
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