Ascend Features
Invoice Management (3)
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Capture
Provide features to capture invoices such as import or scanning
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Supplier Portal
Allow suppliers to submit invoices using an online portal
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Repository
Deliver a central repository of AP documents, such as POs and invoices
Invoice Processing (7)
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Matching
Ability to match AP invoices to POs, contracts, or payments
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Workflows
Include workflows for approvals and invoice processing
Recurring Payments
Automatic and regular transactions made through a secure online platform at predetermined intervals (monthly, quarterly, etc.)
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Approvals
Include workflows for approvals of invoices or payments
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Batch Processing
Process multiple invoices without human intervention
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Consolidation
Allow users to consolidate multiple invoices into one
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Match Invoices
Match invoices with purchases and sales orders, as well as with payments
Analytics (6)
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Due Dates
Track invoices based on due dates to identify overdue payments
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KPIs
Monitor KPIs such as time to process an invoice or erroneous payments
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Due Dates
Track invoices based on due dates to identify overdue payments
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Cashflow
Analyze variations between incoming and outgoing cash
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KPIs
Monitor KPIs such as time to process an invoice or erroneous payments
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Payment Tracking
Track different types of payment such as deposits or partial payments
Integration (7)
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Accounting
Provide integration with accounting and financial management software
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ERP
Deliver integrations with accounting modules of ERP systems
ERP integration
Integrate with existing ERP systems
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Accounting
Provide integration with accounting and financial management software
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Payments
Integrate with payment gateways and enterprise payments software
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ERP
Deliver integrations with accounting modules of ERP systems
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Account Sync
Sync with company accounts to transfer payments for approved invoices
Invoice Generation (3)
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Templates
Provide standard invoice templates that can be customized by users
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Digital Invoices
Ability to convert invoices to digital formats such as PDF
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Recurring Invoices
Automatically generates invoices at pre-defined time intervals
Risk (1)
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Identification
Reduces frequency of errors, identifies risk and improves efficiency
Recovery (1)
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Reporting
Offers reporting to aid in minimizing future lost profits and process breakdown
Audit (2)
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Overpayments
Detects and prevents a wide range of overpayment errors
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Duplicates
Detects and prevents a wide range of duplicate payments
Operating System (3)
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PC Operating System
Supports Microsoft Windows operating system
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Mac Operating System
Supports macOS operating system
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Linux Operating System
Supports Linux operating system
Document Processing (10)
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File Type
Supports a variety of file types (E.g. DOC, XLS, PPT, PDF, JPG, PS, TIFF, etc.)
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Data Extraction
Processes data from unstructured and semistructured data sources
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Mobile Capability
Allows for mobile upload of documents and images
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Intelligent Processing
Provides AI and machine learning tools to accelerate data analysis
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Image Enhancement
Provides image enhancement before processing (E.g. rotation, image cropping, removing noise, enhancing contrast, etc.)
Text Extraction
Process digital photos and/or scans of various document types and extract text from images (JPG, BMP, TIFF, GIF)
Metadata Extraction
Retrieval of embedded metadata that is present within a file
Data Capture and Transfer
Import, collect, and capture data from multiple sources
Batch Processing
Software's ability to perform similar action on multiple similar files simultaneously
Invoice Processing
Creation, processing, verification, and execution of invoices till the payment is made
Platform Additional Functionality (4)
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Integration
Integrates with other applications to support document storage, document management, process automation and/or workflow management
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File Conversion
Supports the conversion of uploaded documents to other file types
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Windows and Mac
Supports operations on both Windows and Mac
Document Conversion
Convert documents and images into editable file formats
Agentic AI - OCR (1)
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Agentic AI - Invoice Management (3)
Cross-system Integration
Works across multiple software systems or databases
Adaptive Learning
Improves performance based on feedback and experience
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Agentic AI - AP Automation (3)
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Decision Making
Makes informed choices based on available data and objectives
Additional Functionality (73)
Data Import/Export
Import and export data to and from software applications
Invoice Management
Captures invoice data and maintains comprehensive records for auditing and reporting purposes
Online Banking
Ability to manage transactions online with a mobile device or computer.
1099 Preparation
Generate, file and review 1099 tax forms for IRS (Internal Revenue Service)
Generative AI
Use AI to generate content in the form of text, images, videos, etc.
Receipt Management
Upload, track, and submit receipts in a central database
AI Copilot
A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users
Fraud Detection
Identify and prevent suspicious activity
Duplicate Payment Alert
Receive an automatic notification when the exact same payment is about to be initiated for the second time
Document Management
Store, manage, and track all electronic documents in a centralized location
Compliance Management
Track and manage adherence to policies for any service, product, process, or supplier
Inventory Management
Track and manage inventory levels to maintain proper supply
Check Writing
Issue payments to third parties via checks
Mobile Access
Access software remotely via mobile devices
Audit Trail
A record of all activities within the system, including user access, changes made, etc.
Reporting/Analytics
View and track pertinent metrics to find patterns and gain insights from data
Multi-Currency
Manage and handle various international currencies
Status Tracking
Track the status over time for a request, process, asset, or transaction
Activity Dashboard
Dashboard to view the status of ongoing processes, identify current incidents and track past activities
Cash Management
Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances
Alerts/Notifications
Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges
Billing & Invoicing
Create, manage, and send invoices or bills to customers
Vendor Management
Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc.
Anomaly Detection
Automatically identify unusual behavior
API
Application programming interface that allows for integration with other systems/databases
ACH Payment Processing
Accept electronic bank-to-bank transfers using a network called the Automated Clearing House (ACH)
Invoice Processing
Creation, processing, verification, and execution of invoices till the payment is made
Aging Tracking
Categorizes outstanding invoices based on the amount of time they have remained unpaid
Supplier Management
Manage all supplier data and operations
General Ledger
Centralized accounting record which tracks all financial transactions
Expense Tracking
Monitor and record expenses such as purchases or charges incurred
Bank Reconciliation
Compare and match accounting/financial records with corresponding bank statements
Workflow Management
Create, design and manage workflows for repetitive tasks
Customizable Reports
Alter the layout and content of reports
Approval Process Control
Manage the process of evaluating documents or requests submitted for approval
Electronic Funds Transfer
Transfer money electronically between two bank accounts
Purchase Order Reconciliation
Aligns purchase orders with incoming invoices and receiving reports
Financial Management
Plan, manage, and track the financial activities of an individual or organization
Workflow Automation
Streamlining repetitive tasks and activities through automated and predefined workflows
Workflow Management
Create, design and manage workflows for repetitive tasks
Offline Access
Ability of websites, web applications, or mobile applications to function without an active internet connection
Content Scan
Scan written content within documents, files, or websites
Collaboration Tools
Provides a channel for team members to share media files, communicate, and work together
Annotations
Highlight content and/or make notations about parts of content
Electronic Signature
Digitally sign online documents
File Transfer
Move files across different systems or networks
Role-Based Permissions
Set & manage permission levels based on user roles and restrict access to only authorized individuals
Document Review
Review and analyze existing information across documents
Document Storage
Store and organize documents in a centralized system
Generative AI
Use AI to generate content in the form of text, images, videos, etc.
Search/Filter
Search and filter data across systems to locate required information by entering keywords or certain criteria
Text Editing
Edit text as needed
Data Verification
Process of checking different types of data for accuracy to avoid errors or inconsistencies
Drag & Drop
Assemble applications and processes by dragging over and arranging pre-built components
AI Copilot
A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users
Document Editing
Makes changes to document features such as text, fonts, formatting, etc.
Document Automation
Automated or logic-based workflows that assist in the creation of electronic documents
Reporting/Analytics
View and track pertinent metrics to find patterns and gain insights from data
Document Imaging
Convert paper files into digital images
Full Text Search
Search for specific words or phrases within a document or database
Multiple Output Formats
Create content in various formats, such as print, PDF, HTML and more
Secure Data Storage
Securely stores data to prevent data loss or breaches
Convert to PDF
Create, edit, convert to and from PDF files
Data Import/Export
Import and export data to and from software applications
ID Scanning
Scan and validate an ID barcode
Zone Selection Tool
Selects specific portions of images, files, texts, websites or documents
Language Detection
Identify different languages
Document Management
Store, manage, and track all electronic documents in a centralized location
API
Application programming interface that allows for integration with other systems/databases
Audit Trail
A record of all activities within the system, including user access, changes made, etc.
Access Controls/Permissions
Define levels of authorization for access to specific files or systems
File Sharing
Public or private sharing of digital files such as documents, audio/video, images, and more
Indexing
Compile and organize data into specific metrics
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