Pricing suited for all sizes of businesses

AP automation provides an immense return on investment by streamlining your invoice approval processing. Automated invoice processing lowers invoice processing costs by allowing your team to process more invoices in less time while reducing errors caused by redundant data entry. Additionally, faster invoice processing allows companies to take advantage of prompt payment discounts from their vendors and suppliers.

"Documents" include invoices and invoice support documents. Typically, it is an identifiable document that contains an identification number and is shared between you and your vendors. Examples of "documents" would be invoices, work orders, field tickets, job orders, purchase orders, bills of lading and delivery tickets.

A pricelist refers to a set of vendor prices that have been approved by the buyer. Vendor quotations, for example, would be converted into an approved pricelist of time, material, services or expense items that the vendor would be required to draw from when preparing invoice support documents or invoices. This assists the buyer at the invoice approval stage such that only actual quantities need to be verified.

The free trial period lasts for 30 days beginning on the day the account is activated.

There is no cost associated with onboarding vendors. Simply send a link to your vendors and suppliers and they are able to onboard themselves with ease.

Vendors and suppliers will pay $20/month (10 included documents at $2 per document).

There are numerous reasons companies should avoid OCR solutions for invoice processing. These include:

• OCR has approximately an 80% accuracy rate, meaning all invoices still need to be reviewed for errors.
• The iQ full digital method begins with digital activity records generated at the job site. A full digital connection between client and vendor is captured at the point of sale.
• OCR processing requires a lot of electrical energy meaning higher carbon emissions.
• OCR processing doesn't improve business processes, it actually enables poor practices.