WorkSpace’s Digital AP solution integrates with a range of accounting systems, managing all aspects of your payables workflow from the minute you receive the invoice to batch approvals of invoices. This gives your PM team back hours of time they would have spent stamping, coding, and approving invoices.
Digital AP can be used as a stand-alone solution or in conjunction with VendorPay, our digital payment platform. With VendorPay, we close your Accounts Payable loop by digitizing your entire payables workflow from invoice receipt through payment processing, including real time tracking of outstanding payables.
“With WorkSpace’s solution for both accounts payable and vendor payments, our team has quickly benefited from both time and cost savings while reducing our payment timeline from 30-90 days to as short as 2 days. Plus, timely, secure digital payments to vendors eliminates the need to mail paper checks, significantly reducing our exposure to fraud, theft, or cyber-attacks, easing the minds of owners, accounting teams, and property teams alike. It really is a win-win!”
Senior Vice President, Accounting
Lincoln Property Company
It’s time A/P gets a makeover. WorkSpace incorporates all aspects of your payables workflow from approvals flow, batch processing of invoices, and real time tracking of outstanding payables. We’ve automated everywhere we could, freeing up your team to spend time more effectively.
No more journal entries. It’s costly and aggravating to pull report after report from different systems, or process paper checks without universal traceability. Unlike other payment programs, WorkSpace automatically integrates with your accounting system and facilitates simple reconciliations. We’ve put the entire Accounts Payable process in one place.
Our digital process walks you through a few simple steps to securely set up your payments account. Then, our dedicated team sets up the integration to sync with your accounting system. That’s it… you’ll be a digital payments master in no time.
With WorkSpace, you can follow the status of any payable from initial invoice receipt through approvals and payment. A dashboard provides program-wide overviews with the ability to drill down to individual properties, vendors, and invoices. Share what’s needed for all comers, from accountants to CFOs.
At every stage along the way, we’ve built in checks and balances. When it’s crunch time around monthly close or your annual audit, you can rest easy knowing we’ve validated recipients and the transactions themselves. Know the right amount is paid to the right person, every time.
15 minutes could solve your headaches forever.