No more missed invoice payments
Streamline your accounts payable and eliminate costly errors with automation. Effortlessly capture, process, approve, pay, and manage invoices all in one platform
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How account payable works with Monit
Incoming invoices
No more manual data entry
Simplify incoming invoice management by automating tedious tasks like invoice collection and data entry. With a dedicated invoices inbox and mobile upload options, invoices are sent directly to Monit, where OCR technology automatically extracts and populates the data for you — saving you valuable hours
Approval and processing
Better control and visibility
Streamline approvals with our automated processes, ensuring the right people review the right invoices without unnecessary back-and-forth. Real-time invoice tracking keeps you informed of every payment's status — whether awaiting approval or encountering a failed payment, you'll always stay in the loop
Local and multi currency transfer
Cheaper and better
Pay your vendors with local transfers and support multi currency payment at rates more affordable than your traditional banks. Say goodbye to duplicate payments, late fees, and unhappy suppliers
Manage your invoices from start to finish
Better visibility
Easily view and manage all your supplier invoices in one centralized location, accessible anytime, anywhere
Custom approvals
Customize approval workflows to suit your needs. Once an invoice is approved, Monit ensures it gets paid on time
Automated bookkeeping
Integrate your Monit account to your favorite accounting software or ERP system to speed up your close-end book
Transform your accounts payable process
Reduction in manual data entry
Faster invoice processing time
Invoices paid on time
A solution that scales with you
See how our customers are transforming their accounts payable process
Bababos
From 1000 invoices chaos to streamlined efficiency
Challenge
Bababos faced overwhelming challenges managing 1000 invoices per month using traditional approaches, leading to delays and errors in their payment process.
Solution
With Monit, Bababos leverages OCR technology for fast invoice submissions and maintains full control through customizable approval flows, transforming their accounts payable process.
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