Monit Logo

Account Payable

No more missed invoice payments

Evermos
Wagely
Nanovest
Torch
Zap
Astro
Rey
Kami
NTT Data
Agrinesia
Benang Jarum
Button Scarves
Evermos
Wagely
Nanovest
Torch
Zap
Astro
Rey
Kami
NTT Data
Agrinesia
Benang Jarum
Button Scarves

How account payable works with Monit

Step 1

Incoming invoices

No more manual data entry

Simplify incoming invoice management by automating tedious tasks like invoice collection and data entry. Invoices flow in automatically from your accounting software, or via dedicated inbox and mobile upload — where OCR extracts and populates all fields for you.

Pull from accounting software

Automatically sync bills from Xero, QuickBooks, SAP, and other connected tools — no copy-pasting required.

Xero

Connected to Xero

Last synced 2 min ago

Active
12 bills pulledready to review

INV-XRO-0089

PT Maju Bersama

IDR 2,840,000

INV-XRO-0088

Tokopedia Ads

IDR 1,200,000

INV-XRO-0087

Google Workspace

IDR 650,000

INV-XRO-0086

AWS Services

IDR 4,100,000

+ 8 more bills

Upload & scan invoices

Send invoices via email or upload directly — OCR reads every field and populates the form instantly.

invoice_maju_bersama.pdf

Uploaded via email inbox

Scanned

AI extracted fields

Vendor

PT Maju Bersama

Invoice No.

INV-2026-0421

Amount

IDR 2,840,000

Due Date

Jun 30, 2026

Ready to review — no manual entry needed

Step 2

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

PT Maju Bersama · INV-2026-0421

Requested by Dwight Schrute

IDR 2,840,000

Approval flow

SR

Siti Rahayu

Finance Manager

Approved · 09:14 AM

BS

Budi Santoso

Direct Manager

Approved · 11:02 AM

AF

Ahmad Fauzi

CFO

Waiting for approval…

Step 3

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

Payment details

You send

IDR 15,000,000

🇮🇩 IDR

Vendor receives

USD 932.00

🇺🇸 USD
Exchange rate1 USD = IDR 16,093
Transfer feeIDR 15,000 IDR 250,000
Arrival1–2 business days

Saving IDR 235,000 vs. traditional bank

Manage your invoices from start to finish

Better visibility

Better visibility

Easily view and manage all your supplier invoices in one centralized location, accessible anytime, anywhere

Custom approvals

Custom approvals

Customize approval workflows to suit your needs. Once an invoice is approved, Monit ensures it gets paid on time

Automated bookkeeping

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

80%

Reduction in manual data entry

5 days

Faster invoice processing time

95%

Invoices paid on time

A solution that scales with you

See how our customers are transforming their accounts payable process

Bababos

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.