AP Automation Solutions Built for Banks & Credit Unions
Reduce errors by automating your process for managing invoices, saving key entries, and tracking approvals.
Automate your use tax tracking with multiple rates per branch and comprehensive reporting
Use multiple payment options and pay vendors via check, AvidPay, direct deposits, or ACH.
Deliver an effortless experience by interfacing GL/DDA transactions to any core banking system.
We support AP Automation Solutions for 1,700 financial institutions.
No one built AP automation solutions with banks and credit unions in mind until we did. Now we’re leading the industry with accounts payable software that allows for strict operational compliance, prioritizes multiple users and companies, and effectively gives financial institutions mission control for maintaining audit and operational efficiency.
- Document imaging for invoice and vendor information
- Invoice allocation module for multiple companies
- Vendor withholding capability
Video Transcript
BankTEL has brought to us a number of good changes prior to implementing the technology. We had signed the contract just before COVID and we were completely paper-based. We had no online imaging of our invoices. We had no electronic payments, even that we were using. It was strictly all the payments were made by check. So opening the door to better technology and streamlining it through the different op payment options has been a really big benefit for us. Well, the benefits to working closely with Jack Henry on this has been tremendous. I mean, the, the migration that we went through from Jack Henry’s accounts payable module to ascend, it literally virtually took a half hour. I mean, just to get the data over and it was accurate. I mean, everything came over. We had the history we have, so we didn’t lose the payments. You know, we knew what vendors had, what payments through each year, or however you wanted to look at it, but we didn’t lose anything. It was probably one of the easiest migrations I’ve had in my career.
There’s a number of solutions that I think the benefits from BankTEL that I think are good. From my standpoint, as a CFO, research has never been easier than using BankTEL for expense variances or anything that’s cleared. You know, you can search it through your general ledger, you can search it through the vendors. I mean, the access to your information is just tremendous and it’s easy for the users of the product and in particular on the employee reimbursement module that we have, I’ve, you know, one of my team members said, you know, I’m the most technologically inefficient person, and they were able to do it the first time. And that was a proof of concept for us. It’s easy. And, and it’s easy to understand and easy to work with. And that’s been the big benefit for me, but having used other systems, this is much, much easier to use than other systems I’ve had in the past.
From my standpoint as a CFO, research has never been easier. Using BankTEL for expense variances or anything that’s cleared, you can search through the GL, through vendors, and the access to your information is just tremendous, and most of all, easy.
Jeff Weldon, CPA, Chief Financial Officer
Customize your solution.
Manage your accounts payable requirements at scale.
Enhance your payment process.
Increase profitability and de-stress your accounting team with the ASCEND Innovative Payments solution that eliminates the need to process printed checks, stuff envelopes, and mail documents.
Streamline your organization.
Have more than one company? No problem. Save on countless manual entries or tickets with an ASCEND feature that allows for an invoice to be paid from one company and the expense split across multiple companies’ GL.
Import invoices flawlessly.
Prepopulate invoices by importing files directly into Accounts Payable using our ASCEND invoice import feature. From there, you can create hundreds of invoices in just a few minutes.
Go multi-company.
ASCEND offers an unlimited number of companies and paying institutions access to one database, giving each company the ability to manage their own set of users and permissions while interfacing with their respective GL.
