Elevate your Payables function with radically improved insights, controls, and automation for your entire enterprise.
Reduce Invoice Processing Costs by
Achieve Touchless Invoice Approval Rates up to
Gain Cycle Time Improvement by
AI-enabled invoice processing productivity acceleration to enterprise scale
Adapt unstructured invoices into digital standardized formats
Drive policy compliance to directly reduce fraud and risk exposure
Free your AP Resources from redundant and low-value tasks
Straight through approval process for all compliant invoices
Save money through Early Payment Discounts
Reconcile line item allocations across multiple cost centers
Eliminate fraudulent and duplicate payments
Eliminate payments to unapproved or former suppliers
Monitor on-going third-party risk factors
Seamlessly share GL and transaction data with financial systems
Modern JSON Webhooks and REST-API connections
OK-to-Pay notification to ERP or ACH payments directly from Raindrop
Real-time intelligence into all aspects of AP process and productivity
Suppliers enjoy real-time status of payment timing
360 degree views into Spend, Contracts, Supplier Performance and Budgets
Easily Configured Approval Workflows for PO, Goods Receipts, Invoices
Manage PO, non-PO and Recurring Spend Categories
Complete Control to Modify and Update Process Flows in Minutes
Patrick Reymann
Research Director, IDC
“Raindrop’s leadership team of experienced procurement professionals have built a truly disruptive enterprise spend management solution with the end user in mind. Raindrop’s impressive speed to value attainment, ease of use, and intuitive and clean user interface are true differentiators that deserve strong consideration.”
Learn how you can benefit from real-time Actionable Intelligence with Raindrop Analytics.