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What is Shreemon Account Payable?

A digital invoice approval system is vital for creating a paperless office environment, acting as an automated solution for accounts payable functions. This system enables the seamless integration of supplier documents, including price updates, order confirmations, shipping notifications, bills of lading, packing lists, and invoices, as electronic data, assuming the supplier has adopted electronic communication methods. For suppliers who still rely on paper or fax, the system captures, digitizes, categorizes, and securely stores these documents in a web-based repository, allowing for straightforward access and continuous processing. The accounts payable department is essential in overseeing and evaluating these transactions to guarantee that all pending invoices are approved, processed, and paid without delay. This oversight can pose several challenges, such as human errors during data entry, lost invoices, delayed payments, duplicate invoices, and the possibility of making double payments. By integrating an electronic system, organizations can greatly improve operational efficiency and decrease the chances of encountering such issues. Furthermore, a streamlined accounts payable process not only enhances departmental performance but also fosters stronger relationships with suppliers by ensuring payments are made accurately and on time, ultimately contributing to the overall financial health of the organization. In this way, investing in modern technology for invoice management can lead to significant long-term benefits.

What is DataVance DVAP?

DVAP serves as a specialized REST API aimed at streamlining invoice processing, enabling users to send a multipart POST request containing validated JSON and receive detailed outputs, including confidence scores for various fields, totals, dates, vendor details, and ABN, along with a thorough fraud risk assessment complete with specified justifications. Moreover, the API incorporates features such as duplicate fingerprinting and results for 2- or 3-way purchase order matches based on the provided lines, promoting seamless integration without the necessity for an SDK or complicated webhook configurations, as it simplifies authentication to a single API key. In contrast to numerous services that merely assert their accuracy, DVAP delivers quantifiable data via a public metrics endpoint, displaying a benchmark table that reveals an outstanding 99% accuracy for totals, a perfect 100% for invoice dates, and an 87% straight-through processing rate, with a median processing time of just 8.4 seconds. Users can benefit from clear quotas and rate limits, accompanied by well-defined, typed error messages that enhance the user experience. Actively developed and maintained by its founder, the API includes a changelog and a service-level agreement (SLA) that ensures adherence to performance standards. For those interested in exploring its capabilities, a free tier is accessible on RapidAPI, alongside various volume plans tailored to the number of documents processed each month, providing a versatile solution for businesses in search of efficient invoice automation. Additionally, the ability to easily monitor usage and performance metrics adds further appeal to potential users looking to optimize their invoice processing workflows.

Media

Media

No images available

Integrations Supported

SAP ERP

Integrations Supported

SAP ERP

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

$0
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ShreeMon

Date Founded

2014

Company Location

United States

Company Website

shreemon.com/Product/Account-Payble-Software

Company Facts

Organization Name

DataVance

Date Founded

2026

Company Location

Australia

Company Website

datavance.com.au

Categories and Features

Accounts Payable

Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

Categories and Features

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