Centime Accounts Payable (AP) Automation FAQs

What is Centime AP automation?

Centime’s AP automation platform digitizes and streamlines the automated AP process, from invoice capture and approvals to payments and reconciliation. It automates manual tasks, reduces errors, and provides real-time visibility into your cash flow.

How does Centime’s AP automation software work?

Centime integrates with your accounting system to automatically capture, categorize, and code invoice data. Once invoices are approved, they are posted directly into your ERP system. This streamlined workflow enables 3–5× faster invoice approvals and up to 90% reduction in manual data entry, improving both speed and accuracy.

What are the benefits of Centime’s AP automation?

With Centime, you can optimize your AP process by reducing manual work, cutting down on errors, improving vendor relationships, and optimizing cash flow. The platform also enhances financial visibility, enabling better decision-making,while delivering measurable ROI such as 60–80% cost savings and faster processing cycles.

How long does it take to implement Centime AP automation?

Centime's implementation timeline is flexible, but most businesses can go live within 4–6 weeks. With rapid onboarding, companies can start realizing ROI quickly, including faster approvals and reduced processing costs within the first few months.

How does AP automation reduce invoice processing costs?

Centime eliminates manual data entry, accelerates approvals, and reduces errors, leading to lower invoice processing costs. Automated workflows reduce delays and help avoid late fees,resulting in up to 60–80% cost savings and 3–5× faster processing times.

What ROI can businesses expect from AP automation?

Businesses using AP automation software typically see:

• 60–80% reduction in invoice processing costs
• 3–5x faster invoice approval cycles
• Up to 90% reduction in manual data entry
• Fewer late payment penalties and improved vendor relationships

What payment methods does Centime support?

Centime supports multiple payment methods, including checks, ACH, and virtual cards. Virtual cards come with the added benefit of cash-back rebates, turning routine payments into opportunities for savings.

Can Centime handle multi-currency payments?

Yes, Centime supports payments in multiple currencies, such as USD, EUR, CHF, and GBP. Our platform ensures seamless foreign exchange (FX) transactions and compliance with global financial standards.

Does Centime integrate with NetSuite?

Yes, Centime offers deep integration with NetSuite, as well as Sage Intacct and QuickBooks Online. This integration ensures seamless data synchronization, automatic invoice posting, and enhanced AP automation functionalities such as 2- and 3-way matching.

How does 2- and 3-way matching work with Centime and NetSuite?

Centime automates both 2-way and 3-way matching by cross-referencing purchase orders, invoices, and receipts within NetSuite. This process reduces discrepancies and ensures that payments are only made for received goods and services.

How does Centime handle invoice approvals?

Centime offers customizable, multi-step approval workflows for both invoices and payments. This flexible system ensures that transactions go through the necessary levels of review, tailored to your organization's needs.

Does Centime support multi-language invoice processing?

Yes, Centime supports multi-language invoices, allowing for seamless processing and management of invoices in various languages, ideal for global businesses.

How does Centime manage invoice storage?

Centime provides secure, unlimited cloud-based storage for all invoices. The system automatically syncs with your ERP (e.g., NetSuite), ensuring all data is stored and accessible in both systems for accurate reporting.

Can Centime handle multiple vendors in one payment?

Yes, Centime efficiently processes payments by breaking them down by vendor. Each vendor is paid individually, ensuring smooth processing even when dealing with multiple suppliers.

How does Centime auto-code invoices and G/L accounts?

Centime learns from past invoice coding and automatically suggests G/L accounts. This reduces manual intervention and contributes to up to 90% reduction in data entry effort.

How soon can Centime begin implementation?

Centime can begin implementation right away, with the onboarding process typically completed within 7-21 days. Our quick GL sync and dedicated support team ensure minimal disruption to your business.

Can Centime sync vendor information with NetSuite?

Yes, vendor data can be synced between Centime and NetSuite, ensuring that all records are consistently updated across both systems without the need for manual input.

How are invoices migrated to NetSuite?

Invoices are automatically posted to NetSuite from Centime, reducing the risk of errors and streamlining your automated AP process.

How does Centime handle data security and privacy?

Centime uses bank-level security measures, including PCI SAQ A and SOC 1 certifications, to ensure your data is secure. All data is encrypted in transit and at rest, meeting the highest industry standards.

Does Centime capture VAT during AP invoice capture?

Yes, Centime captures VAT during invoice processing, ensuring that VAT is recorded as a separate line item for precise accounting and compliance.