Streamline your small business spend with Ripple
Save time, cut costs, empower your teams, and discover new opportunities with our cutting-edge AI features. Available now for early access.
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Automated invoice processing
Say goodbye to manual data entry. Ripple’s AI extracts key information from invoices, automatically categorizing and coding them for faster, more accurate processing.
Enhanced approval workflows
Improve control over your payments with advanced approval routing. Ripple ensures that invoices are reviewed and approved by the right people, minimizing delays and errors.
Seamless payment management
Consolidate all your payment methods into one platform. Ripple supports check, card, ACH, and international wire transfers, making it easy to manage payments to vendors around the globe.
FAQs
What is Ripple AP automation?
Ripple AP automation is a comprehensive accounts payable solution seamlessly integrated into the Ripple platform. It streamlines the entire process of bill management, automating everything from bill entries to approvals and payments, while maintaining robust financial controls to ensure accuracy and compliance.
What payment options are available in Ripple?
Ripple supports multiple payment methods, including ACH, Same-Day ACH, Card, Check, and international wire transfers (in both USD and foreign currencies). This flexibility allows you to manage all your payments directly within the Ripple platform.
How does Ripple handle check payments?
When a bill is approved for payment, Ripple will automatically debit the connected bank account on the scheduled payment date. Ripple then issues a check on your behalf, ensuring timely and accurate payments to your vendors.
How can I extend payment terms on my bills?
With Ripple Flex, you can easily extend payment terms to 30, 60, or 90 days. This feature provides access to interest-free capital, helping you manage cash flow more effectively without worrying about hidden fees or penalties.
Can I set up recurring bills?
Yes, Ripple allows you to easily set up recurring bills directly within the platform. Customize the payment frequency and specify an ending date, and Ripple will automatically handle these routine vendor payments for you, ensuring they are managed efficiently and on time.
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