Introduction

Welcome to Payvy's documentation! Payvy is a modern platform designed to streamline and automate your accounts payable and receivable processes. Our mission is to simplify financial workflows, reduce manual errors, and improve cash flow management for businesses of all sizes.

What is Payvy?

Payvy offers a comprehensive suite of tools to manage your financial transactions efficiently:

• Automated Invoice Processing: Utilize advanced OCR technology to capture invoice data accurately, reducing manual data entry.
• Efficient Payment Processing: Handle payments seamlessly through the Payvy app, supporting multiple payment methods.
• Receivables Management: Track and manage incoming payments to ensure timely collections.
• Custom Approval Workflows: Set up approval hierarchies to match your organization's policies and ensure compliance.
• Real-Time Reporting and Analytics: Gain insights into your financial operations with comprehensive dashboards.
• Integration with Accounting Systems: Easily connect Payvy with your existing accounting software for synchronized data.

Getting Started

To begin using Payvy, follow these simple steps:

1. Sign Up: Create an account on Payvy's website.
2. Set Up Your Profile: Enter your company details, including banking information and user permissions.
3. Integrate Systems: Connect Payvy with your accounting software (e.g., QuickBooks, Xero) for seamless data flow.
4. Configure Workflows: Customize your approval processes and notification settings.
5. Add Vendors and Customers: Import or manually add your vendors and customers to the platform.
6. Start Transacting: Begin processing invoices and payments through the Payvy app.

Key Features

Accounts Payable

• Invoice Capture: Upload invoices via email, drag-and-drop, or mobile app.
• Data Extraction: Automatic extraction of invoice details using OCR.
• Approval Workflows: Multi-level approvals based on amount thresholds or departments.
• Payment Scheduling: Schedule payments to optimize cash flow, all within the app.

Accounts Receivable

• Invoice Creation: Generate professional invoices to send to your customers.
• Payment Tracking: Monitor the status of outgoing invoices and received payments.
• Automated Reminders: Set up reminders for overdue payments to improve collections.

Reporting and Analytics

• Dashboard Overview: Real-time visibility into payables and receivables.
• Custom Reports: Generate reports on spending, vendor performance, and more.
• Export Data: Export financial data in various formats for further analysis.

Thank you for choosing Payvy to manage your accounts payable and receivable processes. We're dedicated to providing the tools and support you need to optimize your financial operations. If you have any questions or need assistance, please don't hesitate to reach out.

Happy transacting!

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