TRAILD: Finance Process Automation Software

Finance automation has become a pivotal strategy for organisations aiming to enhance efficiency, accuracy, and security in their financial operations.

Among the leading solutions in this domain is TRAILD, finance process automation software specifically designed to integrate seamlessly with Enterprise Resource Planning (ERP) systems like NetSuite and MYOB Acumatica.

TRAILD is a comprehensive finance automation platform that streamlines and safeguards accounts payable (AP) processes. Founded by business owners who experienced inefficiencies and financial losses in their own operations, TRAILD is designed to address the twin challenges of AP efficiency and financial control. By automating routine tasks and incorporating advanced security measures, TRAILD enables finance teams to focus on strategic activities, thereby enhancing overall productivity.

Finance Processes Automated by TRAILD for NetSuite and Acumatica Users

TRAILD automates several critical finance processes for users of both NetSuite and Acumatica, including:

• Automated Invoice Processing: Eliminates manual data entry by capturing and processing invoices automatically, reducing errors and accelerating the approval cycle.
• 2 & 3-Way PO Matching: Automatically matches invoices to purchase orders and receipts, ensuring accuracy and preventing fraudulent or erroneous payments.
• Streamlined Approval Workflows: Facilitates the creation of customised approval paths, allowing for efficient handling of invoices and payments.
• Supplier Verification and Error Detection: Utilises AI-driven anomaly detection and supplier verification to protect against fraud and mistakes, reviewing every invoice and payment in real-time.
• Executive Payment Review: Provides tools for executive-level oversight of payments, ensuring that high-risk transactions receive appropriate scrutiny.

Benefits of Finance Automation with TRAILD

Implementing TRAILD’s finance automation solutions offers numerous benefits:

• Time and Cost Savings: By automating routine tasks, organisations can significantly reduce the time and labour associated with accounts payable processes. For instance, TRAILD has been reported to save 60% of AP staff’s time on manual work.
• Enhanced Accuracy: Automation minimises the opportunity for human error in data entry and processing, leading to more accurate financial records and reporting.
• Improved Security: TRAILD’s always-on AI anomaly detection and supplier verification add extra layers of protection, safeguarding businesses against fraud, errors, and mistakes.
• Scalability: With swift implementation and seamless integration with existing ERP systems, TRAILD allows businesses to scale their finance operations efficiently without the need for extensive manual processes.
• Strategic Focus: By reducing the workload associated with manual AP tasks, finance teams can redirect their focus toward strategic initiatives that drive business growth.

TRAILD Integration With NetSuite

For organisations leveraging NetSuite ERP, TRAILD offers a tailored integration that transforms the accounts payable process allowing finance teams to spend significantly less time on manual tasks and low-risk payables, redirecting their efforts toward high-risk invoices that require attention.

The seamless connection between TRAILD and NetSuite ensures real-time data synchronization, eliminating the need for manual data entry and reducing the risk of errors.

TRAILD Integration with MYOB Acumatica

MYOB Acumatica users can also leverage TRAILD to automate their accounts payable operations. TRAILD integrates deeply with MYOB Acumatica, providing features such as systematic 3-way matching to purchase orders and receipts, which enhances efficiency and accuracy. The intuitive approval workflows enable users to manage supplier bills by exception, focusing on high-risk invoices that demand scrutiny.