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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Advanced AI algorithms transform invoices and receipts into comprehensive data sets tailored for accounts payable (AP) systems. Integration modules ensure precise and automated reconciliation of financial data. With the power of Artificial Intelligence, each field is cross-verified instantly, creating a detailed invoice log that bolsters AP automation. Any discrepancies can be swiftly identified before the payables are processed, leading to enhanced accuracy. Reliable data sets, along with trustworthy exception scores, empower team members to make faster, more informed decisions regarding AP management. Comprehensive business intelligence and reporting tools provide greater transparency into the accounts payable workflow. By speeding up the processing of payables, organizations can take advantage of Early Pay Discounts, minimize costs, and enhance cash flow. Additionally, reducing processing fees and unexpected expenses while eliminating errors streamlines the payment process. The entire AP cycle can be automated, from invoice capture and matching to approval and exception management, while delivering essential analytics that help organizations mitigate risks and ensure vendor compliance. This holistic approach not only enhances operational efficiency but also strengthens financial oversight.

Description

LayerNext is an innovative financial operations platform designed specifically for mid-market and enterprise finance teams, leveraging AI to streamline processes. It simplifies tasks such as accounts payable, bank reconciliation, and financial reporting across diverse environments, including cloud, desktop, legacy, and tailored systems. The platform's accounts payable functionalities efficiently handle invoice data by matching it with purchase orders and receipts, facilitating approval routing, and posting verified entries into an ERP system. Additionally, reconciliation agents effectively compare transactions with bank data or uploaded statements, while comprehensive reporting workflows compile financial insights from various connected sources. Users have the flexibility to customize business rules, establish approval chains, set tolerances, and manage exception handling. Human oversight is maintained through structured approval steps and validation checks, with detailed activity records readily accessible for audits. For organizations lacking API capabilities, agents can still function effectively via the application interface. LayerNext is particularly beneficial for organizations that deal with intricate finance workflows, elevated transaction volumes, or operate legacy systems, ultimately enhancing operational efficiency and accuracy in financial management. Its ability to adapt and integrate with various systems makes it a versatile solution for modern finance teams.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Microsoft Dynamics 365 Yes 
QuickBooks Online Yes 
Xero Yes 
Dropbox Yes 
Epicor Eagle No 
FieldServio No 
FreeAgent Yes 
FreshBooks No 
Gmail Yes 
Google Docs Yes 
Google Drive Yes 
Microsoft Excel Yes 
Microsoft Outlook Yes 
NetSuite No 
QuickBooks Online Advanced Yes 
Quicken Yes 
Sage 500 Yes 
Sage Accounting Yes 
Sage Intacct Yes 

Integrations

Microsoft Dynamics 365 Yes 
QuickBooks Online Yes 
Xero Yes 
Dropbox No 
Epicor Eagle Yes 
FieldServio Yes 
FreeAgent No 
FreshBooks Yes 
Gmail No 
Google Docs No 
Google Drive No 
Microsoft Excel No 
Microsoft Outlook No 
NetSuite Yes 
QuickBooks Online Advanced No 
Quicken No 
Sage 500 No 
Sage Accounting No 
Sage Intacct No 

Pricing Details

$107.88 per user per year
Free Trial Yes 
Free Version Yes 

Pricing Details

299
Enterprise pricing includes an implementation fee and a recurring subscription tailored to automation scope and transaction volume.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App No 
Android App Yes 
Windows Yes 
Mac Yes 
Linux Yes 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Itemize

Founded

2012

Country

United States

Website

www.itemize.com

Vendor Details

Company Name

LayerNext Inc.

Founded

2022

Country

United States

Website

www.layernext.ai

Product Features

Expense Report

Approval Process Control Yes 
Invoice Management Yes 
Multi-Currency Yes 
Receipt Management Yes 
Reimbursement Management Yes 
Spend Control Yes 
Time Tracking No 
Workflow Management Yes 

Product Features

Accounts Payable

Approval Process Control Yes 
Bank Reconciliation Yes 
Cash Management No 
Check Writing No 
Duplicate Payment Alert Yes 
Fraud Detection Yes 
General Ledger Entry Yes 
Vendor Management Yes 

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