Streamline invoice management, eliminate manual data entry, and strengthen vendor relationships. Automate accounts payable with Rho today.
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Running advertising campaigns on Facebook or TikTok? Create virtual Rho corporate card that can only be spent with those merchants and understand spending in real-time.
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Assign individual Rho corporate cards to specific vendors or categories of company expenses, simplifying your procurement and accounts payable processes.
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Book your flights and pay for team and client meals with Rho corporate cards to specific budgets or teams.
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Give your employees cards with strict spend limits and controls that help them pay for needed materials and office supplies while maintaining expense policy compliance.
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From construction companies to advertising agencies, Rho corporate cards can help track granular spending by client or job code, making budgeting easier.
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Some businesses prefer to limit corporate card access to senior executives or owners.
Rho corporate cards can easily be assigned just to senior level employees.
Running advertising campaigns on Facebook or TikTok? Create virtual Rho corporate card that can only be spent with those merchants and understand spending in real-time.
Assign individual Rho corporate cards to specific vendors or categories of company expenses, simplifying your procurement and accounts payable processes.
Book your flights and pay for team and client meals with Rho corporate cards to specific budgets or teams.
Give your employees cards with strict spend limits and controls that help them pay for needed materials and office supplies while maintaining expense policy compliance.
From construction companies to advertising agencies, Rho corporate cards can help track granular spending by client or job code, making budgeting easier.
Some businesses prefer to limit corporate card access to senior executives or owners.
Rho corporate cards can easily be assigned just to senior level employees.
The AP process is time-consuming, so it’s common for CFOs to hire AP staff on their finance teams. The manual, paper-based tasks of managing invoices can become overwhelming and, depending on transaction fees charged by their business bank, costly for small business owners and startups.
AP automation software can streamline the process – from invoice management to payment and reconciliation – drive cost savings, improve cash flow, and remove time-killing bottlenecks.
The right automation system helps you spend less time on manual data entry, go paperless, and more time on higher-value work – without needing a full-blown AP department.
OCR is “optical character recognition,” a tool that leverages artificial intelligence and machine learning to recognize text within a digital document, such as a scanned paper invoice.
Rho’s OCR functionality is powered by OpenAI. When a Rho customer sends an invoice file to their dedicated Rho AP Inbox, we convert the picture into an electronic file.
After scanning an invoice, Rho then pulls invoice data like vendor and payment details, runs duplicate invoices and duplicate payment checks, executes invoice approval workflow routing, and auto-syncs with ERP systems, creating a corresponding liability with corresponding payment due dates.
Users then easily authorize bill payments, and Rho will track detailed payment processing statuses and automatically mark liabilities as paid in your ERP.
Rho’s accounts payable automation capabilities are free to Rho customers who bank with Rho. While Rho does not charge for ACH or wires, clients may experience fees with international wires charged by receiving institutions not controlled by Rho. Check out our pricing page for more information.
Great question! We wrote an entire guide to the best AP automation software on the market to help answer this question, including how Rho AP automation works.
In summary: Rho integrates banking and AP automation in one platform, helping to mitigate issues commonly caused by AP automation process point-solutions.
Examples include late payments, limited financial visibility, increased risk of human error, time-consuming business processes, problematic vendor relations due to delayed payments, and complex reconciliation process.
Plus, we don’t have platform or transaction fees that many competing AP automation systems on the market charge clients.
We do not currently offer procurement, procure-to-pay, or supply chain management capabilities beyond in-platform vendor management and onboarding tools.
No, not at this time. However, Rho’s electronic invoicing (e-invoicing) automation capabilities include two-way match between invoices and purchase orders.
