CloudX
CloudX describes itself as an accounting automation software provider founded in 2011 that designs, operates and supports adaptable solutions for accounts payable and accounts receivable. Its flagship product is APSmart, and its products page also lists ARSmart and PRSmart, vendor contract pricing optimization, integrated payables, AR remittance processing, purchase requisition, contract management and a ticketing system.
CloudX: APSmart
Its industry pages include automotive dealerships, and the company has announced integrations with dealership management systems including Dealertrack and PBS. It also describes earning monthly cash rebates through its payment product, PAYSmart.
| Product or service | Function |
|---|---|
| APSmart | Accounts payable invoice, statement and payment automation. |
| PAYSmart | Payments platform with monthly cash rebates. |
| ARSmart | Accounts receivable remittance processing. |
| PRSmart | Purchase requisition automation. |
| Vendor contract pricing optimization | Group purchasing solutions. |
| DMS integrations | Connections to dealership management systems. |
Invoice capture, approval and payment are distinct steps
CloudX describes invoice digitization using OCR combined with human review, followed by approval and posting, then payment. Payment-related cash rebates apply to eligible purchases; they are not a reduction on every invoice. cloudxdpo.com
A dealership evaluating APSmart and PAYSmart should trace a supplier invoice through those separate stages and identify where its DMS receives the posting. This makes a capture problem, an approval delay and a payment-method choice visible as different issues rather than one general automation claim. cloudxdpo.com