ERP and AP Automation – Both Have Their Limitations
ERP systems can generally handle some very basic e-invoicing and requisitioning tasks. However, there are many aspects relating to the accounts payable process that ERP cannot handle at all. These include contracts and sourcing, among the others. This limitation becomes even more prominent when the company starts to grow rapidly and managing finances become increasingly more complicated. One way to mitigate this issue is to use an ERP system that is capable of addressing the company’s core financial processes. However, again it will be a big mistake to expect your ERP to do everything for you.
Pairing Boosts Functionality of Both
As your business keeps growing, there comes a point when you may want your ERP system to automate completely. This is the time when you may want to upgrade your ERP system. This time don’t go halfway, instead, embrace an AP Automation solution. Implementing both systems together may take a good deal of time and planning, but having both will help you reap more profits in the long-run. On the other hand, if you implement your ERP solution and AP automation systems separately, it could result in repetition and duplication of work. Why waste your valuable time? You’ll be happy later, as it would help you address loopholes in core financial processes.
AP automation and e-invoicing solution helps boost the functionalities of your ERP system by supplying it with good clean data right from the start. The paring of the two systems thus facilitates the most efficient automated handling of all of your company’s business processes.
Looking to boost your business operations? Contact us here. We offer both AP automation and ERP system for mid-sized to Fortune 500 companies.
Reduced Manual Labor
Your AP department can breathe a little because the software takes care of manual processes like data entry and matching with a Purchase order. You don’t even have to calculate them. Automation rules the accounting system!
Reduced manual labor means fewer chances of error. An automated input minimizes the chances of mistakes and the software can even highlight errors of the suppliers. In case of any deviation from company regulations, you will be informed.
Integrate this software to your accounting process to eliminate costly errors and your company’s precious time. For more information about automated AP, contact us, today!