ERP applications lie at the heart of financial operations. They manage an organisation’s payment terms, supplier data, policies, Invoice information, and financial data.
Yet many ERP applications are not optimised because the Accounts Payable processes that feed them rely on manual, paper-based processes. As a result, data fed into the ERP is incomplete, incorrect or not timely, processes are inefficient, and decision-makers do not have access to key variables.
The impact of relying on manual, paper-based Accounts Payable processes is especially pronounced in the growing number of shared services centers, where invoice processing is more complex, and businesses are more likely to use multiple ERP applications in an operation, region, or worldwide.
This white paper from the Accounts Payable and Procure-to-Pay Network discusses how shared services organisations can improve the way they capture, validate, route and manage accounts payable data across multiple ERP applications, including:
Download the white paper to learn more.