Four ways shared services organizations benefit from AP automation

Extend the value of ERP investments with automation technologies

ERP applications lie at the heart of financial operations, yet many aren’t optimized because the accounts payable (AP) processes that feed them are manual and paper-based. As a result, data fed into the ERP is incomplete, incorrect or not timely; processes are inefficient; and decision-makers don’t have access to key variables.

 

The impact of relying on manual, paper-based AP processes is especially pronounced in the growing number of shared services centers. It’s here that 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 organizations can improve the way they capture, validate, route and manage AP data across multiple ERP applications, including:

  • Why more AP departments operate as part of a shared services organization
  • The challenges of manually processing invoices in a shared services organization with multiple ERPs
  • How enterprise content management (ECM) solutions address these challenges

Download the white paper to learn more.

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