The likelihood is that your Enterprise Resource Planning (ERP) software isn’t going anywhere. You use it for too many essential processes to migrate away from, but equally it can’t always be left to its own devices either.
A prime example of this is managing procure to pay (P2P) cycles, which when done manually with ERP software alone has its limitations. As such many organisations are looking for solutions that will automate the process in order to drive greater efficiency.
It’s essential that the solution you choose communicates well with your existing ERP solution, and it’s important to ensure that these will integrate seamlessly. Unfortunately, this isn’t always the case, and all too often the time and resource you were hoping to save will quickly dwindle.
Not better off alone…
Although it’s possible to use ERPs for purchasing and accounts payable, those who do so will run into issues. Not only will they face the resource intensive task of manual data entry and filing, they risk falling prey to human error, and unmanaged purchases that may be vulnerable to maverick spending.
Companies using their ERPs alone will find the process highly paper dependent, manual and high-touch. Paper invoices, purchase orders, receipts and other associated paperwork must be processed and filed appropriately, which is all very time consuming.
Paper based processes are also prone to duplication, slowing down operations and threatening compliance. With stricter regulation on data protection approaching all businesses with customers based in the EU, it’s more important than ever to find a better way.
Procure to Pay Automation
A P2P automation solution should alleviate the burden, free accounts teams’ resources for more strategic work, and automatically provide a compliant audit trail for all workflows. Users want rapid implementation, and although work will always need to be done to get up and running, integrating P2P automation with your ERP solution needn’t be daunting.
Palette’s solution works with enterprise and planning software, providing off the shelf connectors for over 50 of the world’s leading ERP solutions, such as Sage200, Microsoft Dynamics AX, NetSuite, SAP and Microsoft Navision. Working closely and harmoniously with your ERP system, it shares data, synchronizing regularly and validating data to ensure it is correct and up to date. Most importantly, with our seamless integration you can be connected and up and running in days rather than months.
Find out more about Palette AP Automation here.