Dynamics 365 Business Central – download Integration sheet
Submit your contact details below to receive the Integration sheet “Palette for D365 Business Central”. Palette’s modern solutions for Accounts Payable (AP) and Purchase-to-Pay Automation have been designed for seamless integration to your ERP.
Introduction to Accounts Payable Automation
Accounts Payable (AP) automation is an enterprise software that streamlines supplier invoice processing. For almost any organization, independent of size or industry, an AP solution reduces manual touch points and shorten processing time. Other benefits are elimination of human error due to paper processes, increased visibility of the approval process and better control over the full invoice to payment cycle.
- A great time saver
- Elimination of human error
- Increased visibility and control
Common functions of an AP automation solution
The most common AP automation solutions include functionality such as invoice data capture (also known as OCR or digital invoice scanning), invoice processing, approval workflow, purchase order matching, a system for auditing and archiving, detailed reporting and cost analysis.
> Download our guide to Guide to Invoice OCR & Digital Invoice Capture
Integration to the organization’s ERP
AP automation software has to seamlessly integrate with an organization’s ERP. Data is passed back and forth between the two systems, and invoices are sent to the ERP for payment once they have been approved.
Palette’s solution offers a standard integration to Dynamics 365 Business Central. Today there are connectors between Palette and some 40 different ERPs and Purchasing systems. New connectors are developed every year.
Palette’s AP Automation for D365 Business Central has 3 key benefits:
Reduces the cost of invoice processing and other outdated manual business processes.
A company’s relationship with suppliers is important. An essential aspect of managing that relationship is the timely payment of accounts. Factors such as human error during data entry, lost and duplicate invoices and the unavoidable slowdowns due to processing are avoidable with this technology in place.
Reduces the risk of fraud by providing visibility into the status, approval, and transactions around supplier invoices.
For companies still committed to paper processes there are many moving parts with all of the paperwork and paper processes. It’s is very difficult to track and it’s prone to abuse.
Reduces the time involved in approval cycles and payment times, reducing late payment penalties as well as taking advantage of early payment discounts.
Issuance of payments can be dragged out for weeks when it’s possible to have payments approved in one or two days. Automating the process increases operational efficiency.
One-click approvals via desktop, tablet, or smartphone anytime, anywhere.
Efficient management of supplier invoices reduces costs and creates more time for high-value work in your organization.
Get instant control over invoice status and bottlenecks, resulting in faster approvals and smooth monthly reconciliations.