If your company has Microsoft Dynamics 365, then there are many alternatives to manage vendor invoices. As D365 is a cloud-based solution, we request that you also look for the same with your AP automation solution. Below we will explain why this is the best option.
We will plunge into the benefits of having a cloud-based accounts payable solution customized to your Dynamics 365 FOEE without further ado:
Save costs with automatic cloud upgrades: Today, more and more organizations are moving away from highly customized solutions because not only does it force you to go for coding support every time there is a change, there is also the painstaking upgrade process. As opposed to a customized solution, you will find that cloud-based solutions have the advantage of upgrades being pushed automatically rather than having to schedule one, which would involve a cost and time factor.
Benefit from more automation: While many AP solutions talk about automation, few can claim to be a touchless experience. With your organization’s increasing volume of PO invoices,you will realize that you need a feature that completes the 3-way match quickly and easily. Because of this feature that would be available in our AP Automation solutions, you can correlate purchase orders, goods receipt, and contracts to invoices making it a largely automated process.
Enhance user experience to make the process more efficient: the vendor invoice process involves many levels of an organization. Many of these users may use D365 for timesheets or approvals only. It is important to make the tool easy to use for approvers as well as the accounts payable team. Thanks to a variety of easy-to-use tools, your approvers will be able to review and approve in a timely fashion. This includes a mobile solution, for quicker approvals when personnel are on the move.
From the above, we are sure that you are now cognizant of the benefits that you can gain from a cloud-based AP solution that is aligned to your ERP. However, there is more to our AP solution than being integrated with D365.
Keep an eye for our next blog to learn more!
Download the accounts payable whitepaper below to get more details on how you can make your AP process more efficient.