The world of manufacturing drives a lot of paperwork into accounts payable departments. In an industry where efficiency is so crucial, many times back office departments still leave much to be desired. Manual data entry is often the culprit of too much wasted time, as well as heart-stopping boredom, but that doesn’t have to be the case. Enterprise content management solutions can revolutionize the way your accounts payable department functions with business process automation, seamless ERP integration, and the ability to manage invoices conveniently from any location.
Spending your hours keying in data not only unnecessarily takes time, but also leads to inaccuracies. ECM applications are able to intelligently extract information from your invoices and take appropriate actions, such as exporting that data to other manufacturing accounting software programs or routing it to other business units. In addition, the accounts payable manager will also receive updates so they always know where in the accounts payable process the invoice is at, and if additional steps need to be taken.
So now you know you can streamline your processes, but how difficult will it be to implement these changes? ERP integrations with SAP, PeopleSoft and Lawson, to name a few, minimize the learning curve and make it easy to make your life easier. You don’t need to leave the applications you are already familiar with to take advantage of what an ECM has to offer. Easily stay organized by accessing invoices, contracts, and receipts from whatever ERP you are currently using.
On that same train of thought, ECMs make it possible to manage accounts payable invoices straight from Microsoft Outlook, or from the location of your choosing with a mobile device. When you can see the status of your invoices from in your office or on the go, you can put your mind at ease and things will stop falling through the cracks.
ECM process automation will assist you in running your accounts payable department smoothly and efficiently. Take the stress out of your invoice process by digitizing and automating your system (and then call your cardiologist and your therapist and tell them you don’t need them anymore).
For more information on accounts payable automation, download our webinar recording below – “Next Steps Toward a Paperless AP Department.”