When your organization uses multiple ERPs, it can certainly be a big inconvenience. You and your managers know it’s frustrating. It takes a lot of time for your employees to enter data manually and every report must be created separately.
AP leaders may pine for the day when supplier invoices digitally flow through their department, without human operator intervention. But at most organizations, that’s a far-off dream.
Businesses have a lot riding on their ERP.
The ERP manages policies, payment terms, supplier data, and financial information. As the financial nerve center of the enterprise, ERPs rely on timely, accurate, and complete AP data.
But the data that most ERPs get from the AP processes that feed them is anything but. Incredibly, many AP automation solutions are only loosely integrated with the ERPs that they provide.