Is Manual AP and Invoice Processing in Microsoft Dynamics Keeping You Up At Night?

You arrive at the office and watch helplessly as your AP processing team tries to avoid an avalanche of paper invoices while simultaneously juggling non-stop vendor service calls. The phones are ringing off the hook and the sound and sight of inefficiency is maddening - no one is happy. You try to move, but can't.

Thankfully you wake up and realize it was just a dream. Wiping the drool from your cheek, you resolve to update your own AP process before it's too late.

This scenario is a familiar recurring nightmare shared by many Accounts Payable Managers, Controllers and CFOs - and for good reason.  Without scalable AP and invoice processing, your business cannot flourish or reach maximum potential.

Too Much To Do

Paper-based AP processing requires significant man-power to keep invoices organized and moving smoothly through the system. The AP process can be tedious and CFOs need to be accessible to the AP operations team - especially during high seasons and times of challenge, including audits and conversions. CFOs who understand the challenges that the staff face are most able to create and sustain successful departments.

A key part of the nightmare described above is the feeling of disorder. In this environment, you're in constant catch up mode. According to Aberdeen Group research, 35% of financial services executives are motivated to automate the accounts payable process because of the inability to reconcile accounts/payments in a timely manner. Take time to map your invoice process and identify potential bottlenecks in the process. For example, are invoices held up during the reconciliation or approval process?

An automated AP solution helps remove many of the bottlenecks ...