Accounting departments are in love, and they’re not afraid to shout it from the rooftops. AP automation is changing their lives for the better. This is a relationship that will endure.
“By the time I talk to customers, they can’t wait to get their systems automatically talking to each. They know that if their systems could integrate well, not only would they see substantial cost savings, but they would have a more holistic picture of the business,” said J Henry, Director of Integrations at Nexus Systems."
Accounts payable automation was a hot topic among IT professionals in the expo hall and in the educational sessions at last week’s Collaborate17 event for the Oracle enterprise resource planning (ERP) community.
“Time flies,” as the old expression goes.
This can be true for accounts pyable operations… if the workflows are automated. For those that rely on manual processes to approve invoices and resolve exceptions, time tends to stand still.
“My management people love it! They like the tracking. They like to be able to see who’s approved it. They like the speed and efficiency of it as well… Nexus is a really great asset to the company.” – Amy Crosby, Accounting Manager, Commerce Real Estate Solution ]
Automating procure-to-pay workflows accelerates cycle times, reduces late-payment penalties, creates more opportunities for early-payment discounts, and strengthens supplier relationships.
At least in theory.