How Can AP Solutions Be Tailored To Your Dynamics ERP?

How Can AP Solutions Be Tailored To Your Dynamics ERP?

By CFO Tech Outlook | Friday, November 22, 2019

There are different AP automation options available for Dynamics users and how the quality of the Dynamics connector is crucial to achieve high levels of automation. 

FREMONT, CA: If any institutions use Microsoft Dynamics 365 ERP, there are a few options for managing the accounts payable process and vendor invoices as part of or integrated to Microsoft Dynamics.  

Here are a few AP automation options available for Dynamics users:

Avoid customizations of your Dynamics environment 

 In the present progressively cloud-based technology environment, most organizations effectively move away from on-premise (locally installed) or exceptionally customized solutions. The advantages of cloud solutions are numerous, yet perhaps most significant is the way that you get upgrades, and new highlights automatically pushed to your solution, rather than needing to invest in a costly and time-consuming upgrade project. If you select an AP solution that is built-in to your Dynamics environment, you basically take a step backward into a “virtual” on-premise situation. By adding an integrated solution to Dynamics, you are customizing your Dynamics ERP, which in turn will limit the benefits of the cloud. 

Go for a solution that delivers true AP automation 

Several AP solutions claim to offer automation capabilities, but in fact, a very few can provide a genuinely automated – touchless – accounts payable process. If an institution manages a significant volume of the purchase order (PO) based invoices, then you’ll need an advanced invoice matching engine that can automatically match invoice data at detailed line-level to purchase orders, goods receipts, and contracts to enable a fully automated process – all without any user intervention. 

Great user experience will accelerate the invoice management process

Many members of the organization, including casual buyers, approvers, and budget owners, are involved in the invoice management process. Users who are unfamiliar with the interface may perceive it as clunky, which in turn slows down approvals, processing, and ultimately result in late payments to vendors. Users who are unknown with the interface may recognize it as clunky, which in turn slows down approvals, processing, and ultimately result in late payments to dealers.

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