ERP integration, AP automation and the supply chain
Last week, Supply & Demand Chain Executive featured an excellent article on how organizations can leverage enterprise resource planning (ERP) systems to positively affect the efficiency of the supply chain.
Written by Eric Kimberling, an ERP consultant based in Denver, the article outlines reasons ERP must be more effective, differentiates between ERP solutions and shares best practices for selecting and implementing ERP. As Eric states in the article:
"Managing receivables is more important than ever. For most businesses, the next best thing to cash is receivables. Although not directly related to supply chain management, robust financial and receivables management in an ERP system will help better finance inventory investment needs in the long-term..."
While Metafile is not an ERP solution provider, our MetaViewer product integrates with ERP solutions such as Microsoft Dynamics to create true workflow efficiency, achieve true process visibility and promote truly intelligent automation. As the excerpts from the article above illustrate, robust financial management, rooted in process visibility, should be a top priority for companies looking to establish a leaner supply chain.
For more on this topic, read the full article here.
