Research shows AP/ERP integration is a top priority
Last week, we discussed the emphasis that professionals in a broad range of industries are placing on streamlining their accounts payable (AP) and accounts receivable (AR) processes before AP/AR document management technology is implemented in order to be truly efficient.
Recently, MSDynamicsWorld conducted a survey among 240 Microsoft Dynamics users to gauge the level at which respondents within a broad range of industries are implementing AP and/or ERP technology to manage accounting documents and workflow.
Out of the survey results, two key findings emerged:
- Despite the widespread use AP document management technology in some form among the respondents, processing invoices in a timely manner remains a prominent challenge facing the AP profession among more than 40 percent of respondents.
- In addition, while relatively few respondents are employing AP/ERP technology integration in its entirety, integration is the priority identified as most likely to improve the Microsoft Dynamics experience. Integration of AP document management technology with ERP solutions is identified by nearly half (43.3 percent) of the sample as a priority over the next one to two years (see graphic immediately below).
We've always said empowering true AP/AR efficiency is rooted in intelligent automation, which means information only needs to be keyed once and is updated across the enterprise, whether using our solution or the organization's ERP. These findings show that organizations looking to enhance their AP operations can gain an operational advantage by making intelligent automation - enabled through AP/ERP technology integration - a top priority.
