Is your organisation looking to tap the scalability, flexibility and borderless connectivity that cloud has to offer? One of the first enterprise-wide business functions to benefit from the cloud is accounting riding on the migration of enterprise resource planning (ERP) system from on-prem to the cloud.
Following over two decades of learning, businesses continue to advance from this evolving and maturing technology. One area that finance looks to tap from the cloud is payments.
In practice, the payments component of an ERP cloud migration can be costly and time-consuming. But this doesn’t have to be the case. By utilizing a SaaS-based, multi-tenant solution to access pre-built connectivity and bank format transformation capabilities, companies can considerably simplify and accelerate the project – while also taking the opportunity to harness innovation and increase the overall maturity of their payments processes.
This Kyriba ebook shares insights into key areas to look at during an ERP cloud migration payments project including:
- Fraud detection
- Bank connectivity
- Payment formats
- Agility, scalability and visibility