For many businesses in Asia, ERP is at the core of the business. Despite this, however, it cannot do everything. The Hackett Group says, “ERPs are not optimized for all the complex activities occurring today, such as matching printed or electronic invoices with supplier master data, purchase orders, shipping, tax and discount data.”
In this Outperformer’s guide to total financial process domination, the Hackett Group investigated specific ways end-to-end procure-to-pay (P2P) automation benefits a company, from better monitoring “the balance of trade with suppliers that are also customers,” gaining financial supply chain visibility into customers with late payment problems and giving treasurers a “single view of cash flow into and out of the organisation.”
- Define your approach to beginning or expanding your automation strategy
- Fit automation into your financial processes and benefits you can expect
If you are working to automate your accounts payables (AP) or have already AP automation in place, this Kofax guide will help you create a full-scale strategy for end-to-end financial process domination in SAP.