Making Accounts Payable in Dynamics GP Work Better

How invoicing automation is critical to making end-to-end accounts payable payments work better

There is more to accounts payable than invoice processing, but invoice processing gets a lot of attention because it requires a lot of effort when done manually. But in the last 20 years, and especially the last 10 years, improvements in automation technology have reduced the amount of manual work in the back office. While Microsoft Dynamics GP does offer some Accounts Payable functionality, if you only use GP functionality, your AP process can definitely be improved. If you are working to get more out of your accounts payable operations or if you have chosen the best automation solution, it is important to keep an overview of your accounts payable comprehensive.

4 basic steps

  1. collection
  2. receipt
  3. Processing and paying bills
  4. Reports and Analytics

Review these four steps in detail in a recent article Explain the accounts payable process from start to finish

If you don’t have a clear view of the status of each invoice, you probably don’t feel frustrated at having to keep track of paper bills, sometimes even messaging between multiple people, before you get the answer you need. When you digitize the payment process for your Dynamics GP accounts, you’ll be able to easily look for redundancy and other costly errors.

The right accounts payable automation software will give you direct integration with your GP so you can get the visibility you need without leaving your GP application. Some of the other advantages include:

  • Optimize invoice cycle time and costs
  • Avoid late fees and get early payment discounts
  • Reduce or eliminate missed bills
  • Improve planning and cash flow management
  • Improve relationships with sellers

You may also be interested in this post: How secure are ACH payments?

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