3 New Year’s Resolutions for Accounts Payable in 2022
1. Get Direct Integration
If your AP process is too complex for Dynamics GP-ready functionality, that doesn’t mean it’s time to switch to a new ERP system. Choosing AP software that you can use directly within your GP ensures you maximize your ROI – paperless support, improved accuracy, speed approvals, and improved access to data insights.
2. Seriously remove or reduce paper
Now with cloud-based applications, AP automation with data capture is available on a monthly subscription basis, which means there is virtually no upfront cost. Once launched, this service will support paperless invoice processing. It is also important to reduce the use of paper checks. Not only are paper checks time consuming, but they are more prone to fraud.
3. Tighter AP fraud prevention
With appropriate AP automation software, it is easy to implement the controls mentioned above to prevent fraud in BEC payments. AP can also help secure your payments against internal and external fraud.
Digitizing back office functions such as accounts payable is a great place to invest for future savings. This is especially true for growing organizations that use Microsoft Dynamics GP. financial managers
- 95.6% Customer and Vendor Relations
- 64.2% manual processing automation
- 53.8% more efficient processes for seller and customers
- 51.6% improved transparency for customers and suppliers
Seamless AP Automation for Microsoft Dynamics GP
If you’re a Microsoft Dynamics GP user, digitizing AP processing should be one of your best New Year’s resolutions for 2022. Fidesic is the go-to AP solution for GP. On top of that, Fidesic offers unparalleled functionality for multi-location payments, and best of all, it works directly within the GP with the tightest integration of any AP solution for Dynamics GP.