Automation of financial processes is no longer an optional step for organizations – it is an essential step for high performance. ERP systems, including Microsoft Dynamics AX (AX), enable companies to operate more efficiently. However, even the most advanced ERP systems have limitations that impact day-to-day operations.
Due to the difficulty and cost involved in developing complex rules within AX, financial processes are typically not automated. In fact, finance teams implement manual processes and maintain spreadsheets outside of the system, which leads to inefficiencies and a lack of visibility over the entire process.
This white paper explains how finance leaders can deploy procure-to-pay (P2P) automation to optimize their investment in AX, outlines the various ways in which P2P automation can be integrated with AX, and presents the results that global organizations have achieved in doing so including 100% visibility over finance activities.
This White Paper serves as a guide for finance leaders, examining how automation can resolve the significant challenges of manual AP processes and the value it adds to the retail supply chain.
This whitepaper, written in partnership with Levvel Research, will offer guidance for organizations that are looking to transform their P2P by delineating the soft and hard costs of manual methods and discussing the possible ROI from automation. It will also present steps for securing buy-in for a solution and a roadmap for those on their P2P implementation and optimization journey.