Microsoft Dynamics NAV™ (NAV) is an ERP system delivered as a standard platform with templates that include basic finance functions. However, companies often have more complex business demands and find that the standard NAV configurations do not meet their broader requirements.
As a dedicated procure-to-pay (P2P) system is specifically designed to automate the procurement cycle, its standard configurations facilitate highly complex of rules and multi-entity requirements. These configurations are maintained when the system is upgraded to latest versions; it is not necessary to re-configure the system and, as a result, upgrades are painless.
This white paper details how finance leaders can deploy P2P automation to leverage their NAV investment, outlines various P2P automation-NAV integration methods, and presents results that global companies have achieved including 80% cost reductions.
This white paper summarizes the challenges of managing data and documents in a modern organization, the key features of leading ECM systems, and the benefits that ECM provides, including 100% control and visibility throughout entire document lifecycles.
Organizations are beginning to realize the importance of vendor management, with it amongst the top procurement initiatives for 2021. Those that have already prioritized vendor management, are experiencing a number of improvements in areas that include supply chain efficiency, vendor relations, compliance, and risk reduction.
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.