Control over the information management process is vital for any company. Therefore, when it comes to any automated financial system, the formula to success is straightforward; get your data quickly and easily into a single system where you can access it and manage your entire procurement to payment process in one location.
When a company purchases anything - goods or services - on credit from suppliers or vendors, the Accounts Payable (AP) process is how they get paid. The process is detail-oriented and full of opportunity for errors or delays. Since how well the process is conducted has a significant impact on company operations, many companies are turning to digitalization as a way of minimizing human intervention, one that removes repetitive manual tasks such as paper processing, data extraction, or data entry. The technology by which this is accomplished is referred to as AP automation.
Automating the financial systems streamlines operations, providing better visibility and control over the entire workflow process. A complete or holistic accounts payable automation platform enables automation end-to-end processing, from software that captures and converts invoices into a digital format all the way through to approval and payment. While such a system can be either on-premises or cloud-based, the latter means the ability to access information or approve payment from any mobile device, anytime and from anywhere.
While there are various ways of implementing automation, many companies choose to automate their systems through an Enterprise Resource Planning (ERP) solution. An ERP is a software platform that ties together and centralizes a multitude of business processes as accounting, project management, and supply chain operations and, to these companies, the ERP often becomes indispensable for managing day-to-day operations. Sage 100 is one such platform; an easy, affordable, and customizable ERP software designed for small to medium-sized companies. It offers numerous benefits including:
However, by necessity an ERP is somewhat of a generalist since they work with several different systems and departments. This means that the automated accounting systems they offer might lack some of the advanced purchasing options found in dedicated AP software platforms. Recognizing this, Sage Accounting created a strategic partner program.
Yooz offers top-of-the-line AP automation software that delivers some of the highest automation rates by industry standards combined with a proven ease of use. If your AP team already works with Sage 100 AP automation, adding cloud based Yooz into the mix creates a powerful combination that will help maximize your investment in the Sage 100 system, taking it to an entirely new level of ERP automation and supercharging the finance function. This is due to the seamless integration between the two intelligent platforms, one that ensures a constant, hands-free push and pull of information that make it easier than ever to reduce costs and cycle times.
This means that the two companies are operating as a single new (supercharged) system that makes the entire workflow easy to track, fast to search, and thanks to Yooz's advanced three-way matching process much more secure against errors and fraud. If you are looking to get the most out of your digital transformation - leveraging technology to grow faster, enter new markets, improves resiliency, and just remain competitive - the power combo of Yooz AP automation plus Sage 100 is the AP automation solution to make it happen.
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