Having an Enterprise Resource Planning (ERP) system in place can be an important factor in gaining control over your business, allowing you to manage and share key business information across a company using a single integrated system. The area itself doesn't matter, from stock management to customer service to finance an ERP helps companies increase productivity, reduce costs, and improve profits.
However, an ERP system is also a generalist, helping to cover all kinds of operations. This means that although many ERPs already offer some form of an Accounts Payable (AP) module, taking this important function a step further by seamlessly pairing the existing ERP capability with the power offered by dedicated automated finanicial systems? This will deliver a powerful holistic digital experience that offers a long-term competitive advantage.
The reason for this is that a dedicated AP automation platform is laser-focused, giving you complete control over invoice management processing both with respect to associated risks (fraud, disputes, and non-conformities) as well as intrinsic costs related to productivity. When correctly paired with an ERP it will provide additional benefits and advantages that extend the functionality of the ERP accounting system and workflow.
The question is, which AP automation solution will best address your specific needs and maximize your benefits?
Advanced Automation with Your ERP
The same careful research that was done before investing in your chosen ERP should be used when selecting your AP automation platform. Performance, infrastructure security, and achieved automation level are clearly among some of the top factors to consider as well as the solution's longevity and the provider's customer support ability. However, there is one factor in particular to evaluate first, above all the rest: will the solution integrate with your existing ERP system or accounting software.
Having an existing integration can save a huge amount of time when it comes to implementation and functionality. Indeed, it is a prerequisite for ensuring data consistency across your overall information system. And, in the case where your company uses more specific or non-standard accounting software, the ability to easily develop customized connections and other custom features ensures that you never sacrifice the benefits of interoperability.
Rising Above: Yooz and Sage 200cloud take ERP Integration to a New Level
Sage 200cloud is a powerful ERP solution designed for small to medium enterprises (SMEs). Knowing that businesses in this segment can be highly diversified with different needs, Sage offers two versions of Sage 200cloud: Sage 200cloud Standard and Sage 200cloud Professional. Both contain the same basic software and are cloud-based, however the Professional version is available as cloud or on-premises and offers more extensive capabilities. In either case, for the ambitious business - the one targeting continual growth - Sage200 cloud is the perfect ERP solution.
Yet there is one other thing that sets Sage 200cloud accounts payable apart: it offers seamless integration with Yooz, the award-winning Accounts Payable automation solution.
This automatic, seamless integration with your existing ERP system can save a huge amount of time. It is also a prerequisite for fulfilling the need for (paperless) data consistency from purchase to approval across your entire information system and organization, regardless of the transaction.
How Yooz Helps You Automatically Integrate Invoices in Sage 200cloud
The partnership between Yooz and Sage 200cloud is a transparent coexistence, particularly when it comes to exporting data. It allows Yooz to automatically record invoices and export the data directly to Sage 200cloud in addition to providing the following features:
- Sage 200Cloud reference data synchronized in Yooz
- Yooz accounting entries generated in Sage 200Cloud
- Yooz payment orders generated in Sage 200Cloud
- Sage 200Cloud payment status and accounting document numbers updated in Yooz
This level of feature ability saves previous time and improves productivity without requiring any prior configuration. All the typical roadblocks - routine, time consuming, and error-prone manual activities - are eliminated. Instead, there is the capability to deliver real-time reporting throughout the entire invoice process all the way from purchase to payment. This ability to gain end-to-end visibility into any point in the payables process is invaluable to any growing business with an increasing number of suppliers.
Finally, thanks to the cloud, both Yooz and Sage 200cloud are designed to easily have the capability to scale alongside your business. This means that the seamless partnership between the two platforms will continue to support you alongside your entire business journey.