3 New Year's Resolutions for Accounts Payable in 2022
1. Get Direct Integration
If your AP process is too complex for the out-of-the-box functionality of Dynamics GP, it doesn’t mean it’s time to switch to a new ERP system. Choosing AP software that you can use directly inside GP ensures you maximize ROI--support paperless, improve accuracy, speed approvals and improve access to data insights.
2. Eliminate or Seriously 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 you are up and running, this service will support your paperless invoice processing. It's also important reduce your paper check usage. Not only are paper checks more time consuming, they are more vulnerable to fraud.
3. Tighten Up AP Fraud Prevention
With the right AP automation software, it is easy to implement the controls listed above to prevent BEC payments fraud. AP software can also help secure your payments against internal and external fraud.
Digitizing back office functions like accounts payable is a great place to invest for future savings. This is especially true for growing organizations who are using Microsoft Dynamics GP. CFOs
- 95.6% customer and vendor relationships
- 64.2% Automate manual processing
- 53.8% More efficient processes for vendor and customer
- 51.6% Improve transparency for customers and vendors
Seamless AP Automation for Microsoft Dynamics GP
If you are a Microsoft Dynamics GP user, digitizing AP processing should be one of your top New Year's resolutions for 2022. Fidesic is the go-to AP solution for GP. What's more, Fidesic delivers unmatched functionality for multi-location payments, and best of all, it works right inside GP with the tightest integration of any AP solution for Dynamics GP.