Best Advice When Selecting an AP Automation Provider
When an organization embarks on the journey to implement an accounts payable automation solution, the integration approach and the advice of subject matter experts can make or break the initiative. AP automation solutions come in many flavors, and most every solution has a team of experienced product managers behind their respective product. However, there is frequently a gap between the vendor’s knowledge of AP automation and their understanding of the nuances of each customer’s ERP.
AP Automation Should Seamlessly Integrate With Your ERP
The ERP is core to your business. To be successful, an AP automation solution must embrace this relationship and deliver more than a standard, flat file integration. Pre-built, native integration with your ERP offers several benefits to your business and end users. Native integration delivers real-time data exchange and up-to-the-second visibility of financial transactions. Data fields are dynamically mapped and synchronized with your ERP metadata layer. Native integration understands the business rules, routines, and validations of your ERP system, enabling your users to process invoices faster and more accurately. Native integration eliminates costly, time consuming and unstable implementation and customization projects.
Successful Implementations Require More Than Just Software
The best software can only take you so far. Check the resumes when evaluating an AP automation solution. Consultants with deep domain expertise and first-hand experience with your ERP are required for a successful implementation. Niov1’s team has over 100 combined years of financial systems engineering expertise and Oracle product management covering E-Business Suite, JD Edwards, and PeopleSoft. Our Director of Product Management has over 30 years of experience in the AP and Procure to Pay industry as an AP Manager, Purchasing Manager, and Oracle AP implementation specialist. Similarly, our Director of Product Development also has over 30 years of experience developing enterprise solutions and 10 years managing development teams. Your ERP system is too critical to your business operation to entrust to rookies.
Kelsey Ramaley is an Account Manager at Nivo1