ERP and AP Automation
The Value of Your ERP System
Sustainability, efficiency and visibility — these are just a few of the positive results businesses that successfully use enterprise resource planning (ERP) systems can achieve. With the right automated ERP system, a previously disorganized enterprise . Your company can fully comprehend how everything from its accounting processes and human resources practices to its supply chain and customer relationship management contributes value to the company.
Of course, you can’t create value simply by installing a new software package. Any ERP system that effectively helps a company discover areas of waste, streamline its processes and implement change can only do so because a talented workforce invests the effort to generate, gather and input required data. From HR managers to accountants, everyone must support your ERP system by providing it with what it needs.
An important byproduct of this relationship is that your ERP system helps define your employees’ roles by clearly delineating what it needs from each staff member. This motivates workers to communicate effectively with your ERP — plus, it also often results in better communications within departments and across the enterprise.
ERP and AP Automation Software: Get the Most Out of Your ERP
A growing number of companies, recognizing the potential of ERP systems, are trying them on for size. However, Gartner reports the following sobering statistic: 75 percent of ERP projects eventually fail due in large part to confusion and frustration surrounding implementation, as well as budgeting concerns. Research shows that while companies typically spend approximately four months looking into potential ERP systems, only about one-quarter of those that implement one are pleased with the results.
What’s also interesting to note is that the appropriate budgeting of time to input the required data for the ERP’s successful operation is as frequently mentioned as a key factor as any financial planning issues. This is supported by the Institute of Finance and Management, which found that ERP integration is most successful when coupled with automation software that helps eliminate manual processes that fall outside the actual ERP system but still need the input of data to work.
This is where Vanguard Systems’ integrated accounts payable system — which supports a fully automated AP workflow, from invoice data extraction to routing invoices for approval — can help you get the most out of your ERP. With the elimination of time-consuming manual tasks that can be fraught with human error, your employees feel more supported. Moreover, your ERP system becomes more useful, as it automatically receives the data it needs to give you and your organization the results you’re looking for.
With Vanguard Systems — where the V stands for vigilance — the benefits of AP automation software range from it being a bolt-on solution designed to work with your existing ERP to its ability to strategically enhance the security and compliance of your financial data. In addition, it automatically performs two-way and three-way matches, captures early pay discounts and maximizes the overall productivity of your AP department. As a result, the increased efficiency of your ERP system starts as soon as your current ERP and Vanguard Systems’ AP automation software begin working together.
Seamless Integration for Any ERP
Getting the most out of your ERP system means supporting it with the type of automation software that will work seamlessly with it from day one. At Vanguard Systems, we’re uniquely aware of this fact, which is why our AP integration runs so smoothly with all ERP systems in use today. Through our total solution approach and ongoing partnerships with Microsoft, IBM, Citrix and other leaders in technology, we’ve created AP automation software that’s truly universal.
With Vanguard Systems, you get an automation platform that’s purposely designed to be an application-agnostic solution, so it really doesn’t matter which ERP system you have — our software can work with it. In addition, our system of AP automation works across every industry — from finance and insurance to manufacturing and health care.
See How Vanguard Systems Software Works Today
The best way to see how Vanguard Systems software works to protect and maximize the efficiency of your business is to see it in action for yourself. We want every business to be able to benefit from our services, so we’re happy to offer a free, no-risk, no-obligation demonstration of what we can do. To schedule your demo or discuss any of our software applications, call 800-445-1418 or contact us online now.