Enhancing Manufacturing ERP Systems with AP Automation
11/27/2024 by Andy Birkey
Ready to supercharge your ERP with integrated AP Automation? Combining MetaViewer with manufacturing ERP systems like Microsoft Dynamics 365 is essential to enhance operational efficiency and maintain competitiveness for manufacturing enterprises. Manufacturing environments are complex with their multiple and changing supply chains and high transaction volumes. You can gain competitive advantage from a streamlined accounts payable process! Here’s a breakdown of the advantages of integration:
Optimizing Workflow Management
- Centralized Data Access: Integrating MetaViewer with ERP systems like Dynamics 365 provides real-time, centralized access to invoice and payment data. This eliminates the need for manual data entry and reconciliation across disconnected systems.
- End-to-End Visibility: Manufacturing businesses gain complete visibility into their financial processes. From invoice receipt to approval and payment, all steps are tracked and managed effortlessly within a single interface.
- Automation of Routine Tasks: Workflow management is enhanced as repetitive tasks, such as invoice matching, are automated. For instance, MetaViewer can automatically validate invoices against purchase orders and delivery receipts, reducing bottlenecks and freeing up staff for more strategic tasks.
Reducing Processing Time
- Efficient Invoice Handling: Manufacturing companies often handle large volumes of invoices from diverse suppliers. MetaViewer automates invoice capture and data extraction, significantly reducing processing time.
- Faster Approval Cycles: With automated workflows, invoices are routed to the correct approvers without delay. Integration ensures that these workflows align with the manufacturing ERP's hierarchy and rules, speeding up approvals.
- Elimination of Errors: AP automation minimizes manual input, which reduces errors and ensures quicker processing cycles. This is particularly critical in manufacturing, where delayed payments can disrupt production schedules.
Improving Accuracy Across Production and Supply Chain Operations
- Error-Free Financial Data: Accurate invoice processing ensures that financial data within the ERP system remains consistent. This is crucial for maintaining an up-to-date picture of cash flow, budgeting, and procurement planning.
- Improved Supplier Relationships: Timely and accurate payments foster stronger relationships with suppliers, ensuring reliable delivery of raw materials and components necessary for production.
- Enhanced Decision-Making: Real-time integration between MetaViewer and Dynamics 365 provides manufacturing leaders with actionable insights into financial and operational performance. This enables better forecasting, procurement decisions, and resource allocation.
Are you are ready to get the competitive edge with MetaViewer?