Automation, in business, has become exceedingly vital in recent times. It’s allowing organizations to be smarter with processes, and more efficient in any market. What’s more, with data that’s gathered through machine learning, it’s a capability that’s now giving businesses insight into how to improve the accounts payable (AP) process.
What is an ERP?
An ERP system is a software system that helps organizations automate and manage core business processes, in this case related to accounting.
DOKKA’s smart software understands your AP process, and every document that comes into that system, because the teachable artificial intelligence (AI) is built into the foundation of the software, so it’s always improving.
What are the 4 Benefits of DOKKA’s ERP AP solution?
The main benefits of using DOKKA’s ERP AP automation solution are:
- Easier reconciliation of payments with suppliers
The system automatically records and reconciles payments made to suppliers, making it easier to keep track of what has been paid and when.
- Enhanced supplier relationships
With automated invoice management and improved tracking of payments, businesses can proactively manage their relationships with suppliers. This can lead to improved terms and conditions, as well as early payment discounts.
- Streamlined approval flows
One of the core features of DOKKA is the ability to set up an automated approval sequence, meaning you don’t have to chase around for approvals anymore
- Automated invoice management
The system automatically tracks invoices and payments, making it easier to manage supplier invoices and chase up any late payments.
- Improved tracking of payments and invoices
With an automated system in place, businesses can easily keep track of all their payments and invoices in one central location. This can help with cash flow forecasting and budgeting.
Sick of your AP processes being too slow and decentralized?
DOKKA’S smart artificial intelligence consolidates and then accelerates your business’s data-capturing efforts. By doing so, your accounts payable department essentially becomes the custodian of your bills and invoices, while DOKKA takes care of the tedious grunt work of manual AP processes.
But what does that mean for you and your accounts payable department?
- Time saved
- An increase in productivity
- Enhanced accuracy in data
- Fast data retrieval
- A secure digital archive for financial documents
- Access from anywhere, anytime
- Seamless integration so business-as-usual isn’t interrupted
Are you currently using Netsuite, SAPB1 or Priroity and find that your accounts payable can be streamlined? You can make it better with DOKKA – just fill out this form and we’ll call you right back.