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The Benefits of Microsoft Dynamics GP and Accounts Payable Automation

Written by John Peace on Feb 22, 2018 3:15:22 PM

Microsoft Dynamics GP and Accounts Payable Automation

As a Microsoft Dynamics GP consulting firm, we help our clients implement the right technology to streamline operations and improve productivity. One common pain point in the accounts payable area is the complex workflows, tracking, approvals, and paperwork involved with managing the accounts payable approval process. Automating accounts payable is one area where there’s a great deal of efficiency can be accomplished. If you’re looking for an easier way to do vendor invoice approval, you’ll be happy to learn that Microsoft Dynamics GP has a great solution.

The challenge with handling the approval process manually is all the steps involved. The person able to authorize payment and signify his or her approval of a supplier invoice still requires an additional check signer. If the check exceeds a certain amount, a second check signer is required. This control supposedly gives multiple senior-level people the chance to stop a payment. In reality, it’s more likely to only introduce another step into the payment process without really strengthening the control environment.

Direct integration of AP automation with your accounting system of choice is the best approach. Some companies will tell you they offer direct integration with your accounting system, but you may be unknowingly paying for this integration. Eliminating paper and automating accounts payable across companies on a Cloud Purchase-to-Pay platform that handles currency, intercompany transactions, and multi-entity bills should be “out of the box.” It shouldn’t have to be customized. You have the ability to preapprove purchases against budgets and track contracts. Enjoy error-free invoice capture and approval with secure payments from any device.

Accountnet helps accounts payable and purchasing departments work together to allow for a better workflow, especially when key personnel are out on vacation. E-invoicing allows vendors to submit invoices over the internet and have those invoices automatically routed and processed. Because invoice arrival and presentation are almost immediate, invoices are paid sooner; therefore, the amount of time and money it takes to process these invoices is greatly reduced.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need so they can analyze data as needed. The AP automation solution that we use for our clients includes ReQlogic and/or Workflow in GP depending on the client’s specific requirements. Managers and accountants get the information they need to do their jobs more efficiently — wherever they are and in whatever application they choose to use. Take the next step toward growth with Microsoft Dynamics GP.

Contact us at 212-Dynamics to learn more.

 

Another version of this blog was previously published HERE:  http://microsoftfinancialsoftware.com/can-microsoft-dynamics-gps-accounts-payable-automation-solve-todays-problems/ 

Photo courtesy of www.freedigitalphotos.net by Surachai

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