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Four Ways Shared Services Organizations Can Extend The Value of their ERP Investments

ERP applications lie at the heart of financial operations, yet many are not optimized because the Accounts Payable processes that feed them are manual and paper-based. As a result, data fed into the ERP is incomplete, incorrect or not timely, processes are inefficient, and decision-makers do not have access to key variables.

The impact of relying on manual, paper-based Accounts Payable processes is especially pronounced in the growing number of shared services centers, where invoice processing is more complex, and businesses are more likely to use multiple ERP applications in an operation, region, or worldwide.

This white paper from the Accounts Payable and Procure-to-Pay Network discusses how shared services organizations can improve the way they capture, validate, route and manage accounts payable data across multiple ERP applications, including: 

  • Why more Accounts Payable departments are operating as part of a shared services organization
  • The challenges of manually processing invoices in a shared services organization with multiple ERPs
  • How enterprise content management (ECM) solutions address these challenges

 

Four Ways Shared Services Organizations Can Extend The Value of their ERP Investments .

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