- Accounts payable management can be a tedious task, especially when dealing with a large volume of paper documents from multiple suppliers.
- This process can involve several departments and increase the probability of input errors, longer lead times, and a storage problem. Digitization and automation of accounts payable can save time, increase financial efficiency, and strengthen the relationship between customers and suppliers.
- However, resistance to change is a common issue, and it is essential to analyze the current process and assess the benefits of change before implementing a solution.
- Technology solutions based on EDI can simplify the process and optimize internal business management.
- Sensitizing suppliers to the benefits of automated solutions is also important.
- EDICOM has developed a Supplier Portal that automates the management of supplier accounts and invoice processing, allowing for automatic sending of purchase orders and the generation of invoices from purchase orders received.
Source Edicom
Click on the logo to visit the website
