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Time to tackle the ‘P2P scrum’ with Sage 200 document management
With the Rugby World Cup 2015 just days away, it is easy to get sidetracked by all things rugby. Some days I find myself comparing the most challenging of meetings with being thrown head first into a rugby scrum. Thankfully, I’m soon back up, dusting myself off. However, imagine if your entire working day felt like a long and unruly rugby scrum? If you work in a finance department that still uses time-consuming and manually-intensive purchase-to-pay (P2P) processes, every single day could feel just like this!
When a supplier invoice arrives into your finance department, what happens to it? Is the invoice like a rugby ball being thrown around the organisation? Do you lose track of it until it (hopefully) reappears (hopefully) approved? If this sounds familiar, your finance team is operating without the right electronic document management (EDM) systems in place.
Sage 200 is one of a number of finance systems that uses integrated EDM and invoice processing technology from V1. This technology automates P2P, streamlining the whole process whilst ensuring you remain in control. Instead of spending precious time entering invoice data, this is automatically done for you, cutting manual data entry by up to 80 per cent. Paper-based invoice approval is replaced with automated authorisation so that you know exactly where an invoice is in the approval chain. The electronic document archive means no more lost invoices, and costly document storage and postage charges become a thing of the past.
By improving P2P efficiency, supplier invoices can be paid in a timelier manner, cutting late payment charges. The electronic audit trail also provides transparency and accountability whilst minimising the risk of fraud.
With so many benefits of automating P2P, isn’t it time to escape the ‘scrum’ and invest in Sage 200 integrated EDM?
To find out more, register for our free webinar on Thursday 10th September at 11:00am.Time to tackle the ‘P2P scrum’ with Sage 200 document management by Catherine Murphy