- 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
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