Manual AP processes can be time-consuming and error-prone, leading many organizations to automated solutions. Most of those solutions can shrink the time and cost associated with invoice processing. They can also reduce invoice exception rates and enhance transparency. But they can’t deliver more strategic value and the insightful business metrics offered by ExFlow, a full-featured accounts payable automation solution offered by Signup Software.
ExFlow is an add-on that works seamlessly within Microsoft Dynamics 365 Business Central (BC), providing a unique experience and advantage. Imagine accessing a robust AP solution fully embedded within BC as opposed to the separate browser-based interface offered by more conventional solutions. Then consider the possibilities.
For instance, ExFlow is easily deployed in just days. So an organization already familiar with BC and its interface enjoys a simple and natural extension to their existing workspace with little to no training required. Easily automate some of your more redundant, manual processes within ExFlow, such as invoice scanning, importing, and interpreting. Benefit from three-way invoice matching by means of top-rated ExFlow Data Capture by Kofax for Optical Character Recognition. And integration with the Binary Steam multi-entity management app is already on the developer’s roadmap.
But possibly most impressive is its holistic approach to AP automation and the strategic value offered enterprise-wide. Since ExFlow is fully integrated with BC, digitized AP processes can feed valuable financial data throughout your organization to leverage far beyond accounting. This capability can help leadership optimize processes and advance operational objectives.
Finally, ExFlow measures and tracks KPIs including time-to-pay and approve, average cost to process each invoice, touchless processing, and exception rates. Pairing the natural efficiencies of AP automation with actionable intelligence can free staff to concentrate on more strategic objectives that can add real customer value. It can also help in pinpointing areas for improvement and helping leadership reach their long-term goals.
Contact Admiral Consulting Group to schedule a consultation and learn more ways ExFlow could benefit your business.