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The Last Mile of ERP - Payables Transformation Strategies
In a growing business, ERPs are critical for tracking finance and accounting. They function as the system of record for collecting, storing, managing, and monitoring essential business data. However, ERPs are not designed for in-depth payables execution and process-heavy operations, and as a result, AP is often backfilled with staff.
Although an ERP can create purchase orders and store invoices from suppliers, it does not manage the nuances in the payables operation to create a closed-loop process. AP is consistently ranked by financial executives as the single most time-consuming function in finance. Payables ends up being the last mile that CFOs and controllers turn their attention to.
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Country
United States
Company Size
100 to 149
150 to 249
250 to 500
Industry
Accounting firm
Agriculture
Bank
Business Consulting
Business Process Outsourcing (BPO)
Business Services
CFO Outsourcing
Consumer Services
eCommerce
Education
Energy & Utilities
Environmental
Financial Services
Food & Beverage
Government
Healthcare, Pharmaceuticals, & Biotech
Hospitality
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ISV (Independent Software Vendor)
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Payment Processor
Payroll & Outsourced Accounting Services
Procure-to-Pay (P2P) Provider
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Solution Provider / VAR
System Integrator (SI)
Technology
Telecommunications
Translation
Transportation & Storage
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Which ERP Systems do you leverage?
Netsuite
Quickbooks Online
Sage Intact
Xero
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