Free White Paper from Litco Systems

Buried Beneath the AP Paper Crush? Simple Steps for Automating Invoice Workflow and Approval within JD Edwards Environments.

Simple Steps for Automating Invoice Workflow and Approval within Oracle®JD Edwards Environments

Today’s accounts payable professionals spend much of their day handling paper, resolving vendor disputes, attempting to keep up with phone inquiries and other onerous processes in the effort to move invoices from the ‘in’ box to the ‘out’ box. Over the course of the last few years, ERP-driven businesses have introduced varying elements of automation into their AP departments. In doing so, these organizations have managed to not only streamline approval processes and reduce their reliance on paper, but stretch the benefits of AP automation into core operational functions that include cash management and regulatory compliance.

Without an efficient, centralized system for processing AP invoices, many approval cycles are segmented in such a way to provide little control and visibility into the status of an invoice as it moves from receipt through to payment. According to the Boston-based research advisory firm, Aberdeen Group, approximately 81 percent of bills received in the United States are paper-based. Further complicating this scenario are discrepancies between invoices and the actual goods or services received. When this occurs, AP professionals must contact the vendor to discuss the discrepancy, generating what can often be a sizable delay before payment can be made.

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