Updated Information on ERP's and Automating Payments

Accounts Payable - Payment AutomationSince we last touched on this subject with part one and part two of our AP Best Practices Blog Series, we have continued to demonstrate to companies that ERP and Accounting software fall short of payment needs. In the last three years, ERPs have failed and keep failing.

If your goal is to not waste money, then an ERP is not the way to go...A Payment Automation Hub is the ticket. 

Last year alone, Panorama Consulting Solutions reports that ERP implementations cost most companies 5% of their overall operating budget.  And, enhancement projects (many of which included electronic payment processes) failed to stay on track in 2014.

This is also despite the fact that some ERP projects were on and even under budget. Regardless of the statistics, there are some that just haven't given up on this process that is less efficient.

In addition to the continuing inefficiency of issuing payments via an ERP or accounting system, it is also less effective when it comes to security. Below are three ways OnPay's technology protects you.

    Continue Reading

    Accounts Payable Best Practices Series

    Written by Julie Negrete-Anderson | Thu, Apr 12, 2012 @ 09:31 AM |
    ERP and Accounting Softwares Fall Short of Delivering what Accounts Payable Departments Really Need  PART 1

    Modern ERP and Accounting Software packages often come with payment automation technology built in to their systems. This includes the ability to print business checks using a desktop laser printer and make electronic ACH payments with remittance detail delivered directly to a payee via email.

    Continue Reading

    INTERESTED IN LEARNING MORE?

    Sign up to receive news and information that’s useful for Finance and Accounts Payable Professionals.

    Popular Posts

    Book a Demo

    POSTS BY CATEGORY

    see all