7 Reasons to Automate Accounts Payable in an Oracle E-Business Suite Environment

 

 

Do you work in the Oracle® E-Business Suite realm? Are you still looking into automation and how it could fit into your organization? Look no further, Esker has laid out 7 Reasons to Automate Accounts Payable in an Oracle E-Business Suite Environment. That’s right, you heard me: in an Oracle E-Business Suite Environment! Not only does Esker offer accounts payable (AP) automation, we now have a seamless connector for those working in the Oracle space.

What’s Your Reason to Automate?

Do you suffer from lack of visibility into your KPIs (Key Performance Indicators) on a daily basis? Maybe your AP specialists are being stretched thin by manually processing invoices, or you could be looking to take advantage of early payment discounts but don’t have a good way to track them in your current process. Whatever your reason to automate may be, you will want to start putting an action plan in place for automation by laying out how it will benefit your organization. Now, there is no need to rack your brain coming up with reasons to automate, I already did the work for you!

 Reasons to Automate Accounts Payable

  1. Address the Issues
    What pains are you experiencing in AP? I am sure if you have pains, others in your department feel them as well (or additional ones). Take a moment to familiarize yourself with all the procedures, or even give yourself a nice refresher, you might end up pinpointing a few issues automation could fix that you didn’t think of before. You want to make sure you have identified all the pains in your department to make a strong case for automation.
  1. Consider the Big Picture
    What is automation going to bring your organization for years to come? Maybe you are being hit by the lack of visibility, imagine the joy of automation providing total visibility into invoices throughout the process and the ability to track KPIs on a daily basis! Think of all those in your organization that will benefit. Are you looking to improve supplier relations? Automation can give you a vendor portal which gives vendors insight into where their invoice is without needing to pick up the phone! Think of the time that AP specialists could be saving. Can you already imagine a few of your vendor relationships improving? Maybe early payment discounts are a hot topic, think of the money your organization could save by having visibility into the process with real-time tracking. Catch those discounts before they are gone! What does your big picture look like and where do you want automation to take your organization?
  1. Assess Your Situation
    You have pinpointed your issues, taken a look at how automation will benefit your organization, in the long run, now it is time to assess your situation. How well do you rank among your competitors? Do you have easy access to your KPIs and other important data? If you are not happy with where you stand, or you are content with your ranking but know you can improve, it is time to take action with automation!

Get all 7 reasons to automate AP in an Oracle E-Business Suite environment by downloading our guidebook today! You won’t want to miss out — kick start your business case today!

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