Research and common sense clearly demonstrate that more automation means better productivity. Analysts at Aberdeen have reported that highly automated organizations actively manage more than 90 percent of their spending. Contrast this with manual operations which have less than 25 percent of their spending under management. Beyond the impact on the productivity of the accounting function, invoice automation enables executives to make smarter decisions about their company’s costs and forecasts and gives the organization confidence that invoices are paid on time, recorded accurately, and never misplaced or duplicated. Bottom line, invoice automation can positively impact the organization from the front line to the C-suite.
With Microsoft Dynamics 365 Finance and Operations, Business Edition, there is no need to invest in complex or expensive integration to implement an invoice automation solution. You can have your paper documents converted to electronic invoices using an OCR (Optical Character Recognition) service, thereby avoiding tedious, error-prone and costly manual typing and leverage built-in process automation capabilities of Dynamics 365. Best of all, the OCR service (provided by Lexmark) is available as a subscription cloud service through the Microsoft AppSource and requires no installation or integration. Dynamics 365, of course, is also an on-demand subscription service available through Microsoft Cloud Solution providers like SBS Group.
Watch as a Dynamics 365 expert demonstrates the invoice automation capabilities of Dynamics 365 Finance and Operations, Business Edition.