DYNAMICS 365 F&O Integration
Dynamics 365 F&O lets you consolidate information from front- and back-office processes including areas such as accounts payable, accounts receivable, procurement, analytics and revenue management. Dynamics 365 F&O customers require solutions for their paper and electronic-based invoicing OCR needs. Our solutions for Dynamics 365 F&O provide customers with the richest set of invoice extraction features on the market for their environments. We enable organisations to extract supplier invoice data seamlessly and affordably into Dynamics 365 F&O.
Kofax ReadSoft Online, our highly scalable, multi-tenant cloud solution for Dynamics 365 F&O, features a state- of-the-art HTML5 user interface that provides an intuitive user experience. Set-up is quick and requires no additional IT involvement, no upgrade fees, and no complex and costly implementation projects. Kofax ReadSoft Online for Dynamics 365 F&O is live 24/7 and is constantly monitored for optimum customer performance.
Our solutions for accounts payable empower your team with control, visibility and insight into the invoice lifecycle, driving efficiency and allowing each team member to manage their role and focus their time on value-added tasks.
Major ACCOUNTS PAYABLE CHALLENGEs
Accounts payable departments in today's organisations operate under increasingly strict, yet fluctuating, requirements. From satisfying external customer demands, to meeting increasingly stringent financial controls and internal margins, much depends on the success and efficiency of the accounts payable team. Major challenges with manual invoice processing include:
- Lack of visibility reduces control over invoice processing
- High operational costs
- Slow processing and delays in posting invoice data into Dynamics 365 F&O, creates an incomplete financial picture of commitments
- Prone to error - Data entry errors, matching errors, double payments, disappearing invoices and messy record keeping
- Lack of controls and standard procedures result in lengthy audits and make it difficult to see fraud
Empower your finance team with intelligent automation
Get the most out of your Dynamics 365 F&O investment and maximse productivity with an integrated accounts payable automation solution from Xcellerate IT. Our intelligent capture platform works seamlessly with Dynamics 365 F&O, on premise and in the cloud.
Today, Xcellerate IT solutions are used by a wide range of companies, across multiple industries, such as manufacturing, finance, state and federal government, higher education and healthcare. Our organisation has automated accounts payable departments for over 100 customers. These implementations demonstrate our expertise and experience and are a testament of our 'tried-and-proven' solutions.
Key benefits
The benefits of accounts payable automation are proven and documented for companies small and large. Major reductions in invoice processing cycle times and costs, near total visibility into documentation and metrics and seamless Dynamics 365 F&O integration is creating hyper-efficient accounts payable departments that are also strategic hubs of business intelligence. The benefits of an automated, integrated accounts payable solution from Xcellerate IT include:
- Digitally transform to a paperless and electronic accounts payable department
- Direct integration with Dynamics 365 F&O
- Improved data accuracy: Best in class extraction rates as high as 95% (typically not less than 80%)
- Improved profitability: Cost per invoice greatly reduced
- Improved invoice cycle time
- Reduced cost for manual keying and manual verification leaving option to reassign employees to more valued work
- Automated capture, extraction, validation and export to Dynamics 365 F&O ensures optimal process flow
- Ensure compliance with new legislation by having one single point of entry for your invoices regardless of the format received
- Improved supplier relationships: Faster invoice processing eliminates late-payment penalties and early payment discounts are increased
- Invoices will be paid in a timely manner, ensuring compliance
About DYNAMICS 365
Dynamics 365 is a set of intelligent business applications that helps you run your entire business and deliver greater results through predictive, AI-driven insights. Dynamics 365 applications work seamlessly together for a comprehensive solution that runs your entire business—including sales, marketing, service, operations and commerce. You’ll get a 360-degree view of your organisation to uncover the real-time insights that bring better results.
