Image credit: Logan Easterling on Unsplash
As a CFO, Controller, or AP Manager, you may be asking yourself: “What’s the best way to get invoice data into our ERP?”
Some companies hire AP Clerks to manually enter invoice data directly into their ERP (and sometimes into a second application). This is what they spend most of their days doing. The work is mind-numbingly tedious, error-prone, and inefficient.
And, the opportunity cost is very high.
Just think, you could have these AP Clerks working on collections and getting more cash in the bank. Or quicker month-ends. Or improving vendor relationships. Or account reconciliations. Or taking on new business process improvement projects.
Or, anything other than manual data entry.
But, back to the original question: “What’s the best way to get invoice data into your financial system?”
The answer is: “How would you like it to work?”
- Would you like to have direct API integration? And have approved invoices automatically flow into your ERP?
- Or, would you prefer to receive import files (e.g., CSV, EFT, JSON, Excel, XML, etc.) on a scheduled or real-time basis that are formatted exactly the way you need them to be to simplify ERP updates?
With Contexture, it’s your choice. We “bridge the gap” between invoice data capture, extraction, and validation to importing this data into your ERP to process payments faster.
Contact us to learn how to simplify ERP updates with our flexible invoice data integration options.