• Company
    • Company
    • Why Nexus
    • Become a Partner
  • Company

    • Why Nexus
    • Become a Partner
  • Company
    • Why Nexus
    • Become a Partner
Nexus logo Nexus logo
  • Solutions

Use Nexus Your Way

Automate Payments
_______________
Automate Invoices
_______________
Procure-to-Pay
_______________
See Who Uses Nexus
_______________

For Suppliers

Use NexusConnect to track invoices and get paid.

Learn More
  • Integrations

Integrate With Your Tech

MRI
_______________
Entrata
_______________
Microsoft Dynamics GP
_______________
Oracle JD Edwards
_______________
RealPage
_______________
ResMan
_______________
Sage Intacct
_______________
Yardi
_______________
Other Solutions
_______________

Sync Automatically

Nexus integrates with your system of record.

Learn More
  • Resources

Learn More About Nexus

Resources
_______________
FAQ
_______________
Testimonials
_______________
Get Training
_______________

Business Case

See the time and cost savings of using Nexus software.

Learn More
Contact Us Book a Demo Search
Contact Us
Book a Demo
Nexus logo Nexus logo
Back
Contact Us Book a Demo Search
Contact Us
Book a Demo
Search
Contact Us Book a Demo Search
Contact Us
Book a Demo

  • Solutions

      For Suppliers

      Use NexusConnect to track invoices and get paid.

      Learn More
    • Use Nexus Your Way
      • Automate Payments
        _______________
      • Automate Invoices
        _______________
      • Procure-to-Pay
        _______________
      • See Who Uses Nexus
        _______________
  • Integrations

      Sync Automatically

      Nexus integrates with your system of record.

      Learn More
    • Integrate With Your Tech
      • MRI
        _______________
      • Entrata
        _______________
      • Microsoft Dynamics GP
        _______________
      • Oracle JD Edwards
        _______________
      • RealPage
        _______________
      • ResMan
        _______________
      • Sage Intacct
        _______________
      • Yardi
        _______________
      • Other Solutions
        _______________
  • Resources

      Business Case

      See the time and cost savings of using Nexus software.

      Learn More
    • Learn More About Nexus
    • Resources
      _______________
      FAQ
      _______________
      Testimonials
      _______________
      Get Training
      _______________
  • Company
    • Company
    • Why Nexus
    • Become a Partner
  • Company

    • Why Nexus
    • Become a Partner
  • Company
    • Why Nexus
    • Become a Partner

Contact Us Book a Demo Search
Contact Us
Book a Demo

AP Automation: Making Procurement Stark Raving Fans of Your Systems

Blog

Jul 5, 2017

The procurement and accounts payable functions at most businesses have traditionally operated as silos. But the functions are becoming more closely aligned as businesses look for ways to improve control over spending, strengthen contract compliance, and gain leverage in supplier negotiations.

As a result, procurement has become a strong ally in the accounts payable department’s automation efforts. Procurement benefits from accounts payable automation in three important ways:

1. Lower purchasing costs: Automation reduces costs across the procure-to-pay lifecycle. Electronic purchase order requisition eliminates labor-intensive back-and-forth phone calls and e-mails between purchasers and approving managers. Integrated catalogs help ensure that purchases are made with preferred suppliers at pre-negotiated prices and Service Level Agreements. Electronic purchase order presentment accelerates purchase cycle times and reduces manual paper handling. The ability for suppliers to convert (or “flip”) electronic purchase orders into electronic invoices eliminates downstream exceptions and streamlines improve approval. All of this significantly reduces an organization’s purchasing costs.

2. Fewer invoice exceptions: Invoice exceptions are as much of a headache for procurement as they are for accounts payable departments. Invoice exceptions result in phone calls and e-mails from suppliers regarding invoice and payment status, late payment penalties, and poor supplier relationships. Automation reduces exceptions by eliminating the manual keying and paper handoffs that cause mis-keyed or lost data, validating extracted invoice data against information stored in downstream systems, providing fast online access to supporting data, and identifying “problem” suppliers using reporting. Electronic invoicing solutions also provide suppliers with self-service capabilities for checking the status of invoices online.

3. Greater control over spending: Automation provides authorized users with instant access to purchase order and invoice data via a single system. Integration with systems such as general ledger and enterprise resource planning platforms delivers a 360-degree view of invoice data. Fast access to aggregated spend data enables businesses to resolve supplier inquiries more quickly, gain better visibility into enterprise spending, proactively manage budget variances and “maverick” spending, provide enhanced reporting to decision-makers, help ensure that spending is being directed to preferred suppliers, and gain leverage in supplier negotiations.

Learn how to make your procurement department stark-raving fans of your accounts payable automation initiatives.

——

ap-automation-wp-ad-2.jpg


      footer curve

      Solutions

      • Automate Payments
      • Automate Invoices
      • Procure-to-Pay
      • See Who Uses Nexus

      Company

      • About
      • Newsroom
      • Bottomline CSR
      • Transparency in Coverage Rule

      © 2023 Bottomline Technologies, Inc. Privacy