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The history of accountspayable (AP) automation began in the 1960s, with electronic data interchange (EDI) and continues today with new innovations like machine learning and artificial intelligence poised to continue transforming AP. Thats understandable. Its now possible to have a paperless, or nearly paperless, AP department.
Small and medium-sized company users of Microsoft Business Central ERPs need to apply artificial intelligence for efficiencies, vendor invoice processing workflow automation, and decision-making related to accountspayable and business spending. What is Microsoft Business Central? Let’s explore.
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Spreadsheet Reconciliation Spreadsheet software like MicrosoftExcel is often used for expense reconciliation. Financial professionals input expense data into spreadsheets and use formulas and functions to compare and reconcile expenses.
If you want to assess revenue data, sales data, and expense data into one report, your analysts no longer need to get data downloads from multiple systems and compile them into a manual file with MicrosoftExcel. Which Integration Catches Your Eye?
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