Benefits of Integrating EPS with Your ERP
Here are some key advantages of using EPS with your ERP:
Automate the Entire AP Process
EPS, created by ERP systems, automates the entire accounts payable process. Invoices received through email can be approved without requiring full access to the ERP system.
Full Visibility into Pending Invoices
EPS provides visibility into all outstanding invoices, improving control over cash flows and financial positions, ensuring a clearer financial overview of all pending invoices.
Simplified Invoice Approvals
Approvers can approve invoices via email or directly from EPS, streamlining the approval process and preventing delays by reducing the need to navigate through the ERP system.
Improved Vendor Relationships
EPS offers quick access to payment statuses, allowing you to provide accurate information to suppliers. It empower the vendors to check payment status.
Single Payment Module
EPS simplifies finance department tasks by providing a single payment module, unlike other ERP systems where payment types may require several connections.
Accurate Invoice Capture
Our OCR technology, coupled with human interaction, ensures a 99.5% accuracy rate for all invoices, including detailed line items, enhancing accuracy.
Fraud Detection and Prevention
AI algorithms continuously monitor transactions for unusual patterns or anomalies, enhancing the security of your financial processes by preventing fraudulent activities.
Intelligent Automation
AI-driven intelligent automation learns from past AP activities to improve the accuracy and efficiency of future transactions, reducing manual intervention and minimizing errors.
Personalized Insights
AI offers customized insights and actionable recommendations based on your business's specific AP data, helping tailor strategies to optimize financial operations.
AI-Enhanced Data Analysis
EPS uses AI to analyze large amounts of data, identifying patterns and trends that optimize the AP process, leading to more informed decision-making and strategic planning.
Predictive Analytics
AI-driven predictive analytics forecast cash flow needs by analyzing historical data and current financial trends, ensuring better cash flow management and preventing liquidity issues.
Support for Hybrid Work
EPS allows for 100% electronic capture and coding of invoices, with approvals accessible anytime and anywhere, supporting hybrid work environments effectively.