An industry niche ERP software offers an all-in-one professional services automation platform with many available modules, from CRM + project management + time + billing to a fully integrated accounting general ledger. They have over 50,000 active users across several core professional service industries, but their platform was missing a streamlined paperless vendor bill payment solution.
SPRCHRGR developed a custom API that securely connects the ERP software with a leading paperless vendor management and electronic bill payment solution.
Features & Benefits
2-way sync of data between systems, including:
Customer
Project
Project Phase
Vendor Contact Info
Vendor Bill Details
Bill Payment Transaction Details
File Attachments (Bills and Payment Confirmation Records)
ERP software remains the single source of truth
Customizable user rights management to limit access to financial data and protect company cash
Built-in paperless approval workflows to ensure accuracy before bills are paid
Mobile + web interfaces available for each stakeholder in the bill payment and approval workflows
Enables asynchronous data entry, review, approval, and payment activities between stakeholders through the virtual paperless process
Full audit trail of all activities
Automated reconciliation of bill payment records across systems
Improved cash flow by billing reimbursable project expenses to customers and collecting payment through the ERP software before releasing payments to vendors
Maximized profits; minimized risk; substantial time savings