A thorough understanding of business operations is essential to achieving and maintaining success, especially in today's competitive market. To help, many companies started to implement department specific platforms to gather information, only to find that they weren't as successful as hoped for. In fact, often these individual platforms couldn't communicate with each other and in the end didn't fulfill the business need for a holistic information source.
As technology developed so did the centralization of these individual platforms into a single, centralized source. This system, known as an Enterprise Resource Planning (ERP) software, is a consolidated source that integrates the management of multiple business processes and helps to manage daily activities such as accounting, procurement, project management, and more. However, despite its effectiveness, the ERP is still a generalist. For this reason, companies are turning to a dedicated accounts payable automation solution to optimize and master its invoice management process.
AP Automation gives you complete control, both with respect to associated risks such as fraud, disputes, and non-conformities, as well as intrinsic costs related to productivity. These platforms work in conjunction with the existing company ERP and provide the holistic view that the management team needs to make strategic decisions based on solid financial and operational information.
Automation with your ERP
While there are multiple options available on the market, it is crucial to choose the right AP Automation solution for your business that will truly help to maximise your benefits. This involves evaluating several criteria, ranging from performance and scalability all the way to reporting capability and customer service. And, of course, the budget. After all, the idea is to obtain information that will reduce costs and increase company revenue.
It is also crucial that the automation solution seamlessly integrates with your existing ERP system or accounting software. As far as a user is concerned, there should still be a single system. One transparent for users, particularly with respect to exporting data.
Yooz and Talentia take ERP integrations to a new level
The partnership between Yooz and Talentia is an example of one such seamless integration.
Talentia is an award winning supplier of finance and human resource software solutions. It offers organisations a solution with tools to manage, motivate, and retain their employees. In an every-changing workplace where employee turnover is a growing concern, the capability to motivate and retain the workforce is key to success.
The cloud-based Yooz automation solution focuses on the accounts payable process, automatically recording invoices and "pushing" the information back to Talentia in real-time. Management is able to access all their data directly in Talentia, saving previous time and improving productivity. In addition, the Yooz solution is easy to work with and doesn't require any prior configuration.
The Yooz/Talentia connector provides the following features:
- Talentia reference data synchronised in Yooz
- Yooz accounting entries generated in Talentia
- Yooz payment orders generated in Talentia
- Talentia payment status and accounting document numbers updated in Yooz
Other benefits include:
- Scalability. With Yooz you only pay for what you use and thanks to the no-contract structure, you can scale according to your business needs. This means that as Talentia helps your company retain employees and grow, Yooz ensures that you continue to have the information at your fingertips to maintain that growth.
- Analysis and availability. Thanks to the cloud, information is digitised, stored, and accessible from anywhere and anytime. Data is always available to use for strategic analysis.
- Compliance and reporting. Your business will have a digital record in place that helps reduce error and fraud in addition to complying with the increasing legal requirements of e-invoicing and reporting (including MTD).
Is the result worth it?
Clients who use Talentia and Yooz every day are more than happy with their experience:
“Integration between Yooz and our Talentia Accounting system results in fast and accurate processing of invoices and completes the Accounts Payable process without the need to print a single invoice.”
-Jerry McGill, Operations Director at GSC Grays
Reach out today for a step-by-step demonstration of what the Yooz/Talentia integration can do for you!
