How To Maximize Process Efficiencies in JD Edwards With AP And AR Automation

Many organizations are leveraging the power of JD Edwards EnterpriseOne but continue to struggle with inefficient, paper-based workflows in their AP and AR processes. Did you know you can enhance process efficiencies in combination with JD Edwards simply by implementing AP and AR automations to streamline Procure-to-Pay (P2P) and Order-to-Cash (O2C) processes?

While you may be familiar with SCANMAN AP Automation, our solution extends far beyond that. We offer a comprehensive suite of automation tools designed to streamline your entire finance and business operations. All our automation solutions seamlessly integrate with JD Edwards E1 via Orchestrator, ensuring a continuous flow of data so you can make informed decisions based on a single source of truth.

Procure-to-pay Automation

The procure-to-pay (P2P) process covers everything from identifying the need for goods to acquiring them and making the final payment. It’s a critical process that reflects how well an organization manages its resources and vendor relationships, directly impacting revenues and operations. Automating your P2P cycle can help you cut costs, minimize human errors, boost productivity, and strengthen supplier relationships.

Let’s explore the P2P processes you can automate with SCANMAN solutions.

Vendor Management
The SCANMAN vendor portal streamlines your entire vendor lifecycle on a dedicated platform. With automated vendor onboarding, the process becomes seamless and efficient. Vendors can easily update their information, and the portal’s FAQ function simplifies exception handling and 2-way disputes. You can also manage all vendor documents effortlessly, defining specific document requirements for each vendor within the portal.

Purchasing
Purchasing automation enables you to manage catalogs, supplier contracts, and PO approvals and releases with ease. You can customize your company’s purchasing experience to align with specific conditions and requirements, ensuring a streamlined and efficient process.

Purchase Order (PO) approval and release on-the-go
Our app, seamlessly integrated with JD Edwards, empowers PO approvers and releasers to work on the go. By eliminating bottlenecks and reducing lag time, you’ll streamline your purchasing process and maintain business continuity. With its user-friendly interface, your team can keep the process moving smoothly, even when away from their desks.

Payment automation
Simplify your payment processes with a solution fully integrated with JD Edwards G/L and AP. This automation provides access to over 80 payment formats, including standard CGI, SEPA, and Check solutions. It streamlines your operations features like flexible payment bank account selection and preparation for bank statement processing. Additionally, it includes exception reporting, such as supplier payment validity checks before processing and monitoring payments that may be stuck in transit. This reduces manual intervention, ensuring timely and accurate payment processing.

AR and Order-to-Cash Automation

The Order-to-Cash (O2C) cycle encompasses key functions such as accounts receivable (AR), remittance advice, and sales orders, all of which require seamless coordination across multiple departments. Its efficiency directly influences your company’s efficiency, cash flow and profitability. Automating these processes not only integrates workflows but also eliminates human errors and reduces interdepartmental friction, ensuring smoother operations.

When automating your AR and O2C processes, SCANMAN offers two solutions designed to simplify and automate your finance team’s daily tasks. Let’s explore the areas SCANMAN can help you automate.

AR Remittance Advice processing
This cost-effective, high-value solution automates the reconciliation of remittance advices. This includes real-time validation against JD Edwards Master Data and effective exception handling. By automating these processes, your AR team can save significant time and shift their focus to more strategic activities.

Sales order
With sales order automation, you can streamline the recognition, real-time validation against JDE Master Data, and processing of customer POs. Automating these repetitive and manual tasks boosts your sales team’s efficiency and satisfaction by reducing human errors and any associated costs. This frees up your sales team to focus on improving customer satisfaction and driving business growth.

Bank Statement Processing
Automate your bank statement processing with our solution fully integrated with JD Edwards G/L, AP, and AR. This automation supports over 90 import formats, including bank-specific formats, and streamlines the entire import procedure. With flexible automated matching across AR, GL, and Payment Groups, it ensures accurate accounting creation post-processing. Additionally, the system handles exception reporting, checks for completeness, and prevents duplicate entries.

Overall, both Procure-to-Pay and AR Order-to-Cash automation are essential for supporting your company’s growth, optimizing resource use, and ultimately maximize process efficiencies in combination with JD Edwards. Curious about how these automation solutions can be tailored to your company’s specific needs? Visit us at INFOCUS24, booth #217.

Can’t wait until INFOCUS24? Reach out to our sales team at [email protected] and we will be in touch soon.