Applexus

  Today, organizations with a forward approach are increasingly adopting AP automation, realizing its strategic value in generating revenue. Additionally,  automating accounts payable processes  enables the business to monitor and review cash flow and identify the vulnerable areas in their financial management cycle. Digitalizing mission-critical business operations like finance reconciliation turns accounts payable (AP) departments into a revenue-creating vertical rather than a revenue seeping hole. In this blog, let's explore how AP automation can help your business generate more revenue. Key Revenue Driving Indicators By Embracing AP Automation AP Automation Scales Productivity Studies say that more than a quarter of the weekly work hours in the AP process are spent on manual tasks such as data entry, invoice matching, exception handling and vendor coordination. These are labour-intensive, repetitive activities that could demote employee's morale for low-value activiti...

  Digital transformation is a broad-reaching change that includes people, technology, and processes from across a company to improve the customer and employee experiences and make the company more robust and productive. Since many systems can be affected while making this change, dependencies must be efficiently handled. Organizational agility has therefore become essential for a successful transformation. The potential transition scenarios for orchestrating change through SAP S/4HANA are explored in this article, along with a systematic approach to doing so in a way that enables seamless digital transformation . SAP S/4HANA for Digital Transformation SAP S/4HANA, the successor to SAP ECC, provides the "digital core" for business activities using SAP HANA, SAP’s in-memory database. But a shift to S/4HANA alone may not provide the kind of value required to justify a significant infrastructure investment, nor will it guarantee a successful digital transformation. In order to ac...

  From digital assistants such as Siri and Alexa to recommendation engines on Netflix and YouTube, Artificial Intelligence has simplified our lives considerably. It has become more pervasive with its applications disrupting a wide range of industries and finance has been no exception. With its competence to unlock the trapped potential within the Accounts Payable (AP) department, AI has been transforming invoice processing allowing back-office finance and procurement employees to focus on higher-value-added activities. Let's look at how artificial intelligence help in the automation of invoice processing and how AI-enabled intelligent invoice data extraction can alter your organization's accounts payable processes. Shift in the Strategic Take on Accounts Payable The constantly evolving financial landscape appears to be positioning  AI-powered accounts payable (AP)  departments at the forefront of generating ROI as they streamline and automate accounts payable procedures b...

We have entered an era of digital transformation where everything is interconnected.  Gone are the days when grocers could rely on mass mailings and email campaigns to support their business. From coupon clipping to promotions on grocery apps, the customers have now moved on to driving forces like time-saving, convenience and ready product availability. For grocers, the customer is a key component to attaining operational excellence. Customers share their preferences, location, price sensitivity, and basket sizes through their browsing and buying behavior. With SAP S/4HANA’s near-real-time dynamic pricing, promotions, shopper targeting,  inventory management , replenishment, and marketing campaign management, grocers now have a wealth of information about their customer that can be leveraged to drive better results. Moreover, S/4HANA helps grocers keep pace with faster innovation cycles to address tough questions such as “how do we build a customer experience that competitors ...

Digital transformation is today's new reality, shaping how modern organizations function and navigate through unprecedented and ever-dynamic market conditions. As digital disruption continues to grab global attention, we find more and more enterprises joining the   digital transformation   bandwagon. However, the path to digital transformation is not easy. There are numerous factors to consider before taking the plunge, and the complexities involved only increase the challenges of developing an effective strategy that facilitates this transformation. What Are the Challenges? Some of the challenges faced by organizations embarking on a digital transformation include: Integrating Legacy with Emerging Technologies One of the most significant challenges is incorporating legacy systems into sophisticated modern technology tools. Many enterprises have heavy investments in these legacy systems, making them reluctant to overhaul processes or undergo the cost, time and effort required ...