Enhancing Efficiency Through Automation with Conexiom

⇨ Organizations must make targeted investments to maximize the value of their automation solutions.

⇨ Speeding up essential finance workflows through automation not only reduces headaches internally but can also benefit customer experience and relationships with vendors.

⇨ The digital migration process from SAP ECC to SAP S/4HANA is an ideal time for companies to rethink their workflows.

Many SAP organizations are deploying automation solutions to maximize efficiency in their essential workflows. SAPInsider’s recent AI and Automation in Finance report found that 45% of survey respondents said they wanted to utilize AI and automation to increase productivity of F&A teams by hyperautomating repetitive and manual tasks, making it one of the top responses.

Organizations must make targeted investments to maximize the value of their automation solutions. SAP partner Conexiom features automation solutions like sales order automation and AP invoice automation that can double productivity. These solutions can also reduce the possibility of errors and enable the ability to scale the business without scaling headcount.

Enhancing Efficiency Through Automation

Speeding up essential finance workflows through automation not only reduces headaches internally but can also benefit customer experience and relationships with vendors. Automated payments allow users to collect early payment discounts, avoid late fees, and prevent sanctions like remitting to vendors before they will ship.

Conexiom highlighted five key benefits of their automation offerings:

• Increased close efficiency: Conexiom has proven to reduce the time from receipt of an invoice until data is in SAP by 80% or more.
• Reduced overhead: By doubling team productivity, invoice automation solutions from Conexiom reduce the cost per invoice. These tools also reduce hiring and training costs by bolstering staff morale.
• More time for professionals: When finance teams do not have to perform manual work, they have more time to work directly with vendors and proactively solve problems.
• Planning accuracy: Automated invoice processing has shown to reduce errors by about 50%, if not more. This allows for better data to drive planning, as well as alleviating the invoice processing queue so planning data is more current.
• Improved satisfaction: No worker wants to spend extra time working with invoices. Automation allows finance teams to get home for dinner more regularly with less overtime. While at work they can spend their time on activities that contribute to customer experience and vendor relations.

Automation and Digital Migration

The digital migration process from SAP ECC to SAP S/4HANA is an ideal time for companies to rethink their workflows – there is no need to migrate an inefficient process to a new system. Organizations may avoid taking on any new project amid the move, but solutions like Conexiom’s AP Invoice Automation can be implemented in parallel with SAP S/4HANA, as the total burden on IT teams is under 25 hours.

Organizations have also noted that they often put other projects on the backburner when they are evaluating SAP S/4HANA implementation options. Conexiom’s offerings can be set up in the background to be ready to go live once SAP S/4HANA implementation is complete.