Integrating with your Enterprise Resource Planning (ERP) system
ERP integration allows organisations to realise ‘Commitment Accounting’ by fully automating the ‘procure to pay’ process.
In any business - large or small - double handling costs a great deal. So you need to find a supplier that can work with you and your systems to eliminate double entry. If possible, partner with suppliers that can facilitate Enterprise Resource Planning integration. ERP systems such as Oracle, SAP, Peoplesoft, Technology 1 and Mincom have all developed ‘punch-out’ type components which allows companies to integrate with suppliers websites. Essentially this means that you and your company don’t have the hassle of maintaining a procurement catalogue.