Technology Record - Issue 23: Winter 21/22

127 planning (ERP) software. The ERP solution is the home base for all manufacturers’ operations – from inventory management to quality control, to financial management. Having an AR automation solution that pulls invoice information from manufacturers’ existing system and automatically posts payments to it is indispensable. This helps ensure data reliability and avoid duplicate work from having to reconcile data in two places. While shared visibility into receivables is important for manufacturers’ internal finance teams, extending this visibility to their customers is paramount to improving AR efficiencies. By giving customers an online portal through which they can view all their open invoices, available credits, and payment history – as well as make payments and contact their supplier – manufacturers can expect to see significantly faster payment times and lower days sales outstanding. Versapay’s collaborative AR automation platform helps manufacturers within the Microsoft Dynamics ecosystem centralise their AR operations in the cloud. We help you process payments online, invoice customers through a variety of channels, speed up collections, and automate cash application. We integrate closely with customers’ Microsoft Dynamics instance to create a single source of truth for all their accounting and financial activities. Our solution has extensive pre-built connectors forMicrosoftDynamics Business Central and Finance and Supply Chain Management, easing the process of implementation. Craig O’Neill is CEO of Versapay MANU FAC TUR I NG & R E SOUR C E S