Manufacturing and Logistics industry employs a large number of vendors for building a single product. A business produces many such products at a given time. Timely payment of the dues enables the industry to build a healthy just in time inventory such that the product manufacturing is not hindered in any manner and products are delivered in a clock-work manner to fulfil the market demand.
Automating the Accounts Payables or Procure-to-Pay goes long way in building long-term, sustainable relationships with the vendors. Technologies such as Robotic Process Automation, Intelligent Document Processing, Intelligent Automation, etc., enable end-to-end automation in the Accounts Payable section.
The integrated solutions improve the operational efficiency and reduce costs to a significant extent. The automation in Finance & Accounting allows the businesses to deliver long term value to their customers and in a timely manner.
Automation allows Manufacturing and Logistics businesses to automate their Trade Finance or EXIM (export and import) processes, taxation matters, compliance reporting, logistics tracking, etc., and optimize processes.