Paymeran and Harris ERP has partnered to provide advanced invoice and payment automation solutions to local governments.
With this integration, Paymerang's Accounts Payable (AP) automation tools Delivered to hundreds of local governments through Harris ERP's Enterprise Resource Planning (ERP) system. city suiteThe companies announced on Tuesday (May 7th). press release.
“It is an honor to serve [Harris ERP’s] We provide best-in-class solutions to government finance professionals who need these tools to support their customers and operate effectively in 2024 and beyond. ”said he Paymerang CEO. Nasser Chanda said in a release.
By automating AP processes, government finance teams can reduce the time currently spent on manual AP tasks by 84%, according to the release.
The solutions provided by this partnership will also help these local governments protect taxpayer funds from the increased risk of fraud, the release states.
According to the release, government finance teams using the solution will be supported by technology as well as fraud experts who will monitor payments and data to mitigate losses.
“We believe that by combining CitySuite, our robust enterprise resource planning software, with Paymerang's cutting-edge invoice and payment automation solution, we can streamline our customers' financial processes and drive operational success.” corey logansaid Harris ERP executive vice president in a release.
PYMNTS Intelligence found that by fully automating AP and accounts receivable (AR) processes, organizations can reduce labor costs, reduce errors, and process high volume transactions faster.
AP automation It also increases vendor satisfaction. According to , 70% of midsize businesses that have implemented full AP automation demonstrate increased satisfaction.Accounts payable and receivable trends: next steps in automation”, PYMNTS Intelligence and american express collaboration.
Paymeran added Accounts receivable automation product to the line financial automation We will announce the solution in December. This product simplifies AR and provides businesses with real-time insights into their cash flow.
“The addition of Receivables Automation products exemplifies our mission to provide CFOs and finance teams with cutting-edge solutions that drive efficiency and improve financial outcomes,” Chanda said in a press release at the time.
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