EXFLOW® for Microsoft Dynamics NAV
Choose profitability over administration – Automate your Accounts Payable Processes!
The cost of manually processing a supplier invoice is estimated to be EUR 15-50, depending on the type of business and current automation initiative. By automating your Accounts Payable, you can reduce your annual administrative costs by up to 50% per invoice.
This frees up resources in the finance department and provides better visibility over costs, as well as reducing interest charges. It also provides a more reliable and efficient workflow, makes budget work easier and takes on a more GREEN approach by reducing paper consumption.
Efficiencies realised through increased profitability and strengthened visibility.
Is Microsoft Dynamics NAV your ERP system? Then ExFlow NAV is the right solution for you.
ExFlow NAV is Microsoft Dynamics NAV certified add-on module for Accounts Payable Automation. In contrast to other solutions, no integration is required as ExFlow is fully built into NAV.
Finance staff can continue to work in the already familiar Dynamics NAV environment, reducing training needs. There are no external systems requiring synchronisation, which ensures accurate data in real time to all users. Approvers work in a modern web interface and receive automatic reminders whenever there are documents awaiting approval.
Our competitors claim they can integrate their solutions with almost all major ERP systems. With ExFlow NAV, we are dedicated to creating the best solution for Dynamics NAV.
Areas where ExFlow NAV really stands out are listed below. When choosing an AP Automation solution, it’s crucial to consider these points in depth to leverage your existing Dynamics ERP investment.
The AP department prefer ExFlow NAV
- Work in one system only!
With ExFlow NAV, the entire approval flow is processed and managed directly in Dynamics NAV.
- No duplicate registers to be synchronised
With ExFlow NAV, you only work with NAV’s register. No duplicate account plans, supplier registers in external systems.
- No delays
With ExFlow NAV you don’t need to wait for an approved invoice to sync with Dynamics NAV. As soon as an approver has registered or approved an invoice, it will appear in Dynamics NAV in real time.
- Keep an eye on the process
With ExFlow NAV you can control the entire accounts payable process by monitoring all invoice transactions directly in Dynamics NAV.
- Easy information access
With ExFlow NAV you have full access to invoice images, appendices and the full audit trail from all modules and screens in the business system.
- 3-way matching between purchase invoice and order
With ExFlow NAV you can match quantity, unit prices and deliveries received on the purchase invoice with the purchase order directly in Dynamics NAV.
- Quick and easy implementation
Since ExFlow NAV is a certified add-on module for Microsoft Dynamics NAV, the application uses Dynamics NAV’s normal interface. No learning-period. Just business as usual.
The IT department prefer ExFlow NAV
- No multiple systems or expensive servers
ExFlow NAV require no extra servers, since it’s not a separate system but an add-on module for Dynamics NAV.
- No difficult and expensive integrations
Since ExFlow NAV only use Dynamics NAV´s own database. No integration is necessary!
- Avoid duplicate registers that must be synchronised
With ExFlow NAV, you only work with NAV’s own registers. There are no duplicate versions of account plans and supplier registers in external systems.
- No delays
With ExFlow NAV you don’t need to wait for an approved invoice to sync with Dynamics NAV. As soon as an approver has registered approved an invoice, it will show up in Dynamics NAV.
Of course, ExFlow NAV has the same functionality as competitive solutions but it also has several more features, including:
- Reminder functions
- Modern web interface for approval of documents with support for tablets
- Escalation procedures
- Purchase Order Matching
- Automatic Coding of Invoices
- Search functionality
- Support for attaching other documents to an invoice
- Fraudulent invoice warnings, etc.
System Integration is costly
According to an article in Computer Sweden published on 8 April 2011, (based on a survey undertaken by Radar Group), system integration expenditures can reach up to € 15,000 per year for each stand-alone application integrated instead of built into the ERP system. (Read the full article here >>) While it’s difficult to calculate exact costs, one thing is undeniable – system integration is extremely expensive to maintain. Add to this the delays in information caused by databases being synchronised, operational downtime resulting from systems being updated, increased support requirements and increased license costs, etc. In other words, a major increase in Total Cost of Ownership.