The partnership between Mekorma, a leader in secure vendor compliance and payment solutions for Accounts Payable (AP) departments, and SignUp Software, a provider of top-notch Procure-to-Pay (P2P) and AP invoicing solutions, has been announced at the Directions North America conference in Las Vegas. This strategic alliance aims to deliver a fully integrated AP automation solution to the Microsoft 365 Business Central market, promising streamlined and more efficient financial operations for organizations. This collaboration seeks to modernize the AP process from invoice to payment using their combined expertise.
Benefits of Integration
The integration of Mekorma’s robust vendor validation and payment processing capabilities with SignUp Software’s expertise in invoice and expense automation brings substantial benefits. The fully integrated solution offers a seamless, secure, and scalable AP workflow. This will drive efficiency by ensuring that invoices are accurately matched with purchase orders and receipts, thus reducing the need for manual interventions and minimizing errors. Additionally, the automation promises to enhance vendor management through secure validation processes, ensuring only compliant vendors are engaged.
One key advantage of this integration is the potential for significant time savings. By automating repetitive and time-consuming tasks, AP departments can focus on more strategic activities, such as financial analysis and relationship management. Automation not only accelerates invoice processing times but also improves payment accuracy and timeliness, reducing the risk of late fees and optimizing cash flows. Consistent and accurate payment cycles enhance vendor relationships, fostering trust and reliability, which are vital for sustained business operations.
Collaborative Innovation
The partnership underscores both companies’ commitment to fostering meaningful relationships within the broader ISV ecosystem, blending their best-of-breed technologies to benefit their customers. Co-selling and joint support initiatives ensure customers receive comprehensive service and support while benefiting from continuous innovation. As both companies leverage their deep industry knowledge and extensive experience, customers can expect improvements in the AP automation landscape.
Ora Goldman, CEO of Mekorma, and Bob Monio, Director Partner & Sales SMB North America at SignUp Software, have emphasized the collaborative potential of this partnership. They highlight the complete and trusted AP workflow that will result from their union, providing mutual growth opportunities. With a focus on continuous development, both companies aim to keep their solutions at the forefront of technological advancements, ensuring customers always have access to the most current and effective automation tools available.
Market Presence and Impact
With solid reputations and extensive market presence, Mekorma and SignUp Software together serve a significant portion of the industry. Mekorma brings over three decades of experience in the Dynamics ERP space, while SignUp Software boasts a customer base of over 2,000 organizations across 65 countries. This strategic alliance not only strengthens their market positions but also emphasizes the importance of collaboration in driving innovation and efficiency in AP automation.
Their presence at the Directions NA conference, with Mekorma at Premier Sponsor Exhibit Booth 136 and SignUp Software at Diamond Sponsor Exhibit Booth 116, allows attendees to witness firsthand the integration of their solutions. These demonstrations provide valuable insights into how businesses can leverage this collaboration to modernize and streamline their financial operations. Interested organizations have the opportunity to engage in consultations and demos, gaining a deeper understanding of the benefits and functionalities of the integrated solution.
Future Considerations
Mekorma, a leader in secure vendor compliance and payment solutions for Accounts Payable (AP) departments, has announced a strategic partnership with SignUp Software, a renowned provider of Procure-to-Pay (P2P) and AP invoicing solutions, at the Directions North America conference in Las Vegas. This alliance is poised to offer a seamlessly integrated AP automation solution tailored for the Microsoft 365 Business Central market. The collaboration between these two industry leaders is set to revolutionize financial operations for organizations, promising enhanced efficiency and streamlined processes. With their combined expertise, they aim to modernize the entire AP workflow, from invoice management to payment execution. This partnership will not only improve accuracy and compliance but also ensure faster processing times and better financial control. Through this integration, businesses can expect to see significant improvements in productivity and cost savings, paving the way for a more innovative and efficient AP landscape.