Do you have an interface built between your ERP and Banking software that allows for establishing of new vendors (with banking information) efficiency in the bank software after set up in the ERP?
Why would you need them set up in the bank? You execute your disbursement from your ERP and there should be an integration with your bank to securely send the data for cheque, ACH/EFT, or wire.
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In light of the findings from the 2023 IT Skills and Salary Report from Skillsoft, which highlighted a significant skills gap in AI and ML among IT teams, what is your organization’s primary strategy for addressing this challenge?
Why would you need them set up in the bank? You execute your disbursement from your ERP and there should be an integration with your bank to securely send the data for cheque, ACH/EFT, or wire.