Winning the AP Game with Mekorma’s Embedded Solutions for Professional Sports Organizations

Every Professional Sports organization knows that preparation and strategy are vital to success. While the reps of an Accounts Payable team aren't as glamorous as the players, their work is still a key part of the organization’s health and wellbeing. 

No one wants the game to come to a halt because of delayed payments. In the AP department, your game plan is to make sure everyone gets paid, and all company expenses are handled accurately and on time.  

But the weekly pay run can be overwhelming. 

Every day, there are a multitude of transactions happening simultaneously across various entities. From staff and player expenses to equipment purchases, payroll, souvenirs, food and beverage vendors, contractors and facility management, the list can feel nearly endless. 

The 3 Top Challenges of Multi-Entity AP Management in Professional Sports  

For Professional Sports Organizations, AP is fast-paced and complex. The high-volume of transactions across multiple categories can lead to errors or delays, especially when payments are handled manually.  

Operational risks plenty at this level of the Accounts Payable game. Delayed payments impact operations, compliance requirements, vendor relationships, and player satisfaction.  

Main Challenges: 

1. High Transaction Volumes

2. Manual Overload Resulting in High Incidence of Error

3. Numerous Operational Risks 

With stakes this high, it’s important to find a strategy that works for your team and sets you up for success. 

Change the Game with Mekorma’s Embedded AP Solution

For Professional Sports organizations looking to level up their AP playbook, Mekorma is in your corner. With our fully embedded AP solutions (on Microsoft D365 Business Central and Dynamics GP), we bring a range of features to help you tackle AP stress with intuitive, embedded solutions that will transform your payment processes and get your team ready to kick the winning goal, including: 

• Automated Invoice Processing & Approvals: Eliminate manual bottlenecks and maximize efficiency. Mekorma invoice capture automatically digitizes invoices, getting them ready for processing quickly. Plus, utilize Power Approvals (on GP) or Mobile Workflows (on Business Central) to allow your team to easily approve payments from anywhere! 

• Multi-Entity Management on One Screen: With the Mekorma Action Board you get a single, unified view for tracking and approving all payments across multiple entities. Like a payment team huddle, you can get a full overview of all transactions coming or going and plan your next move with clarity. 

• Secure and Compliant Payments: Mekorma Payment Hub includes Vendor Validation to improve your vendor management while fighting against fraud. Mekorma Vendor Validation reviews all your vendor data automatically, ensuring accuracy of vendor provided TIN and address. This feature also checks for OFAC compliance, giving you the option to pause payments while you take the time to follow up on flagged vendors.  

• Real-Time Payments with Remote Payment Services (RPS): To help keep your eye on the ball and support your vendor relationships, take advantage of Mekorma RPS, allowing you to process payments through ACH, virtual credit card and more.  
  

The Winning Play: Embedded Functionality for Maximum Efficiency

With Mekorma, the solutions are seamlessly embedded within your ERP system—no external software, no added complexity and no need to learn a new system. If you work in the exciting world of professional sports, we’re here to help reduce your AP team’s workload and minimize approval delays to keep your team functioning at its best. We think that's a slam dunk!

Our solutions for Microsoft D365 Business Central and Dynamics GP have been thoughtfully designed to help improve your organization’s financial accuracy, reduce manual errors, and cut repetitive tasks to keep your payments in top shape.  

Everyone loves a good game plan and we’re here to help lighten the load so you can be ready for game day, any day. Watch our video below to see how Mekorma changes the game for Pro Sports AP!