There is no doubt that an Integrated invoice processing platform is much better than a paper-based invoice system. Not only is a manual or paper-based invoice system more prone to errors, but it is also time-consuming and expensive as well. Most growing businesses turn to invoice workflow and invoice processing systems to streamline the process of generating invoices and avoid human error as much as possible.
A Low code platform allows users to create such applications via graphical user interface or through configuration, instead of the traditional and tedious computer programming method.
On one extreme of the same spectrum is a no-code platform, which requires no coding at all. Instead, users, who are often non-programmers, use automation tools, forms, and other various methods for putting in data in a predefined, easy to understand, and efficient structure. Although this sort of platform is much easier to use and can be used efficiently even by the layman, it is limited in its complexity. You cannot expect to create a highly sophisticated app with a no-code platform.
The other end of the spectrum is DSLs (Domain-specific language). This code platform allows the creation of complex programs and applications but requires prior coding knowledge. Such platforms help to translate the particular knowledge of a certain business, into codes. This can then be further used and manipulated in an efficient way by enterprises.
Somewhere in between these two extremes lies the low code platform. Allowing companies to create applications that are more complex and uniquely specific to their purpose, but with a slightly more complicated process than the no-code platform. All you have to do is visit the site for a low-code to get started.
In this article, we will explore whether a low code platform can be used by businesses to generate an integrated invoice system. If your enterprise is looking to generate a processing accounting platform in the form of an efficient invoice system, then read on to find out whether a low code platform would be a good option for you.
Can We Use Integrated Invoice Processing With A Low Code Platform?
As mentioned before, the level of sophistication and specification increases as the amount of coding increases. However, for operational software such as an invoice processing system, the use of a low code platform is perfect in terms of complexity, efficiency, and cost.
Generally speaking, a low-code platform is excellent for programs that need a fast time-to-market, and that benefit from standard, simple interfaces.
A low-code platform can enable organizations to utilize the skills and knowledge of domain experts all throughout the lifecycle of the operational efficiency app, continuously working on development and upgrades. Such platforms also allow various connectors to be used that allow easy integration of the app with internal record systems. Streamlining the entire process and making the invoice processing system much more accurate and reliable.
A DSL platform can also be used to build an invoice system. But the drawback here is that the increased level of sophistication may cause the app to be harder to use and more expensive to build as well whereas a no-code platform might result in an app that is too simple and does not fulfill all the basic requirements of a fully integrated invoice processing system.
Pros Of Using Low Code Platform
● A Low Code Platform Can Help To Fight Shadow It
Shadow IT is a term that refers to the smaller IT systems in an organization other than the central IT department. Such IT departments often bloom to try to provide a solution for some of the central IT department’s shortcomings. However, in an effort to provide fast solutions, such smaller IT departments often, though not always, produce faulty or inefficient software. With the use of the central IT department-approved low code platforms, a more standardized and monitored app system can be created.
● Faster Delivery Of Solutions
A low code platform provides an excellent opportunity for the quick delivery of solutions. Whether the issue is operational efficiency, such as the manual invoice generation, or other. A low code platform can quickly provide a formidable solution that is easy to approach and implement.
● Low Code Platforms Can Be Used By People With Little To No Coding Skills
The best part about using a low code platform is that it can be operated by a person of low IT knowledge as well. The platform is relatively easy to understand and use, which is a huge positive for companies.
● Seamless Integration With Financial Systems
Using a simple connector, apps made with low code platforms, such as an invoice processing system, can easily be integrated with the processing accounting system of the organization.
● Promote Consistency And Innovation
Low code platforms enable the development of a consistent yet innovative application for invoice processing
● Lower Cost
Compared to hiring a new IT team and using expensive programs, developing apps through a low code platform is relatively less expensive
● Easy Development And Upgradability
You can easily develop, and upgrade apps made with low code platforms with the help of domain experts
Cons Of Using Low Code Platform
● Fewer Customizations
As expected, you can’t always have the app turn out exactly the way you want with a low code platform. Such platforms are excellent for the generation of standard, easy to use apps. However, if you want a highly sophisticated and customized application, you should perhaps look at another coding platform.
● Vendor Lock-In Issues
Low code platforms make it difficult for users to step out of their zones. For example, it is easy to build a standard app that fits your requirements through a low code platform. But if at any point you need a customized feature that cannot be built through low code platforms, you’re stuck. Often times integrating custom codes can be just as costly, if not more, as building a custom code.
● Issues With Integration May Arise
Most low code platforms allow easy integration of apps through connectors. However, an issue may arise if, for some reason, you are unable to get a suitable connector.
● Issues With Reliability And Security
With custom code applications, you can be relatively certain of the level of security. After all, such apps are often created in house with numerous measures taken to prevent security breaches. The same, however, cannot be said for low code applications. Most applications created through a low code platform do have a substantial level of security and reliability. But they can never match the level of security which can be created through custom coding.
What Problems Does A Low Code Platform Help to Solve?
Low code platforms can be a great asset for enterprises as they help them improve their customer relations management and reduce developmental costs.
This is usually done in the following ways:
- Allowing non-developers to create custom apps, that are best suited to their need, through an easy to use software
- Aiding programmers to speed up the development of smaller applications through an efficient system
- Developing standard applications that are easy to use, integrate and understand
Conclusion
Low code platforms are an excellent way for enterprises to increase the level of innovation in their operations and further accelerate their business. One such way in which companies can make use of a low code platform is by generating applications such as an integrated invoice processing system. Such applications are imperative for increasing operational efficiency.
The platform allows an easy, albeit mainstream software to be built from scratch by people who have low coding knowledge.
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