Invoice processing automation has been around for years yet almost 50% of organizations still process paper invoices manually. Why do they continue to accept lost invoices, missed early payment discounts and a lack of management visibility into the efficiency of this critical business process? Many believe that invoice processing automation is too complex and too…
According to the whitepaper Automating AP/AR Financial Processes published by the Association for Information and Image Management (AIIM), accounts payable continues to be an inefficient cost center for companies where, “leaving money on the table from missed discounts or disputed transactions, and slow collection can put huge pressure on cash flows.” To alleviate these issues,…
Automation, Document Management
An Inc. magazine article, “How to Automate Your Business for Fast Growth,” features an 8-step plan on how businesses large and small can introduce and implement automation. As a document management solution provider, we’ve adapted these eight steps to show how you can automate business processes with document management and workflow automation software: Automate the…
Document scanning is the first step for cutting costs and improving process efficiency but is useless if you cannot find the scanned files afterwards. How can you ensure that your employees can reliably locate critical documents and information quickly and easily after scanning? In a word: indexing. What Is Indexing? Indexing scanned documents involves capturing…
In all of our years of scanning, one of the most difficult types of paper to scan that we’ve encountered is onionskin—a thin, almost translucent form of cotton that looks and feels a bit like the skin of an onion. Because of its lightweight yet surprisingly durable construction, onionskin was commonly used in the past…
Even for organizations that have implemented some combination of document scanning and document management, incorporating receipts into the expense management process can be a major headache for all involved: those employees incurring expenses, their supervisors needing to approve them, and for accounting who needs to make these receipts available to auditors. Time Consuming & Tedious…
It’s tempting to consider using the document scanning company that offers the lowest price per page or per box. But can the lowest price be too good to be true? Though price is always important, it is only one component of the entire cost. What’s in a Price There are several important steps to the…
With the advent of inexpensive yet powerful desktop scanners and easy to use point-and-click capture software, paper documents no longer need to be transported to and scanned at a company’s central facility. Document scanning and indexing can now be performed locally on-site (at multiple locations or branch offices) by anyone instead of dedicated scanner operators…
Document Management, Document Scanning
According to the Urban Institute, the nonprofit sector in the US has increased 25%, from 1.26 million nonprofit organizations in 2001 to 1.57 million in 2011, surpassing both commercial and government growth. There are 28,000 nonprofits in New York City alone, whose employees represent 14% of the City’s workforce (528,000 employees) and combined annual expenditure…