Automating the AP process delivers indisputable value in the form of reduced transaction costs, increased control over payment timing, and traceability through the AP process. Many studies have validated the value various technology solutions can bring to the AP process, but it is important to examine your practices to balance the right mix of automation technology. These same studies have shown that best-in-class organizations using moderate to high levels of AP automation have seen their invoice processing costs shrink by 83%.
Offsite paper records storage can help you lower your operating costs, improve employee productivity, create more value from information assets, and protect your organization from the risks of litigation, audit, and disaster.
Came across across an excellent article out on The Paperless Project website titled "Tips for a Paper-Free Business: Capturing Document Data" and wanted to share. This particular article focuses on three distinct areas of capturing document data: Bar code recognition, optical character recognition (OCR), and database lookups. Click here to access the full article.