Go Green with Document Management

Is Your A/P Department Operating at Its Full Potential? 

If your business is like most, your AP department is wasting time, money and ecological resources with processing paper invoices. You’ve probably heard about  the benefits of having a paperless accounts payable system, but with all the paper currently in AP, it seems downright impossible to go paperless.  Yet Accounting Process Improvement begins with paperless AP!

While switching to a paperless accounts payable process can be a challenge, those challenges can be mitigated by doing it right from the outset (and by using a knowledgeable vendor to help you make the switch). Going paperless in the accounts payable department has advantages across the board (check out the infographic below).

Tips for Efficient Invoice Processing

Manual invoice processing is tedious, time-consuming and error-prone.  When you add missed discounts and the potential for fraud in approval processes, it can also be costly.  Errors in quantity or price, invoice disputes due to wrong credits and payments, invoices submitted without purchase orders, duplicate invoices, errors in purchase order allocation and mis-matches in freight, are just some of the issues that your A/P department deals with daily.  All of this makes the time and effort required to pay your company’s bills disproportionate to the actual number of invoices paid.