Hint… Automating your AP Processes with Enterprise Content Management can reduce manual work, increase accuracy and create accountability.
If you are an Accounts Payable Manager, it is very likely that you have been asked or will be asked to identify challenges to your department’s expeditious payment of invoices. More than likely that may be followed by a request to propose a solution which can help address these challenges and create greater efficiency within the department.What if you could propose a solution that could provide your department with improved efficiency, workflow capabilities to create both transparency and accountability and less manual entry to enhance the accuracy of the data? With an Enterprise Content Management (ECM) system that solution can become a reality.
An ECM solution, such as OnBase by Hyland, allows you to address this challenge and more. With an ECM solution, you can capture invoices electronically – whether fax, mail, email, EDI, scanned image, etc. and then deliver these invoices to the appropriate people within the organization for review, approval and coding while also extracting pertinent data from the invoice to be automatically uploaded into your business system. All of this can be done with little human interaction. So, not only can you automate what has been manual in the past, you can create transparency and accountability for documents moving through the system for payment.
By electronically managing the documents and information that drive Accounts Payable processes, you can maximize the benefits of fast and accurate invoice processing. Additionally, your organization may benefit from improved vendor relationships and he ability to capture early payment discounts.
Fore more information visit our ECM page