Every day you interact with customers and vendors to keep your business moving. Your ability to process and pay invoices in a timely manner is critical to business continuity, however, a study by the Institute of Financial Operations found that 71% of organisations still reply on paper to store and process invoices. This manual process increases chances for errors and non-compliance. Instead of focusing on revenue-generating activities, account departments have to track down paper invoices, physically submit documents for approval and compile time-consuming reports and still payments are late!
Accounts payable automation will expand your controls, visibility and tracking, streamline accounts payable processes and improve the monthly financial close.
With PaperfortTM Workflow Automation powered by Laserfiche, you can track and annotate invoices and purchase orders online, eliminating paper processes and the onus of low-value work on your staff.
Accounts Payable automation can also:
* Avoid routine touches, use your time to handle exceptions
* Shorten your processing cycle
* Reduce errors
An Ascentas Scan Centre operates with 100% Kodak Document Scanners and utilises the latest Kodak i5800 & i4500 scanners allowing us to scan millions of images per month. This is ideal for high volumes scanning such as invoices and digital mail room scanning.
We index each document which has been scanned through our centre to your exact index requirements. From one index field/file name to multiple fields. Barcode recognition, zonal OCR and database lookup can ensure data integrity at the index stage.
For further details on how Ascentas can help you reduce the cost of invoice and accounts management, contact one of our team today on 0800 075 2625
Tell us what service you require and we will call you back to discuss your needs