Significantly Reduce Costs and Increase Productivity with
DocAgent for Accounts Payable
Accounts Payable (AP) departments in today's
global organizations operate under increasingly strict and
fluctuating requirements. From satisfying external customer
demands, to meeting increasingly stringent financial controls
and internal margins, much depends on the success and efficiency
of the AP team. The effective management of invoices significantly
impacts vendor relations and corporate profitability, and
the proper management of invoices can be the difference between
money saved and money lost!
Processing incoming invoices used to take
a lot of time and effort. Invoices arrive in the enterprise
in different formats, are manually captured, checked, and
sent for payment authorization. Valuable time is lost, because
invoices pass through several departments. Discounts for early
payments can no longer be taken advantage of, and reminders
may even result. Automating the invoice process provides enormous
potential; 70% of incoming mail is bills and 96% of invoice
processing involves keying data from paper. There is a solution:
DocAgent for Accounts Payable
-- the most effective way of capturing data from invoices
and collaborating that information into your financial system.
DocAgent for Accounts Payable is a complete
solution for the capture of supplier invoices, including scanning,
automatic data extraction, workflow,
and integration to the back-end financial system. By dramatically
reducing the burden of manual keying and time-consuming forwarding
of paper from one department to the next, AP Staff Members
can now focus on profit-optimizing functions. DocAgent for
Accounts Payable delivers huge productivity gains and a rapid
return on investment by eliminating the tedious tasks that
traditionally live in most enterprise AP departments.
DocAgent for Accounts Payable is based
on Digital Designs document management technology, ensuring
unparalleled performance and scalability. State-of-the-art
data capture technology is used to extract data to high degree
of accuracy, regardless of invoice layout -- users can even
improve extraction performance themselves over time through
the use of a learn-by-example interface. Invoices are then
routed throughout the enterprise for electronic routing and
approval.
Today's Executives Are Looking for Ways to Improve Business
Processes
The cost of maintaining a paper-based document
life cycle is very expensive to an enterprise. Studies show
that the average cost to process a paper-based invoice through
an organization is approximately $14. For this reason, today's
executives are seeking better methods to process business
functions to reduce costs, increase productivity, provide
visibility, while also employing best practices surrounded
by an auditable process.
Get More Information
Download our complete brochure here:
Call 800-948-6293 |
