Applications > AP Invoice Workflow

Paperless AP Invoice Workflow

The Business Challenge:

  • Are you, like most organizations, frustrated with the time and effort involved in processing vendor invoices?

  • Are you missing out on early payment discounts or are you having to pay late-payment penalties because of long approval cycles?

  • Could you benefit from having instant access to digitized copies of vendor invoices as well as their related purchase orders, contracts, packing slips, etc.

Some Surprising Facts

  • 70% of all inbound mail documents are bills. 4% are processed using Electronic Document Imaging, while the other 96% continue to be paper documents.

  • 25% of all invoices are typically paid late, resulting in late-payment penalties and surcharges.

  • It takes 12 days on average to process one invoice, at a cost of $34.00 per invoice.

The Solution:
DocAgent | Accounts Payable Invoice Processing

DocAgent for Accounts Payable is a complete solution for the capture of supplier invoices, including scanning, automatic data extraction, workflow, and integration with your enterprise financial system. By dramatically reducing the burden of manual keying and time-consuming forwarding of paper from one department to the next, your AP staff can process more invoices in less time with greater accuracy. 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' digital document management technology, ensuring unparalleled performance and scalability.  Optional state-of-the-art data capture technology automatically extracts invoice data eliminating manual data entry.  An intelligent learn-by-example interface even increases performance over time.  Invoices are then electronically routed throughout the enterprise for verification and approval.

Demonstration

 

Client Success with DocAgent Invoice Processing


Want More Information?

To download a PDF of our Product Sheet, click here.
Be sure to check out our upcoming Webinars. 
You can also download a White Paper on A/P Invoice Automation.

For more information on automating your Accounts Payable Invoice Processes, to schedule a free one-on-one consultation, or to find out more about our other Enterprise Document Management solutions, contact us today!

Digital Designs, Inc.
1501 Charlotte Avenue | Monroe, NC 28110
800.948.6293 ext. 123
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