How Document Management Makes Your Business More Efficient Part II. Accounts Receivable

Posted by Lauren Ford on Sep 4, 2014 10:23:04 AM

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From a manufacturer’s perspective, accounts receivable begins with the arrival of a purchase order. The AR department then manually keys the purchase information into a data application and generates a packing slip to ensure the order is properly fulfilled. Also known as a pick ticket, the packing slip provides a list of all goods to be pulled from the warehouse shelves, helping the AR staff ensure that everything ordered is ready to ship.

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Topics: Accounting, Document Management Software, Document Workflow, Integration, Security, Enterprise Content Management, Capture

How Document Management Makes Your Business More Efficient Part I. Accounts Payable

Posted by Lauren Ford on Aug 25, 2014 7:00:00 AM

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Every company has an accounts payable process, because every company needs to buy and sell in order to stay in business. A paper-intensive process, Accounts Payable departments ensure the timely and accurate payments of all invoices owed to suppliers. According to a 2011 Aberdeen Group study, the industry average to process one paper invoice from requisition through payment takes about 10 days and costs $12. But applying an Electronic Document Management solution enables businesses to cut paper management costs by streamlining invoice processing and payment automation. This in return, allows your accounting department to get more done, while utilizing fewer resources.

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Topics: Accounting, Document Management Software, Automation, Document Workflow, Enterprise Content Management, Capture

6 Reasons Why Your Accounting System's Built-in Document Management is Not Meeting Your Needs

Posted by Lauren Ford on Mar 4, 2014 7:51:36 AM

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Organizations of various industries implement electronic accounting systems to help keep bills straight while managing customer invoices and other bookkeeping processes. However, many of these users tend to misinterpret accounting systems as document management solutions.

Accounting systems do not focus on ECM strategies because that is not their core competency. Document management manufacturers are completely immersed in providing top of the line electronic content technologies including cutting-edge data capture solutions, document workflow, mobile access and more. These features are just the tip of the iceberg of what independent document management software delivers. So don’t be fooled by your accounting system’s built in document management, as it will fail to meet your needs.

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Topics: Paperless Office, Accounting, Document Management Software, Document Workflow, End User Experience, Scanning, Enterprise Content Management, Capture