By Roman H. Kepczyk
Quantum of Paperless
Processing accounts payable is another of the manually intensive processes within the firm’s administrative department that can be significantly streamlined through digital processes.
MORE ON TECH SPENDING: Remote Banking Offers Instant ROI | Deliver All Reports Digitally | How Audit Field Equipment Has Changed | Optimize Scanning Applications and Procedures | Document Management Requires Firm Standards | Why Unified Messaging Matters | Get in Front of Application Updates | Why You Need Offsite Backup | Use Scanners to Capture Source Documents
Exclusively for PRO Members. Log in here or upgrade to PRO today.
Consider how many “touches” a single payable creates: receipt of the invoice, timing of payment in a folder, writing the check and attaching the stub, sending it to an owner for signature, filing a copy of check with backup in its own folder, and stuffing, sealing and sending the check to the vendor. Now imagine doing this a hundred times per month, every month. Imagine the volume of physical accounts payable vendor files both onsite and in storage, that can be eliminated by storing these images digitally.
READ MORE →