Document Management Blog



Accounts Payable Trends

Category: Blog   |   Tags: ,

Rather surprisingly (or not), accounts payables trends in North America show that many organizations are behind those in other countries when it comes to digital transformation and back-office digitalization.  That’s one of the observations in the 2019 Payables Insight Report from Levvel Research, sponsored in part by DocStar. Levvel Research finds that the lag in North America is greatly due to differences in tax structure and regulation.  In Europe and Latin America, the use of electronic invoices is regulated to ensure compliance with value-added tax laws.  In North America, taxes are primarily based on sales and income. There is some … Continue reading


Best Enterprise Content Management Platforms

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Finding the best enterprise content management platform is not easy.  These solutions can vary greatly, and what’s important to one company may not be as important to another.  But there are key performance indicators that evaluators can use when looking for the right solution. There are a number of review sites where actual ECM users comment on their likes and dislikes, and rate their experiences in areas that include: Ease of use Features and functionality Customer support Value for price User interface and experience We recently looked at reviews found on G2 Crowd, Capterra, Software Advice, IT Central Station and … Continue reading


What is HR Automation?

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Human resources automation uses software to digitize and streamline the processing of document-centric tasks, providing HR departments with improved efficiency and reduced cycle time, while reducing the potential for human error. By digitizing and automating the most tedious, mundane, time-consuming functions, HR personnel can concentrate their time on strategic initiatives that provide value to the company, rather than just filling out and filing required paperwork. What’s more, HR automation can ensure the requisite security and privacy controls are in place to safeguard sensitive information and support corporate governance and regulatory compliance requirements. Advantages HR automation can offer companies include: Automating … Continue reading


Document Scanning

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Document scanning is the rather straightforward process of creating a digital document from a paper document, and it’s essential for any document management strategy as organizations still receive paper documents. Case in point – invoices.  According to Levvel Research, small-to-medium enterprises receive 48% of their invoices on paper.  In the middle-market space (defined as companies with $2 billion to $100 billion in annual revenue), 41% of invoices are presented on paper, while larger enterprises receive 22% of invoices on paper. Once an invoice is received, 57% of all companies use a manual data entry process to enter the information into … Continue reading


What is Order to Cash?

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Order to Cash, commonly abbreviated as O2C, provides users with a process to follow an order all the way from initial order receipt through payment. Fully developed, O2C enables an organization to move automatically through these steps in the order process: Customer onboarding/sales order creation Sales order release and inventory reservation Packing and releasing items Shipping Invoicing Payment receipt More robust 02C systems will also trigger ancillary value-added processes outside of the O2C stream, including collections for late payments and follow-up marketing efforts. Order to cash is critical for organizations in an increasingly digital economy because the more efficient and … Continue reading