Document Management Blog

Currently Browsing Tag: AP Automation


Accounts Payable Pain Points

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Manual processes create a lot of accounts payable pain points for organizations of all sizes.  In its 2019 Payables Insights Report, Levvel Research found that the top pain points across North American organizations include: Manual data entry and inefficient processes Manual routing of invoices for approvals Lost or missing invoices Majority of invoices received in paper format Lack of visibility into outstanding liabilities High number of discrepancies and exceptions Inability to approve invoices in time to capture discounts Decentralized AP processes Levvel found that organizations eliminate accounts payable pain points by automating their processes to create an invoice environment with … Continue reading


New Research Reveals the Key to Successful Midmarket Digital Transformation Begins with AP Automation

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With manual, inefficient, high-cost processes, accounts payable is an ideal starting point for digital transformation enabled by enterprise content management AUSTIN, Texas – May 9,2019 – Software Corporation, a global provider of industry-specific enterprise software to promote business growth, announced today new findings from sponsored research that provides insight on best-practices for digital transformation for midmarket companies, specifically how a focus on process improvement in accounts payable can provide cost and productivity windfalls to fuel expanded digital transformation efforts. The report from Levvel Research, Tackling AP Automation with a Holistic Document Management Approach: The Scaling Company’s Guide to Using Enterprise Content … Continue reading


Accounts Payable Trends

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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


Enterprise Content Management ROI

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Enterprise content management ROI is improved by leveraging an ECM investment as part of a broader digital transformation effort.  That’s one of the conclusions of the new Levvel Research report “Tackling AP Automation with a Holistic Document Management Approach.”  Subtitled “The Scaling Company’s Guide to Using Enterprise Content Management (ECM) for Digital Transformation,” the report focuses on the reality of AP automation in the middle market, the advantages of a holistic ECM platform, and the business case for ECM, all based on primary research. Levvel Research defines the middle market as companies with $2 billion to $100 billion in annual … Continue reading


What Does AP Automation Cost?

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What Does AP Automation Cost? If you’re asking “what does AP automation cost?” you’re asking the wrong question. Some companies may have held off on investing in new AP technologies, viewing these initiatives as adding to the overall cost of doing business, but the cost of doing nothing can be far greater. Legacy AP accounting systems are costing companies serious money in terms of processing costs, labor, talent recruitment and retention, and missed opportunities. Full Frontal Invoice Processing Costs The full cost of processing invoices includes everything from labor, systems, outsourcing, overhead and various miscellaneous expenses. Though stats vary by … Continue reading