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Currently Browsing Tag: AP Automation

Relay Racing and AP: Winning Teams Excel in the Art of the Exchange

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Microsoft Dynamics users are a large and growing part of the DocStar user base – and with good reason. The Dynamics/DocStar combination drives enhanced value and return on investment by automating and streamlining mission-critical processes with tight integration to your Dynamics platform. Via this seamless integration, there’s a smooth hand-off of information. This smooth hand-off got us thinking about the art of the exchange. In a relay race, it’s essential to pass the baton to the next runner as seamlessly and as efficiently as possible. A poorly executed exchange can cost a team the race and, in some circumstances, an … Continue reading

Mission Possible: Reinventing Invoice Automation

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Accounts Payable (AP) is growing in importance in the fast-paced business world. However, due to outdated technology and manual invoice processing, many AP departments are unable to evolve from cost center to value generator. Aberdeen Group’s survey report, “Reap the Benefits of Invoice Excellence with AP Automation,” highlights the state of AP Automation today. Aberdeen reports that forty percent of respondents said that the need for real-time availability of data is a top challenge in AP, and twenty-nine stated difficulty locating and managing paper-based documents. AP teams need to be able to jump into next-generation invoice automation keep up with … Continue reading

Stand Apart From Your Peers with Accounts Payable Automation

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Are you wondering how your Accounts Payable department can stand out from your peers? Ardent Partners conducted a study to determine an industry-wide view of accounts payable (AP). Manual invoice processing and paper process inefficiencies were found to be two of the biggest challenges facing AP departments. There are several main indicators which allow companies to determine efficiency. The researchers found the mean of each indicator for all the companies participating in their study. • Average cost per invoice – $14.21 • Average invoices per FTE – 2,308 • Average invoice cycle time – 12.4 days • Average invoice exception … Continue reading

Automation Benefits AP Department Performance

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When a company increases accounts payable it generally means there is also an increase in products or services. Businesses should aim to increase efficiency while also increasing output. A common predicament is having to deal with the growing number of transactions without losing productivity. A recent survey conducted by the Aberdeen Group reported the following: 42% of respondents stated that they need to be able to better manage their growing number of transactions 35% said they needed to “expedite financial information delivery” 40% listed the need for real time availability of data as a major challenge 33% had problems processing … Continue reading

Platinum Sponsor DocStar to Introduce DocStar ECM Forms at GPUG Summit

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Business Critical Forms Available Electronically in DocStar ECM Tampa, FL – September 27, 2016 – DocStar, an award-winning developer of Document Management (DMS), Enterprise Content Management (ECM) and automated accounts payable software will showcase its DocStar ECM solutions at GPUG Summit 2016 on October 14-17. DocStar will also introduce DocStar ECM Forms, our newly launched electronic forms module which empowers organizations to work even smarter with every form at their fingertips, from any location and any device. “DocStar’s DMS with electronic forms is integrated with the Dynamics family of ERP products to deliver a complete end-to-end AP Automation process. The solution … Continue reading