Document Management Webinars

Currently Browsing Tag: AP Process

Find Cash in Your AP Department with Automation | Webinar Replay

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Watch the Video On Demand Now. Learn how companies just like yours are using AP Automation tools to: Reduce AP processing time Capture more early payment discounts Mitigate lost invoices Streamline workflow Presented by Eric McCracken Eric McCracken, AP Practice Leader at DocStar, is a seasoned information technology executive helping businesses across all industries save money and improve efficiency by automating a variety of business processes. Eric’s “real world” experience as a senior level executive in finance and accounting, ISO and Six Sigma manufacturing operations, give him a unique perspective into the day-to-day challenges that financial professionals face, enabling him … Continue reading

AP Automation Series: Levels of Data Capture for Ease & Efficiency in Accounts Payable

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In our last post in our AP Automation series, discussed the elements of a basic content management system, including invoice capturing, indexing, workflow and storage and how to implement as a very easy first step in the electronic AP Process. In this post we will provide an overview of how various technologies can read data and how this information is shared. Additionally, we’ll explain  basic capture with structured templates to more advanced technology like barcode readers, Optical Character Recognition and Intelligent Data Capture, and the benefits of each. Now that we understand the basic elements of a Document Management System, we … Continue reading

AP Automation Series: Benefits and Capabilities of Document Management Technology

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In this 2nd post in our AP Automation Series, we will explain the elements of a basic content management system, including invoice capturing, indexing,workflow and storage and how to implement as a very easy first step in the electronic AP Process.  What is a Document Management System? A Document Management System,(DMS) also known as Enterprise Content Management (ECM) is a technology that is often the first step for many businesses trying to automate their AP process.  When we look at the costs associated with a single invoice, a significant reduction occurs when you automate the AP process. Even with a … Continue reading

AP Automation Series: How Much AP Automation Do You Need?

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No matter what business you are in – healthcare or law, automotive or manufacturing, Accounts Payable (AP) is central to your finance department. Traditionally mired in mounds of paperwork and suffering from the inefficiencies of manual processing, many AP departments have thrown up their hands in frustration while other areas of the business benefit from newer systems and better technology.  Businesses now have access to software to streamline everything from sales and marketing to HR, AR, payroll and customer communication. But too many times the AP team gets left in the dust. So what is the answer for AP? It’s … Continue reading

Developing Your P2P Automation Strategy with a Team

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In most major buying decisions, it is important to for organizations to remember that the process is just as important as the people. It’s likely that you have identified the benefits for the implementation of a P2P or AP Automation system and have began number crunching the ROI. And while everything seems to be going according to plan, have you taken the time to consider who will produce this plan? P2P expert Stephanie Dula writes in her PayStream article: “Given that integration of all of the processes along the P2P continuum, it’s no surprise that any successful project will involve a … Continue reading