Document Management Blog

Currently Browsing Tag: AP Processing

AP Automation Series: Optimize Indexing in Your Enterprise Document Management System

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In Chapter One of this series, we outlined the Benefits and Capabilities of Document Management Technology and reviewed the elements of a basic content management system, including invoice capturing, indexing, workflow and storage, and how to implement DMS as a simple first step in the automated AP process. In Chapter Two, we discussed Utilizing Different Levels of Data Capture For Ease and Efficiency, including an overview of how various technologies can read data and how this information is shared from basic capture with structured templates to more advanced technology like barcode readers, Optical Character Recognition (OCR) and Intelligent Data Capture … 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

The Cost of Not Updating Accounts Payable Technology

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If you have ever been concerned about the cost of not updating the technology used in your business, have you ever considered the cost of not updating it? When Collier Restaurant Group initially approached DocStar, their existing platform was creating more trouble than it was worth. With nearly 600 employees, the firm owns and operates 14 establishments under six different brands, including nationally recognized names such as TGI Fridays, Golden Corral and The Melting Pot. As Collier’s CFO, Royce Pruitt, explained, “The initial platform was falling down, crashing all the time. It was given to us by a reseller. He’d … Continue reading

Weekly Roundup – AP Automation Webinar, Make Employee Onboarding Easier, Why Healthcare Organizations Must Automate AP, Do Your Business Processes Need A Spring Cleanup?

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Making the Case to Automate AP… It’s About Time. Webinar with PayStream Advisors Accounts payable departments are under constant pressure to speed up approval cycles and increase working capital—without hiring additional staff. You know a paperless workflow solution is the key to AP automation, but you are having a hard time convincing decision-makers it’s time to make the investment and start working smarter. Join Henry Ijams of PayStream Advisors and Eric McCracken of DocStar for a 30-minute discussion on the strategies used by hundreds of world-class AP department leaders surveyed by PayStream’s analysts for building and presenting a strong business case … Continue reading

Weekly Roundup – Faster AP Invoice Approval Boosts the Bottom Line, Six Ways to Improve Inventory Management, 12 Things Enterprises Don’t Know They Can Automate

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Faster AP Invoice Approval Boosts the Bottom Line Still working with paper? Things like making photocopies, finding lost and misfiled documentation, and manually processing paper all take a toll on the process. According to Business Finance magazine, the average cost of manually processing an invoice is around $20 versus $4 for automated processing. The opportunity for savings and improvement is even greater for small and mid-sized organizations. Read the entire article Six Ways to Improve Inventory Management ERP enables a company to optimize inventory levels through the identification of when to purchase to fulfill demand, ideal allocation both in stock … Continue reading