accounts payable

Top 4 Ways Invoice Scanning Saves Staff Time

For most businesses, staff time is by far a company's most valuable resource. Consider the following ways that business invoice scanning can make your invoice input, payment, filing, and searching faster than ever, saving you time and money. 1. Automated input - Optical Character Recognition (OCR) software extracts critical document information—like vendor name, date, purchase order, amount due, etc.—and makes it instantly available in digital format. 2. Accounts payable integration - Once business invoice information [...]

Tech Expert Q&A – Improving Document Workflow for an Accounts Payable Department

Question: I am the CFO for a local construction company, and am in need of some advice regarding a solution for our mountain of paper that is moved through our organization every day. My highest priority is to streamline our Accounts Payable process so we can take advantage of all the discounts offered by our vendors.  Answer:  Vendors, and people you borrow money from offer you reasonable discounts and low interest rates if you can pay them [...]

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