Every day, organizations receive high volumes of various types of documents from different channels that launch or continue internal business processes. Reviewing and interpreting these documents, entering data from them, and forwarding them on to others for further processing consumes company time and resources, which increases operating costs and negatively impacts customer and supplier...
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For nearly all lines of personal and commercial insurance, reducing the cost of claims processing is key to profitability. Reducing cycle time, the elapsed time from opening a claim to its settlement, is key to customer satisfaction. Moving to a fully automated process is a goal for claims processing of nearly all insurance executives.
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Accounts Payable (AP) exists largely in a paper-based world, though the tides are slowly changing. Enterprises are seeking ways to drive down volumes of incoming paper invoices and to migrate from traditional check payments to faster electronic alternatives.
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Most organisations have developed key performance indicators and metrics to help monitor and manage various aspects of their business. But too often, companies fail to track the most useful metrics on the health and operational efficiency of their business.
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Automating accounts payable transactions has delivered many cost and productivity benefits over the years by eliminating the clerical tasks associated with filing and processing invoices. Now the latest phase in the technology's evolution means new benefits for ClOs, CF0s and other senior managers thanks to integration with ERP applications and tools that provide an in-depth view of the accounts...
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Accounts Payables organisations are charged with reducing costs, improving performance, achieving regulatory compliance, increasing visibility and enabling the corporation’s strategic initiatives — all at the same time. The fundamental issue is not whether a company should strive for these goals but how well they can be accomplished.
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Paper invoices and manual processing continue to hamper accounts payable operations, keeping suppliers in the dark and failing to give finance the visibility it needs to actively manage the organisations’ cash positions. This study, conducted during March and April of 2011, profiles 130 enterprises at varying stages of AP maturity to identify what differentiates those achieving the greatest...
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The closer to the point of origin that content is captured, the faster it reaches the start of the downstream process. Distributed capture platforms have already extended the data entry point to include branch offices and subsidiaries, speeding up customer response and reducing the amount of physical handling required. The next step is to provide capture on mobile devices - in the field, on the...
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