ARDEM Blog on Business Process Automation Services

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July 22, 2019
1
inventory-management-systems

Top 7 Inventory Management Tips for Ecommerce Retail Business

By | Business Process Outsourcing, Data Entry Services, Logistics, Retail | No Comments

Ecommerce is one of the largest and most successful online businesses today, turning in massive profits daily. However, the amount of data tracking and management strategy that goes into its daily routine can be a bit overwhelming. The inventory management process is one of the most challenging aspects of running an eCommerce business. This is obviously due to a large number of products and commodities being constantly tracked, an oversight is always a possibility and this is why one must have well-structured inventory management solutions to scale availability of products, scarcity, up-sales and other parameters of the business. Read More

June 17, 2019
2
finance and accounting

Outsource Your Entire Concur Process

By | Invoice Processing | No Comments

Managing invoice processing can become quite a daunting task especially when a business starts to grow. As a result, it is common for businesses to utilize software such as Concur to help simplify the process and increase visibility. So why do businesses outsource their entire Concur expense management process? While the software helps to centralize the invoicing process, it still requires a good amount of time and effort for staff members to ensure accuracy. Internal resources already swamped with other tasks means the additional effort to balance both quality standards and deadlines can be difficult to maintain. Read More

May 16, 2019
2
data entry

5 Ways to Achieve Accurate Data Entry

By | Business Trends, Data Entry Services | No Comments

Data entry is an essential part of any business. When data is analyzed, it can provide valuable insight to help drive business initiatives. In order for data to be valuable, it must be accurate. Many businesses implement a manual data entry process but find that trying to balancing both data quality and consistency is a difficult task. Large volumes of data entry need to be organized and completed with quick cycle time in order to maintain its value and achieve accurate data entry. Since human error is one of the most common reasons for inaccurate data, how do businesses ensure the accuracy of their data entry tasks? Read More

May 2, 2019
2
What Are the Best Practices to Automate Your Accounts Payable?

What Are the Best Practices to Automate Your Accounts Payable?

By | Business Trends, Document Processing, Financial and Accounting, Invoice Processing | No Comments

The average accounts payable workflow is embroiled by a repetitive and time-consuming process. With an automated solution, it allows businesses to better utilize and allocate their resources to maximize business efficiency. Lack of visibility increases the risk of errors and lost invoices which further increases the cost to process an invoice. Accounts payable departments are pressured with the need for real-time data, shorter cycle times, and lower operational costs. So, what are the best practices to automate your accounts payable process? Read More

April 15, 2019
2
Can OCR Automate Your Invoice and Utility Bill Processing?

Can OCR Automate Your Invoice and Utility Bill Processing?

By | Data Entry Services, Document Processing, Invoice Processing, Utility Bill Processing | No Comments

OCR (Optical Character Recognition) works by converting images of handwritten or printed text into machine-encoded text. This text is made readable by machines and aims to automate data extraction through data capture technology. While this technology is used widely today,  it does require some manual effort in order to produce the highest amount of accuracy, especially with utility bill auditing. Depending on the quality of the handwritten or printed text, OCR technology may choose a specific character based on what it determines is the best match. So how well does OCR automate your invoice and utility bill processing? Read More

April 4, 2019
2
How to Streamline Utility Consumption and Sustainability Reporting

How to Streamline Utility Consumption and Sustainability Reporting

By | Business Trends, Document Processing, Utility Bill Processing | No Comments

Organizations are taking the initiative to collect data on utility consumption in order to provide sustainability reports to help improve their impact on society. The majority of the large cities in the US have different benchmarking ordinances that require large commercial, industrial, and multi-family properties to report their benchmarking compliance statistics. One of the challenges that these organizations find is that there is a large manual effort required when collecting and organizing the data to analyze for utility bill data management. As a result, organizations are searching for more cost-effective solutions for utility consumption and sustainability reporting. Read More

April 4, 2019
3
Top 5 Technologies Impacting Utility Bill Processing

Top 5 Technologies Impacting Utility Bill Processing

By | Business Trends, Document Processing, Utility Bill Processing | No Comments

Data entry is the most commonly implemented method of utility bill processing. However, traditional data entry methods are incredibly inefficient. While there have been improvements over time, many businesses are still inefficiently entering utility bills by hand. This slow and redundant process has a higher likelihood for errors and a slower cycle time increases the chance of late payments. With the rise in automation technology, businesses have been finding solutions to utilize technologies impacting utility bill processing. Read More

March 27, 2019
2
automating utility bill processing

How Does Automating Utility Bill Processing Provide Business Value?

By | Document Processing, Utility Bill Processing | No Comments

Businesses, especially ones that operate multiple buildings and facilities, know that utility expenses account for a fair amount of their overall operating costs. In addition, manually processing these utility bills is time-consuming and runs the risk of errors which can end up adding additional fees. Automating utility bill processing streamlines your process for efficient utility invoice management across multiple locations to improve visibility and reporting. By reducing the cycle time, accuracy, and efficiency, businesses gain a competitive edge while maintaining a lean team. Read More

March 14, 2019
4
What Are the Challenges of Utility Data Collection?

What Are the Challenges of Utility Data Collection?

By | Document Processing, Utility Bill Processing | No Comments

The need for data has been rising in demand for utility and sustainability providers. Utility data provides important historical and trend data that allows businesses to analyze and forecast usage as well as flag any discrepancies that may arise in a bill. As a result, there is increasing pressure for these companies to build a growing database of utility data that provides greater visibility. The challenge many of these companies are facing comes from the manual nature of collecting bills and entering them into a system. Utility bill management often requires collecting and normalizing data. In order to overcome the challenges of utility data collection, utility solution providers are searching for a more automated solution. Read More

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