Category

Document Processing

As volumes fluctuate document processing becomes more challenging. Often times documents such as applications, invoices, or even utility bills need to be entered in real time. With tight deadlines and limited staffing, businesses choose to outsource their document processing tasks in order to increase productivity, efficiency, and their bottom line.

Discover the Benefits of Automated Utility Bill Management 

Discover the Benefits of Automated Utility Bill Management 

By Business Process Outsourcing, Utility Bill Processing
In today’s business world, constant reinvention and transformation are a must for all businesses whether large or small. Many organizations, while adopting the latest automation technology to improve front-end operations, tend to overlook essential back-office functions like utility bill management, letting these processes continue as they were.

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What Are the Top 4 Outsourced Finance and Accounting Processes?

By Automation, Business Process Outsourcing, Financial and Accounting, Invoice Processing

Businesses are relying on outsourcing to provide a more cost-effective and efficient solution for the wide-ranging tasks of Finance and Accounting. For many businesses, finance-related tasks, such as accounts payable, are time-consuming and repetitive. Outsourced Finance and Accounting Processes allow businesses to focus on business growth. Read More

finance and accounting

Outsource Your Entire Concur Process

By Invoice Processing

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

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

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

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

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

How to Streamline Utility Consumption and Sustainability Reporting

How to Streamline Utility Consumption and Sustainability Reporting

By Business Trends, Document Processing, Utility Bill Processing

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

Top 5 Technologies Impacting Utility Bill Processing

Top 5 Technologies Impacting Utility Bill Processing

By Business Trends, Document Processing, Utility Bill Processing

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

automating utility bill processing

How Does Automating Utility Bill Processing Provide Business Value?

By Document Processing, Utility Bill Processing

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