Category

Invoice Processing

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

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

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

accounts payable utility bill

Tackling the Challenges of AP Processing

By | Financial and Accounting, Invoice Processing | No Comments

Your accounts payable department is responsible for handling the flow of your business’ finances. Ensuring that the AP process is accurate and efficient allows you to maximize your ROI and maintain a positive relationship with vendors. As a business grows, the inefficiencies of manually processing invoices in-house quickly become apparent – not only is this a slow process, but it also becomes costly to manage. In this blog post, we identify some of the challenges ap processing such as having an overqualified team manage your accounts payables. Read More

How Does Accounts Payable Automation Improve Invoice Processing

How Does Accounts Payable Automation Improve Invoice Processing?

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

One of the biggest challenges of invoice processing is the time consuming in-house process which requires multiple users to enter data into various document management and software systems. Invoices need to be received, reviewed, and approved before payments can be made making turnaround time and accuracy very important. So how does outsourcing accounts payable automation services improve your business? Read More

data processing data analysis

Financial Industries Meet Demands through Outsourcing

By | Data Entry Services, Document Processing, Financial and Accounting, Invoice Processing | No Comments

The financial sector plays a large role in both businesses and individual customers who are looking for various financial services. Loans provide the flexibility they need to help their investments grow, and in response, this industry skyrocketed requiring these companies to find a way to meet expectations and demands for loan processing. Read More

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