Supplier Invoice Processing and Approval
Most companies run a pretty tight ship. A typical manufacturing company may have streamlined its staffing costs, reduced the administration overhead, installed, setup manufacturing partners and perhaps started selling products and services over the web.
But, walk into any company, large or small, and you'll still find an accounts team processing paper invoices. Ok, some large organisations have invested heavily in e-Business initiatives, Document management software or perhaps even EDI; but when you dig a little deeper there are still paper invoices being printed, edited and scanned every day.
We all understand that manually processing paper invoices is time-consuming and expensive (typically costs in the range of £3 to £5), but we deal with it every day.
So, if your business is manually processing invoices, read on or click here to for pricing & ROI (return-on-investment) information.
4 stage process to streamline the processing of purchase invoices.
Crafting the Perfect Invoice
This whitepaper considers the true
cost to deliver a business to business
(B2B) invoice and proposes a flexible
and innovative method (based around
the Pareto principle or 80/20 law) to
deliver invoices instantly, cost
effectively and with complete visibility.
SPAR Distributor makes fruitful savings in excess of £50,000
“Document Genetics had an off the shelf solution which meant we got what we needed quickly and with a rapid ROI." Tony Gummow, Financial Director
Savings came from paper, staffing and business process improvements.
Invoices Creeping Through the Backdoors
Visit any company and you'll still find an accounts team handling paper invoices. Some businesses have invested in e-Business initiatives, software and electronic portals; but when you dig a little deeper there are still paper invoices creeping in through the backdoor.
The Great Invoice Scanning Myth
After 25 years of working within this industry I have seen many challenges faced by businesses. Throughout this time a consistent challenge faced by companies surrounds the processing of invoices and I’d like to share some of my thoughts on this issue.