Process automation has provided significant cost savings to thousands of companies worldwide. It’s a fact. Still, a recent study shows that only about 9% of AP professionals would classify their operations as highly automated. What about your company? When you hear other people discuss process automation, do you wonder how your organization’s processes could ever change? When I speak with...
Looking for ways for your organization to increase productivity and trim budgets? You’ve come to the right place.
DocuPhase’s “Business Process Automation” blog will provide valuable insight into how your company can benefit from implementing document management and workflow automation into existing processes.
One of the most common ways that companies get bogged down by their own weight is through poor accounting and financial management. In a survey conducted by Business-Software.com in May of 2013, nearly 200 finance executives in the U.S. were asked a series of questions to better understand the current state of finance departments around the country.
Manual invoice processing has its disadvantages. It’s time consuming, unclear, and hard to control. The number of invoices processed per employee is extremely low due to the hands-on tasks, and you’re in the dark as to where invoices are in the process. But still, an overwhelming number of companies suffer through traditional invoice processing procedures.
There's a big scary word in the accounting world that usually results in allocating resources and lost time - audit.
Small businesses often get the short end of the stick compared to their big business counterparts. What they don’t have in bargaining power and influence they make up for in agility, but being better able to duck and dodge amidst shifting economies, new technologies and endless industry stop-and-go doesn’t pay the bills. And getting paid on invoices – quickly and reliably – is key to every...
No one likes to scrounge around for spare change, but we’ve all been there. Another quarter to bump your order up to a venti. A few more pennies and you won’t have to break out the card.