We’ve all heard of imaging and workflow solutions, but how many of us really understand the ins and outs of how it works and why it’s increasingly becoming a by-word for best practice in Accounts Payable? Today’s workplace demands efficiency, cost effectiveness, speed in all transactions and thorough, traceable adherence to compliance issues which, as a result, can help in fraud detection and prevention. In a nutshell, the main advantages of Imaging & Workflow solutions are:
Accounts Payable - End of the Road for The Paper Trail
In 1988, the paperless office was just a pipedream, an idea bandied around by senior level top brass, seemingly out of step with life at the coal face of Accounts Payable. However, by 2008 you would like to imagine that the world had moved on, and yet a recent survey showed that up to 70% of Accounts Payable (A/P) Departments worked in much the same way as they had 20 years ago.