We are back now to the wonderful world of invoice management and workflow...Without this established workflow , things don’t move as smoothly or as quickly. Ok, but will just any workflow do?
I often use Accounts Payable (AP) processes as a measuring stick to see how ECM will fit an organization...If not, the invoice is routed in workflow to the correct AP clerk. The relevant capabilities are ERP Integration and Workflow
At a recent IAPP chapter meeting , I listened to a colleague describe the challenges of accounts payable...The data extracted from that invoice must be right, because it will drive the workflow, approval and payment process
Take accounts payable...Digitize those documents: run them through a scanner, perform optical character recognition on them, drop the information into your accounts payable system and – voila!
It’s a great study to use as a benchmark in your organization and should give you an idea if your accounts payable automation is truly automation
The goal was to let customers share their experiences on implementing electronic invoicing and payables automation...So any department that was not using the new electronic invoice/payables automation system was out of compliance
Almost every enterprise across multiple industries struggles with at least one paper-intensive, document process such as accounts payable, human resources, healthcare records, insurance claims, loan processing and others
Here’s the reference model we use to explain how ECM works with ERP systems to improve Accounts Payable (AP) and other processes...If not, the invoice is routed in workflow to the correct AP specialist
Let’s use a document-centric process that most people should be familiar with; accounts payable and, specifically, invoices. It’s not uncommon any given enterprise to have accounts payable-related transaction content coming into their enterprise in a variety of different forms
In particular, many document processes can be improved through a DPO approach and often include the following: - Accounts Payable Processing -Sales Order Processing -Insurance Claims Processing -Healthcare Chart Conversion Processing -EOB Processing -Mortgage Application Processing One of the fundamental differences for DPO vs