A paper-based accounts payable process can bring your business agility to a halt. Time is wasted matching invoices with purchase orders, manually routing forms and chasing approvals.
Why outsourcing back-office workflows is gaining steam
Business process outsourcing—hiring a service provider that specializes in back-office operations—is one increasingly popular way to maintain focus on strategic functions and growth.
Unlock information, the lifeblood of your business
When you capitalize on the infinite supply of data stored in your organization’s documents, you unlock potential insights and inform better decision making. Web-based document capture can help.
Contract terms – Item codes – Phased invoicing - Cost of construction – Time & materials contracts – NET payment terms – Letters of credit – Bills of exchange – Change orderSee how others conquered this challenge
Compliance – Supplier purchase orders – Sensitive documents – Master services agreements – Vendor relationship management – Chain of custodySee how others conquered this challenge
Project milestone invoicing – Statement of work – Financial approver signoff – Net payment terms – Retainer Fees – Time & materials billing – Proof of insuranceSee how others conquered this challenge
Harsh conditions at construction sites makes proof of delivery a constant challenge. When customers called for signoff confirmation on invoices, building material supplier Huws Gray needed a way to provide answers quickly.
When asked about the ROI of their investment, they told us they achieved ROI in less than one year.
Natural Health supplier Healthworld handled up to 40,000 invoices a year. Adding automation was key to keeping up with growth. Additionally, invoices submitted in different sizes and weights meant robust media handling was a requirement for any solution.
Healthworld is currently using a number of Kodak i4200 and i2600 scanners across various locations, and success with invoice processing has led it to develop new workflows for additional processes such as workplace health and safety.
When EWI Worldwide supports a live communication event, it does it in a big way. It calls on hundreds of vendors to create its world-class exhibits, events and experiences. When invoices came in, the company needed to migrate from a paper-based A/P process to a digital one.
The company has achieved excellent results with little added investment. Now that the information and invoices are available in SharePoint and there's no printing or hard copies, a recent job was reviewed and approved in just 15 minutes.