A Guide to OCR Invoice Processing In Accounts Payable
OCR technology is changing the way accounts payable manages invoices and vendor payments by eliminating manual data entry, improving accuracy, and...
2 min read
Chris Cosgrove
:
Dec 16, 2014 1:35:00 PM
As you bustle about in the final days here between now and Christmas, it’s common for most people to tick items off their burgeoning gift lists. However, in stark contrast to this post, those paper documents are ok and don’t hamper process. Sure, it may be old fashioned to jot down the list of all your friends and family, but it’s also fast, reliable, and cheap. If only the same could be said for the check writing and cutting process that most companies gyrate through all the time.
So in summary, there’s a bevy of reasons why printing checks is a pain and there are some solid reasons (aka business advantages) for those who are pursuing electronic payment solutions.
For starters, you can retain the same level of payment control with your vendors, but with the upside of taking less time to execute payment, being more environmentally friendly, reducing the process hassles, and finally, the big one, providing a financial incentive for the business to do so in the form of cash rebates. To learn more about that click here!
So, as you prep you’re nog of choice for the Yule tide blaze that is to consume your hearth in short order, sit back and ponder whether cutting checks is really getting it done for you in a positive way or whether 2015 might hold some Accounts Payable process improvements (electronic payment solutions) in your future that will make your life easier and organization stronger!
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