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Streamlined Accounts Payable Document Management Solution Now Available
The introduction of FileBound AP offers small and medium sized businesses a complete package solution to streamline accounts payable processes. FileBound AP incorporates the proven features of FileBound document management solutions in a turn-key package to meet the challenges of managing, controlling, and processing accounts payable documents.
FileBound AP allows quick application of document management technology to accounts payable processes to gain control and add automation for cost savings, quality management and scalability. FileBound AP is designed to be an end to end solution that maximizes results.
Capturing documents at the beginning of their life cycle eliminates many of the challenges associated with managing paper documents. Captured documents enter an automated workflow for all approval decision-making and conflict resolution processing. Rules, roles, and deadlines get configured once and automatically applied over and over again. Taking the human element out of decision-making processes reduces errors and collapses the time to process documents.
FileBound AP improves the following accounts payable processes:
- Receiving Document Handling
- Invoice Approval Processing
- Invoice Coding Automation
- Documented Payment Matching
- Integrated Document Retrieval
FileBound AP solves these accounts payable challenges:
- Reduces the risk of making costly duplicate payments.
- Provides a process to address incomplete or incorrect invoices.
- Allows for accepting discounts through improved process cycle times.
- Reduces vendor relationship issues due to lost invoices or late payments.
- Provides organizational scalability allowing varied volume and growth.
- Reduces basic human error.
- Provides predictable operational costs for better planning and budgeting.
- Reduces organizational risk and provides disaster recovery plan
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Tags: conflict resolution, disaster recovery plan, document management solution, document management solutions, document management technology, document retrieval, filebound, human element, human error, invoices, late payments, medium sized businesses, operational costs, package solution, paper documents, payable processes, planning and budgeting, quality management, relationship issues, vendor relationshipRelated posts
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