Accounts Payable with intelligence.
SmartAP allows you to save time and cut expenses by scanning your payables and automatically upload the information into your General Ledger system.Facts about today’s business environment…
- "On average it takes 18 minutes to search for a document." —Gartner Research
- "Every misfiled document is estimated to cost US $125.00 in lost productivity." —Dr. Nick Bontas, Fortune Magazine
- "On average, professionals spend 50% of their time looking for information." —Gartner Research
- "Every lost document costs anywhere from $350 to $700." —IDC
- "Every 12 filing cabinets require an additional employee to maintain." —GIGA Features
Typical SmartAP process:
- intelligently extracts data;
- display the information your screen;
- ask for confirmation from the operator that data is correct;
- allow edit of incorrect data and "train" the program to be more accurate the next time;
- Sends the data to your Accounting system, as long as your accounting system allows imports
- Archives the data;
- Interfaces with Alchemy Document Management System;
- Provides a summary report of all of the transactions.
Contact us for more information.
References:
1 Doculabs Market Focus White Paper on Fixed Content Management, Feb. 2005
2 The hidden costs of information work, International Data Corporation (IDC), March 2005
3 Ibid.
4 Institute of Management and Information (IOMA), Dec. 2005
5 The hidden costs of information work, International Data Corporation (IDC), March 2005
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