It’s one of the leading questions our customers ask when they first interact with the company: “How do you convert my documents into digital data?” The answer lies within our complete bulk document management process, and in this latest post, we’ll explain each phase.
Document imaging is the way forward for organizations across all marketplaces. But many companies fail in their document imaging projects because they don’t have cohesive strategies in place. Our team at MES has many years of experience in the document imaging sector, and we’re highlighting our tips for a successful imaging project.
Accounts receivable automation is changing the way companies do business. It’s freeing accountants from their need to chase customers and source invoicing data and allowing them to support the company in more profitable areas.
End-to-end receivables management requires your company to take into consideration the full range of steps from invoicing your client to collecting payments. Building an end-to-end system allows the organization to recognize the steps involved in the process and to place key stakeholders at each touch-point in the management structure. But companies still experience one common problem with end-to-end receivables management, and in this post, we’ll explore the problem in greater detail while providing you with a solution for your processes.
Accounts receivable automation is now changing the way companies complete their accounting processes and helping to save thousands of dollars in labour and administrative costs. But many business leaders still don’t see the clear value that accounts receivable automation can bring to their company in the long term. And so, to help guide you in selling automation to skeptics within your organization, we’re highlighting the many benefits automation can bring to your operations.
Days sales outstanding (DSO) is a calculation designed to estimate the average length of a company’s collection process. Reducing this timeframe and shortening the amount of time it takes your company to be paid can help benefit your organization in a number of ways. This blog will focus on DSO elements that you might not have considered and explain ways to reduce DSO for your organization.
There’s a lot of talk in different business sectors about automation and how it can improve operations. For manufacturing industries, the benefits of automation are apparent. Specialized machinery takes over certain physical labour tasks, such as replacing workers on an assembly line or drivers for truck freight hauling.
You may have heard that the accounts payable section of many businesses is experiencing somewhat of a shake-up. Automation is coming. Specifically, AP invoice automation is integrating into many different companies, adding more technology to the process of handling financial transactions that are coming into and out of a business.
AP automation software continues to make waves and for a good reason. AP automation is streamlining financial activities by taking valuable human staff off of routine processing and letting software handle the drudgery of processing data. But what is AP automation software going to be in the future?
An accounts payable department is essential for a business to run smoothly. But the AP process has never been fast, easy, or fun.