Effectively managing your accounts payable is a critical business process that guarantees you can obtain the necessary assets to keep your business going without overpaying. That being said, you will face many accounts payable challenges as time goes on. The single most powerful tool that you can invest in to overcome some of your biggest accounts payable challenges is a digital document management system. Here are five of the biggest challenges related to your accounts payable that a digital document management system can resolve quickly:

Your company's paperwork is important. It is the basis of many business functions that your company needs to be able to operate on a daily basis. To that end, you need a management system that will keep everything on track. For this, you have two options: document management and file management. Although they may sound like two different ways to say the exact same thing, they are actually very different. Let's explore what make each one stand apart from the other so that you can determine which management system is best for your company's needs:

Converting your business' records to digital files is a must. It will streamline your operations, save you money on paper and protect your company's data. That being said, you don't want your business documents to get mixed up in the scanning process right when you need them the most. So which of your business records should you scan first? To help you make the right choices during your business record conversion process, we are providing you with a universal guide for deciding the order in which your business records should be scanned.

In today's digital world, the best way to outperform your competition is to deliver the best business solutions in the smartest, fastest way possible. This means dealing with the web, which moves at light speed. Because of how fast the internet moves, it can be difficult to keep up with, no matter how many people you have on your team. In order to take advantage of everything that the internet has to offer your business, you need to use automation.

It isn't easy to find the perfect candidate to fill a position. You will be inundated with hundreds of resumes. There are usually a few good candidates, but you still have to filter through all of them just to figure out who even qualifies for the position. You can significantly enhance your resume screening process by investing in a digitization solution.
 

While dealing with your accounts payable accounts can be draining (nobody wants to spend a great deal of time paying money!), it is a necessity. If approached the wrong way, managing your accounts payable can be excessively time consuming, done incorrectly or even cause you to spend money where you shouldn't.

Because your organization's human resources department handles sensitive employee information, the Canadian government has certain requirements for managing any related records. This requires you to do more than keep everyone's social insurance number a secret. The federal government has several requirements for this.

Although many businesses, organizations and institutions have relied on microfilm to archive their media for historical purposes, it’s now more efficient and in some cases a requirement to convert microfilm over to digital media as the initial source for records management.  Microfilm conversion services can be a lengthy, technical and specialized process.  If you are seeking to hire a company to convert your microfilm, it’s important to know what questions to ask in order to receive quality microfilm conversion services.  

Technology has done so much to make it easier to manage and organize your business, but when it comes to files, things can get messy. Employees may save files to the wrong area, make multiple copies, or even delete copies. What you really need is to effectively implement reliable document management software. The key to getting your documentation in order is to find a solution that organizes your files in a manner that is easy to search, check out, store, and maintain configuration control.