To push your business' growth, you will inevitably take on accounts payable. Managing these accounts, however, isn’t as simple as paying off a personal credit card. They become an integral part of your business’ operations that require workflows to effectively manage. From your initial purchase order to your final accounting reconciliation, you must closely oversee each step in the accounts payable cycle.
You have invested in a document management system. It has transformed your office, and seemingly made everything your company does more effective. You can see that your document management system helps around the office, but you aren't sure how to measure the tangible value that you gain from it. You must be able to measure the value of your system in order to optimize its capabilities and to ensure that everyone within your organization fully understands the importance of using it.
In order to function, every business needs to generate and manage a large volume of documents. Yours in particular deals with enough documents that developing an effective document management system that will streamline all related tasks is important. While researching the best approach to the development of your system, you have inevitably come across various document management tools that are designed to enhance the process. They seem great, but should your business invest in them? There are several factors that you should consider before coming to a decision.