Paper Kills Productivity

Studies have shown that even the most automated Accounts Payable departments do not achieve maximum productivity if they are processing paper. 

Imagine a hypothetical corporation, Johnson Company, which uses a scanning and OCR solution to process supplier invoices that are sent and received exclusively in paper. Johnson Company has invested in a leading A/P Automation system that automates routing, workflow, and approvals. Johnson Company will have better productivity than other firms in its industry because of its A/P automation investment.  However, if Johnson Company converts enough of its suppliers so that 50% of the invoices are sent and received electronically, Johnson Company’s Accounts Payable department will increase productivity by nearly three times. 

The key learning? Paper is the root of lower productivity! Companies must convert suppliers to send invoices electronically if they want to be productive. Learn how Transcepta helps you do it.

Electronic Invoicing Drives Productivity

Companies have been trying to eliminate paper from the invoicing process for over 30 years.  The reasons are obvious.  Inbound A/P invoices represent the single largest driver of paper pain for most businesses. When your suppliers send invoices to you electronically you receive a number of benefits:

• Reduce Accounts Payable costs by 50% or more
• Enable employees to be at least two and a half times more productive
• Increase your opportunity to take early pay discounts
• Go “green” and invest in a technology that helps the environment
• Get more value out of existing investments in EDI or other E-Invoicing Networks that have not maximized supplier adoption
• Eliminate the phone calls and emails from suppliers checking on invoice and payment status
• Do away with hassle-ridden paper processes such as scanning, OCR, and manual data entry
• Extend the value of existing A/P automation software or ERP workflow

Transcepta Has a Unique Approach to E-Invoicing

Only Transcepta has the approach, technology, and experience to help you eliminate paper invoices from your Accounts Payable department.  Learn how Transcepta does it.