Fundamental to the success of every organisation is an efficient accounts payable department. It's a complex and demanding administrative zone that requires expertise from qualified people to achieve greater efficiency, accuracy and visibility.
Many organisations find that their accounts payable department is inefficient and costly, but with varied and complex environments it is often difficult to identify the main problems and turn it around.
A significant factor in the inefficiency of an accounts payable department is the manual work required to enter data and maintain effective records.
With a lack of visibility for invoices, organisations struggle to control the approval processes resulting in delays and inconsistencies in payment. This also lengthens the time taken to find information required for query and dispute resolutions leading to division with suppliers.
Redefining your Business with a Document Strategy
Documents are the lifeblood of an organisation.
Think of all the documents that support your organisation's core business - customer and employee communications, product information, contracts or financial reports. Documents prompt action from customers, from staff or from other stakeholders and support essential business processes. While documents are at the foundation of every business, many organisations still struggle to gain control of information and costs, resulting in business inefficiencies
Paper, Pixels and Processes
These environmental considerations do not exist in isolation from cost, efficiency and service drivers.
This whitepaper explores the current document landscape that organisations face and introduces some methods which organisations may embark upon in order to implement a sustainable document strategy. An effective and sustainable document strategy is only possible through the balancing of these core lenses of cost, environment, process and customer experience. It explores different responses organisations can take in embarking on a sustainable document strategy journey, such as basic, strategic and transformational. This whitepaper is not intended to be a how-to-guide in implementing a sustainable document strategy but an overall view of the complexities of implementing an end to end document strategy.