Invoice capture, or the process of extracting information from an invoice in order to process it, has evolved quite a bit in recent years. Previously, every invoice had to be manually input into a computer. Which took a lot of time and frequently led to expensive errors. With the recent […]
Accounts Payable
15 posts
Laserfiche Smart Invoice Capture uses machine learning technology to capture information from any invoice, in any format, without requiring custom invoice templates. Available in Laserfiche Cloud, smart invoice capture used alongside existing process automation capabilities will enable more streamlined accounts payable solutions by reducing costs, improving efficiency and minimizing fraud. […]
We sometimes forget that large companies like Pepsi have the same AP challenges as we do. A Pepsi Distributor in the mid-west was processing accounts payable manually and their costs kept climbing. When it was evident that they needed to either hire another accounting clerk or automate their process. They […]
Many people wonder what is the real world ROI of a Laserfiche ECM system used for accounting automation (APand AR functions). PERI Formwork Scaffolding Engineering Ltd said that they paid for their Laserfiche in the first year of operation. They were able to: Reduced accounts receivable and payable processing times […]
Are You Still Processing Paper Invoices? If so, you are not alone. A number of studies have shown that a large percentage of invoices are still being processed on paper. As you know this is time-consuming and expensive. The ability to process and pay invoices in a timely manner is […]
Associated Grocers originated in 1950 with 17 founding member stores. Today they have a membership of over 200 independent retailers in Louisiana, Mississippi, and Texas. In the beginning, they just provided combined buying power to member-retailers. But in today’s market, member-retailers require more services. Now they provide a full offering […]
Viking Materials, Inc. is a diversified metals processor and distributor. They are based in Minneapolis, Minnesota, and Franklin Park, Illinois. Viking is a subsidiary of Reliance Steel & Aluminum Co. (NYSE:RS). It is the largest metal service center company in North America. Reliance is a Fortune 500 company and was […]
Replaces filing cabinets with Laserfiche ECM” Overview Aspen Waste Systems provides a wide variety of waste collection and recycling services to residential and commercial customers. It services the Minneapolis/St Paul, MN, St Louis, MO, and Des Moines, IA areas. Challenge “As a company, we receive several hundred invoices every month, […]
Overview Viking Materials, Inc. is a diversified metals processor and distributor based in Minneapolis, Minnesota, and Franklin Park, Illinois. Viking Materials, Inc. is a subsidiary of Reliance Steel & Aluminum Co. (NYSE:RS). It is one of the largest metal service center companies in the United States. Since 1973, Viking Materials, […]