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Big Solution for Small Price
Special Offers
Big Solution for Small Price
Special Offers
Big Solution for Small Price
Accounts Payable is a strategic, value-added accounting function that performs the primary non-payroll disbursement functions in an organization. AP enables an organization to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of the entire payables process.
Challenges:
Inefficient invoice process
Inaccurate and lengthy close
Lack of control and visibility
Tracking and maintenance of thousands of invoices and its supporting documents
Efficient archival of invoices and other documents
Anytime anywhere access of documents
Solution
OmniScan
- OmniScan is a production grade scanning solution for document capture. It facilitates filing and indexing of the documents in the document management system and initiates work items in the linear workflow system.
OmniDocs
– Newgen OmniDocs is a secure enterprise content repository for archiving huge volume documents and invoices. The in-built workflow engine of OmniDocs allows collaborative working on documents in a secure environment.
Benefits
Increase of monitoring and control over the account payable process
Cost savings due to timely payment of invoices and getting better discounting benefits from vendors.
Reduction in human errors due to image enabled data entry by toggling between the core ERP and the document image in the Document Management System
Real time invoice visibility from receipt to payment due to comprehensive MIS reporting
Scalable solution to allow for future growth and continued improvements
Reduced paper volume and costs
Enhanced Vendor Relationships
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