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"Document imaging is becoming a major part of accounts payable operations, and of all the available options, intelligent capture has the largest impact on all aspects of the process," said
Brian G. Rosenberg, Chief Executive Officer at
RPI Consultants. "Organizations using intelligent capture overwhelmingly reported that they are less absorbed in manual tasks such as sorting mail, scanning, invoice entry, validation, invoice approval, check production, matching checks to invoices and filing."
"Such organizations observed benefits throughout the procure-to-pay process, with efficiency gains experienced variously among purchase-to-receipt, receipt-to-approval, approval-to-entry and entry-to-payment times," added Rosenberg.
"While there are a host of available automation solutions generating ROI and improving the day-to-day routine of accounts payable, this report bears out our assertion that intelligent data capture offers the most holistic solution for processing all invoices, including those from high-volume suppliers as well as the 'long tail' of outliers typically relegated to manual entry," said
Charles Kaplan, Vice President of Marketing at Brainware. "Furthermore, our findings strongly suggest that financial managers see a greater benefit in creating efficiency and process transparency through implementing automation and best practices internally, as opposed to outsourcing operations to a third party."
2012 Process Quality Study on AP Automation today, or view a free, on-demand webinar presentation exploring the report's findings,
Accounts Payable Automation—Where We Stand.
About Brainware Brainware, part of
Perceptive Software, a
Lexmark company (NYSE: LXK), is an innovative provider of intelligent data capture and enterprise search solutions that help Global 2000 companies eliminate costly manual data entry, rapidly process large volumes of documents and retrieve data from across the enterprise. Its solutions were built from the ground up to manage unstructured data without templates, exact definitions, taxonomies or indexing. With executive offices in
Brainware maintains global sales and support operations through its North American, U.K. and European offices. For more information, please visit
Robert Zoch Public Relations Specialist Brainware 703-948-5831