Accounts Payable

Accounts Payable professionals have increased responsibility for process integrity and corporate compliance initiatives.  Managing supplier payments, expense reimbursements and vendor maintenance on paper is cumbersome and costly.  When documents are not available during processing, it means lost time, effort, unrealized cash discounts, unhappy customers, suppliers and unwelcome audit findings.  Establishing Electronic Document Management, workflow and document scanning strategies are key elements in addressing these issues.

DataBank has a track record of successes helping AP professionals like you operate more efficiently and at reduced cost by installing internally managed EDM solutions or outsourcing the process to DataBank in one of our SAS70 Type II and PCI-DSS facilities.

• Eliminate Paper, lost, misplaced, duplicate invoices and paper-related bottle-necks – paper documents are converted instantly to digital images upon arrival

• Leverage and Image-enable Your Existing Software Investment – DataBank Online Services and DataBank EDM offerings integrate with virtually any financial system and line-of-business or ERP application

• Speed Processing and Improve Accuracy with Business Process Automation and configurable rules-based workflow to route invoices through coding, approval and dispute resolution automatically.  Eliminate mundane tasks

• Reduce Labor Costs; Enhance Data Capture using OCR

• Improve Auditing and Reporting of expense reports, process compliance, ‘in-process' liability – with a life-of-the-record audit trail

• Enjoy Easy and Secure Access to any transaction document – Invoices, purchase orders, cancelled checks – retrieve any document instantly using your desktop browser.

Reduce operating costs, improve productivity,
automate business processes
Contact a DataBank expert today.