How to Use Document Management to Automate Your Accounts Payable Processes

Manual document management is an outdated concept. Paper-based systems are inefficient, old-fashioned and cost businesses in more ways than just money.

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How Having a GDPR Policy Will Impact Your Data Privacy and Compliance

On May 25, 2018, the European Union implemented the General Data Protection Regulation (GDPR). This new legislation is a massive overhaul in the way data is handled by companies within the EU. It was designed to protect European consumers by strengthening data privacy. But these new rules are more than just a regulatory obligation. The GDPR aims to create a new business culture that prioritizes transparency and puts consumers first. So let’s discuss how having a GDPR policy will impact various aspects of your organization.

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Increase Efficiency And Reduce Cost With An Automated Mailroom Workflow Solution

When we think of the workplace, the bustling mailroom is ingrained as a staple of corporate life. No office has been complete without a room full of workers hustling through documents, stuffing them into neatly labelled cubby holes. But with the emergence of email and digital marketing campaigns, many company mailrooms have gone silent. Letters, invoices, and flyers arrive on laptops instead of in envelopes. Most communication is done electronically. This, however, doesn’t mean mailrooms are no longer needed.

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5 Best Practices For Managing Accounts Receivable

When it comes to your receivable department, management is key. Everything needs to be streamlined and efficient so there are no issues. However, managing accounts receivable can be tricky if you don’t follow these five best practices. Automate your system There are various types of programs that can automate your accounts receivable process. Automation makes managing accounts receivable a piece of cake because the more human error you can remove from the process, the better.

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How Accounts Payable Automation Solves Paper-Based Challenges

Accounts payable automation is being embraced by companies of all sizes. Most businesses rely on their AP department for all financial transactions, invoices and bookkeeping. However, your AP department is drowning in paperwork. With too many paper-based challenges facing them daily, you can make their jobs a little easier with AP automation. Here’s why: Paper takes up space As businesses move towards greener initiatives, they’re often left wondering what to do with the boxes upon boxes of paper they rely on.

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