Added than four-hundred AP managers alternate in the ysis during May-June 2006, which addressed a ambit of balance automation issues, including scanning, cyberbanking invoices, OCR for abstracts access automation and outsourcing.
The ysis provides absolute acumen on balance scanning trends and the bottom-line allowances accomplished by organizations that accept congenital scanning into the balance process. Analysis of the ysis after-effects credibility to ample acquaintance of the allowances of imaging, OCR and workflow in accounts payable.
Ninety-three percent of ysis respondents address they admit the ability and banking allowances of scanning, but about are impeded by the company’s arch banking administrator (52%). Based on the poll, CFO’s are about the accommodation makers for AP technology purchases aural an organization.
Key allegation from the ysis include:
— 32% of respondents browse all their invoices
— Only 12% of all respondents use OCR forms processing technology to automate the processing of invoices
— Average amount to action an balance manually is $24, alignment from .22 cents to $350
— Added than 70% of respondents adumbrated that beneath than 9% of their invoices are broadcast via cyberbanking (email or EDI)
— Added than 50% of respondents said their accepted balance processing arrangement is inefficient
— Beneath than 20% of all respondents outsource balance scanning
— 42% of respondents address scanning aerial volumes of invoices (between 5000 and 25,000 monthly); while 52% browse amid 1000 and 5000 account
“An cutting allotment of AP professionals accede the appulse advanced end scanning and abstracts abduction can accept on their organization’s bottom-line,” said Scott Blau, CEO of Datacap Inc. “But this ysis additionally sheds ablaze on the obstacles AP departments face back proposing these solutions and the apathetic alteration AP cadre are authoritative from chiral to added efficient, automatic processing of invoices. This address should be appropriate account for CFOs.”
The Analysis respondents represented a advanced ambit of alignment admeasurement and industries, with 24% in manufacturing, eleven percent and nine percent of the respondents apery the healthcare and insurance. Participants active in apprenticeship and the banking casework industries represented eight percent anniversary of the polled audience. AP professionals in business casework (6%), utilities (6%) and government (4%) completed the ysis sample.
The final ysis address is accessible for chargeless download at http://www.datacap.com/downloads/apsurvey
About Datacap Inc.
Since 1988, Datacap Inc. has provided arch certificate abduction and forms processing software solutions to organizations worldwide. Datacap Taskmaster software calmly transforms cardboard into information, abbreviation abstracts access costs and convalescent advice accuracy. A client/server, rules-based certificate abduction workflow platform, Taskmaster provides awful adjustable solutions for both angel indexing and abstracts access automation. Taskmaster additionally enables scanning, indexing and administering from a browser and integrates with all arch certificate administration systems.
About Fujitsu Computer Articles of America, Inc.
Fujitsu Computer Articles of America, Inc. conducts engineering and business activities in Sunnyvale, CA and sales operations throughout the United States. Fujitsu Computer Articles of America currently offers articles and casework including scanners and scanner maintenance, adamantine deejay drives, Magneto-Optical drives, approach attitude acceptance technology and 10Gb Ethernet switches. Fujitsu Computer Articles of America is amid at 1255 East Arques Avenue, Sunnyvale, CA, 94085. For added advice about Fujitsu articles and services, alarm us at 800-626-4686 or 408-746-7000. For added information, amuse see: http://www.fcpa.fujitsu.com http://www.fcpa.fujitsu.com/> .
IOMA, the Institute of Administration Administration, is the accustomed baton in accouterment applied advice to the accounts payable profession. From Address on Managing Accounts Payable newsletter and our abundant appropriate letters to our highly-regarded conferences and training seminars, IOMA’s contributions to AP apprenticeship are advised the gold accepted about the world. For added information, appointment www.ioma.com.
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