If it seems like everything is happening in the cloud these days – it’s not your imagination. Organizations of all sizes are recognizing the many advantages of cloud computing for business. Aberdeen research found from 2017 to 2018, “on premise” ERP dropped from 21% to 12%, and SaaS increased from 21% to 36%. And according to Gartner, 40% of new ERP deployments for large businesses will be cloud SaaS by 2021.
Clearly, there’s a lot of room for improvement in invoice processing. In a survey conducted by PayStream Advisors, 63% of respondents said their top invoice management pain point is “manual data entry and inefficient processes.”
It’s lunchtime. And while you have a mountain of invoices to process, you’re grabbing a quick meal to go before heading back to the office. Standing in line to place your order, you look up and see the menu above. Sandwiches, salads…and then you notice something that makes you look again. Invoice Automation. That’s odd, you think. Why would invoice automation be on a to-go menu?
In the last blog, I presented an overview of the five ways information capture will revolutionize your document and data processing. Let’s take a closer look at the first way now: automation through centralized, high-volume capture, also commonly referred to as batch capture.
Cost savings. Improved efficiency. Reduced delays and errors. What organization doesn’t have strategic goals around these fundamental operational pillars?