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Category: Automation

Overcoming Resistance to Accounts Payable Automation

AP automation offers many benefits, such as reduction in human intervention, reduction in processing and approval time, improved accuracy as well as improved visibility to the entire Accounts Payable process. In spite of the benefits, some companies struggle with the decision to automate their processes and sometimes the biggest challenge they face when it comes […]

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Take Advantage of Early Payment Discounts with AP Automation

Some companies offer early payment discounts to encourage customers to pay their invoices on time. One common early payment vendor discount is the “2/10 net 30,” which means a payment due in 30 days can be reduced by 2% if paid within ten days. Usually, it makes sense to take advantage of these discounts depending […]

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Implementing a Centralized Accounts Payable

Controlling Accounts Payable operations across multiple locations is a real challenge for many companies. The challenges escalate when the company is in a growth phase. With more locations, more vendors to pay and more customers to invoice and collect from, companies often operate in a decentralized model, managing receipts and payments from each location. This […]

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Determining the Costs to Process an Invoice Without Automation

The average cost to process an invoice manually has been pegged at between $15 and $20 by various studies, and polls of a sample of Octacom’s clients. This, of course, depends on whether line items are captured and costs, proportion of PO vs. non-PO invoices, and whether 3-way matching is a part of invoice processing. […]

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Top 4 Benefits of Accounts Payable Automation

Accounts Payable invoice processing is a mission-critical part of an organization’s daily financial operations, but it is also a non-core function that can require significant investments in people. In addition to being costly, AP invoice processing and approval related tasks are incredibly time-consuming. Accounts Payable Automation helps to improve performance and allows your company to […]

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Top 3 Benefits of Proof of Delivery Scanning

What if you could eliminate the problem of missing bill of ladings, delivery tickets, packing slips, waybills and other Proof of Delivery documents? Octacom has a solution that will help your company by improving access to your Proof of Delivery documents and assist in identifying which of your documents are yet to be submitted, subsequently […]

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Tailoring Odiss™ Document Management Software to Your Organization’s Needs

Are you looking at document management software and frustrated with your options? Is it the limited functionality and customization of off-the-shelf software? Is it the concern of a lengthy time frame to implement the solution? Perhaps it is the assumption that the change in process would be expensive, with modifications that never achieve the desired […]

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Savings with Accounts Payable Automation

Through its extensive and comprehensive approach, the legal industry often necessitates copious mountains of paper usage. Due to various acts and bylaws focused on record retention, legal professional quickly find themselves surrounded by this paper.

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New Year’s Resolution: Digitize your AP Documents

The beginning of a new year is the perfect time to review your company’s processes and see how they can be made more efficient. One of the best places to start is by reviewing your accounts payable processes. The accounts payable department is essential to keep your company running smoothly. In today’s business world, improving AP […]

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November 9, 2017 is World Paper Free Day!

For Octacom, EVERY DAY is World Paper Free Day! However, while we know the importance of transitioning from paper processes to electronic, many individuals and businesses still aren’t sold on the idea. On November 9th join in the campaign to raise awareness and help reduce the amount of paper generated inside and out of the […]

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Proof of Delivery and Waybill Scanning and Software: Automate Your Proof of Delivery Process

What if you could speed up many of the time-consuming tasks related to your proof of delivery process? Normally, paper proof of delivery documents have to be handled by several people before being scanned and saved in a system. During this time-consuming process, documents can get damaged or lost causing slow customer invoicing and making […]

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Go Paperless with eStatements

Are you still sending paper statements to your clients? Paper-based companies are struggling to keep up with the new digital age. Traditional statements require a constant supply of paper, printing material, postage, staff to print, fold and mail paper statements monthly and also require arrangements with a postal or shipping service. eStatements are identical electronic […]

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Vendor-portals-and-AP-Invoice-processing

Vendor Portals: Improve AP Invoice Processing for Your Enterprise

Leveraging vendor portals is a simple way to improve invoice processing for accounts payable as well as streamlining the reconciliation and charting from AP books.

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The Benefits of a Cloud Solution with Third-Party Integration

The Benefits of a Cloud Solution with Third-party Integration

Octacom has successfully integrated its solutions with many of the industry’s largest enterprise systems. Learn how cloud-based systems fit into the equation.

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The Transformative Benefits of AP Outsourcing

5 Important Benefits of Accounts Payable Outsourcing

Outsourcing accounts payable tasks has become a popular, and sometimes necessary, option in maintaining an organized and balanced book.

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4 Ways to Streamline SAP Data Workflows for Enterprise

4 Ways to Streamline SAP Data Workflows

SAP Enterprise Resource Planning is a popular solution employed by enterprises to manage their overall business operations and customer relations. Learn more benefits!

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Thought Leaders: What Was Your Company’s Biggest AP Problem, How Did You Solve It?

Thought Leaders: What Was Your Company’s Biggest AP Problem, How Did You Solve It?

We spoke with leaders in a variety of fields to talk about what they identified as their biggest AP problem, and the steps their organization took to resolve the issue.

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5 Reasons to Automate SAP for Organizations

5 Reasons to Automate SAP for Organizations

Organizational workflows are often burdened by manual inefficiencies. Routine tasks are taking up excessive time and resources.

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Legal document being signed

Paperless Options for Contracts

Are your legal documents and contracts in paper form? Read more about the benefits of paperless options for managing these critical files!

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Person working on iPad in office

Benefits of Outsourcing Document Management

What are the benefits to outsourcing your document management? Find out just how valuable outsourcing can be for your organization.

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Thought Leaders: What is Your #1 Tip to Optimize Business Processes?

We had the chance to chat with nine C-level experts to get their perspective on the question: “what is your #1 tip to optimize business processes?”

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Employees sitting around a table with phones and computers

Is Knowledge Management the Key to Modern Business Growth?

When knowledge is managed capably, not only does the organization benefit, so do its staff members, business connections and clients.

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Vendor Portals: The Future of Accounts Payable

Discover the benefits of a vendor portal, and how it can save your AP department countless hours and a great deal of lost productivity.

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When AP Automation Goes Wrong

Performing in-house AP automation often causes more problems than it solves. This article discusses why outsourcing is a far better option for your business. Read more.

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Why outsource AP automation

AP Automation: 5 Reasons Why You Should Outsource

Why outsource your AP automation? Here are 4 reasons that will surely convince you.

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Woman overwhelmed by pile of paper

ECM Implementations: Why Failure is Not an Option

Choosing a highly experienced, third party service provider can be a huge win for the organization by reducing costs, eliminating risks and ensuring efficiency.

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