What are the Costs of Paper in Accounts Payable processing?


July 06, 2017

A study by AIIM (Association for Information and Image Management) highlights the actual cost of all that paper processing.  They looked at 201 businesses with paper processing to analyze the total costs.  Surprising?   Now is the time to make the Business Case for your organization to automate Accounts Payable and start realizing the benefits of an efficient back office.

What do you think are the total costs (incl. staffing and other resources) to process the following documents as PAPER from ...

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Digital Transformation – Accounts Payable for Distribution with IBM and Miria

Miria Educational Webinar

Accounts Payable Automation for Distribution

The distribution industry faces unique challenges managing the receipt of invoices from their many suppliers because of the variety of formats they receive. This gets compounded for those companies with multiple business locations where they may be receiving different invoice formats from the same supplier based on the supplier’s regional branch practices.

The other major challenge most distribution companies face is the ability to reconcile invoices against purchase orders, keeping track of quantities ordered and ...

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Institute of Finance and Management – Accounts Payable & Procure to Pay Conference

Miria Systems is delighted to be participating in the 2017 IOFM’s APP2P Conference at the Disney’s Yacht & Beach Club Resorts, May 7-9, 2017.

Come visit us at the APP2P Conference Expo in Booth 218

Members of our team will be available to discuss and demonstrate how our Cloud based applications can delivery immediate ROI for Accounts Payable Automation and Expense Management, as well as provide a broader corporate foundation for Enterprise Content Management.
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Work Paperless – Transform your Business Processes with IBM and Miria

Miria Educational Webinar

Work Paperless – Transform your Processes with Miria and IBM

Banking and insurance business processes require audit trails, compliance and integration resulting in paper and duplicate entry work. Invoices, expense reports, accrual worksheets, and the like require experienced workers to create, review, manage, approve, and ultimately store the work stream for audit.

What if we could remove the paper from the process at the source? Digitally transform every document that hits ...

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Streamlining Your Accounts Payable Operations

Miria Educational Webinar

Streamlining Your Accounts Payable with IBM FileNet ECM

The opportunity to improve operational efficiency with Accounts Payable Automation continues to evolve! New capabilities and new technology options have created new opportunities for greater efficiency and greater cost savings… allowing you to Streamline your Accounts Payable Operations!

This webinar will focus on innovations that will add value to every company’s automated payment management system. The key areas will be financial benefits and the impact of innovation.

As ...

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Driving Compliance with Accounts Payable and Content Management

Miria Educational WebinarEvaluation4

August 18, 2016

2:00PM EST

Automating accounts payable with image capture, workflow, and routing can add high value to any business. At the same time, you can use the same technology as a launching point to capture all types of documents and information that must be retained for audit and compliance purposes

This webinar will educate about the changing regulatory rules that require improved document ...

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Webinar: Travel and Expense Management

A Streamlined and Integrated Approach

Date: 05 May 2016, 2:00 pm EST

At some point in time, every employee in your company will complete an expense report.  Some will do it weekly, and others once a year.  The result adds up to tons of papers and document transactions, leading to hours of data entry and reconciliation time.

Integrating travel and expense management into your accounting system can now be accomplished quickly and effectively to save hours of processing time. With a simple automated process, ...

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Accounts Payable Webinar – What’s New in AP Automation

What’s New in AP Automation?

The opportunity to improve operational efficiency with Accounts Payable Automation has changed. New capabilities and new technology options have created new opportunities for greater efficiency and greater cost savings.

Maybe you already have AP Automation or maybe you have evaluated it in the past. This webinar will focus on innovations that will add something to every company’s automated payment management system.

Attendees will learn the financial benefits and impact of innovative AP Automation including:

  • Enabling Mobile Approvals
  • Vendor Self Service ...
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What Gets Measured, Gets Improved – Part 4

The Average Time to Approve an Invoice from Receipt to Payment

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We are half-way through our 8 part series entitled “What Gets Measured, Gets Improved.” In this series we are discussing 8 KPI’s in the Accounting / Finance world in order to get clear measurements of what’s going on now in order to move forward with any strategic initiative…like AP automation.

 

Let’s summarize 1 – 3:

1. Number of Invoices Processed Per Person / Per ...

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What Gets Measured, Gets Improved – Part 3

Exception Invoices as a Percentage of Total Invoices

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Our 8 part series discusses the importance of identifying Key Performance Indicators in Accounts Payable.  But why this topic? We address this topic because after all, “What Gets measured Gets Improved.”

However, oftentimes we get so hung up on metrics and measuring things to the point that we sometimes lose track of measuring what really matters.  There’s another saying, “Not everything that counts can be counted, ...

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