SlideShare uma empresa Scribd logo
1 de 14
Document Management in
       Ontario
The Positive Impact on Accounts
            Payable
• Document management in Ontario allows
  organizations to capitalize on solutions that
  eliminate unnecessary cost and add value.
• Document management impacts many
  departments and functions within a company,
  including accounts payable.
• For example, you can automate accounts
  payable so you process a greater number of
  invoices within shorter time periods.
• By eliminating paper and simplifying the
  invoice approval process, business can save
  money.
• The superiority of electronic processes over
  paper processes is a widely accepted concept.
• However, the migration to document
  management solutions in Ontario has not
  been as obvious as you would expect.
The High Cost of Maintaining Manual Accounts
  Payable
• Each time you purchase something on credit,
  you create an account payable for your
  business.
• Typically, you owe the amount taken on credit
  to your supplier within 30 days.
• But, if you pay early, vendors frequently will
  give cash incentives in the form of discounts.
• To get these discounts, companies must
  process invoices and send payment to the
  vendor in as little as 10 days.
• Processing invoices in such a short period is
  very difficult for many accounts payable
  departments.
• Their document management in Ontario may
  not be capable of quick turn-arounds,
  especially if it’s a manual system.
• The manual steps in a paper-based system for
  document management in Ontario can cause
  the invoicing process to take upwards of 30
  days.

• The accounts payable process could be further
  hindered in the following situations:
• Businesses typically process invoices tied to a
  purchase order.
• However, it’s not uncommon for some invoices
  not to originate from a purchase order.
• When a purchase order has been issued,
  accounts payable staff still needs to make sure
  the line items agree.
• When the paper invoice arrives, it gets keyed into
  the system and is matched line-by-line against
  the purchase order.
• When purchases are made without purchase
  orders, the accounts payable department
  usually doesn’t know the invoice exists until it
  shows up.
• Because no prior approval took place, these
  invoices must be routed through a separate
  approval process.
• When invoice discrepancies arise, resolution
  involves back and forth communications
  among suppliers and internal departments
  before they can be processed through
  document management in Ontario.
• The additional processing time adds costs and
  time. In fact, many companies require
  dedicated staff just to resolve invoicing
  disputes.
• The benefits of document management for
  accounts payable are quite evident.
• By streamlining and automating the entire
  process, document management eliminates
  the high overhead and delays associated with
  manual paper processing.
• Your business operates in a much more cost
  and time efficient manner.
Specific benefits for document management in Ontario
  include:
• Replacing costly, error-prone paper processes with
  automated records management
• Capitalizing on vendor discounts and avoiding late fees
• Improving vendor relationships and increasing
  favorable terms
• Resolving vendor disputes instantly with supporting
  documents easily retrieved
• Providing flexibility to submit invoices in various
  formats
• Eliminating invoice delays and automating
  document routing
• Optimizing approvals, payment cycles and
  reporting
• Automating invoice and check match ups
• Removing the need for additional staffing with
  volume increases
• Facilitating audits with quicker access to
  needed documents and transaction histories
• Implementing document management in
  Ontario leads to higher performance levels for
  your business.
• When you replace a manual process with an
  electronic one, you get a better managed,
  more efficient and increasingly profitable
  business operation.
• Kevin D'Arcy is VP of Sales and Marketing for
  MES Hybrid Document Systems, Ontario's
  leading document scanning and document
  management supplier. For more information
  about Document Management in Ontario, visit
  http://www.mesltd.ca/service.html?id=10

Mais conteúdo relacionado

Último

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
yulianti213969
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 

Último (20)

PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableBerhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
obat aborsi bandung wa 081336238223 jual obat aborsi cytotec asli di bandung9...
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 
Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING
Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDINGPuri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING
Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 

Destaque

How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 

Destaque (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

MES Hybrid - Document Management in Ontario - The Positive Impact on Accounts Payable

  • 1. Document Management in Ontario The Positive Impact on Accounts Payable
  • 2. • Document management in Ontario allows organizations to capitalize on solutions that eliminate unnecessary cost and add value. • Document management impacts many departments and functions within a company, including accounts payable. • For example, you can automate accounts payable so you process a greater number of invoices within shorter time periods.
  • 3. • By eliminating paper and simplifying the invoice approval process, business can save money. • The superiority of electronic processes over paper processes is a widely accepted concept. • However, the migration to document management solutions in Ontario has not been as obvious as you would expect.
  • 4. The High Cost of Maintaining Manual Accounts Payable • Each time you purchase something on credit, you create an account payable for your business. • Typically, you owe the amount taken on credit to your supplier within 30 days. • But, if you pay early, vendors frequently will give cash incentives in the form of discounts.
  • 5. • To get these discounts, companies must process invoices and send payment to the vendor in as little as 10 days. • Processing invoices in such a short period is very difficult for many accounts payable departments. • Their document management in Ontario may not be capable of quick turn-arounds, especially if it’s a manual system.
  • 6. • The manual steps in a paper-based system for document management in Ontario can cause the invoicing process to take upwards of 30 days. • The accounts payable process could be further hindered in the following situations:
  • 7. • Businesses typically process invoices tied to a purchase order. • However, it’s not uncommon for some invoices not to originate from a purchase order. • When a purchase order has been issued, accounts payable staff still needs to make sure the line items agree. • When the paper invoice arrives, it gets keyed into the system and is matched line-by-line against the purchase order.
  • 8. • When purchases are made without purchase orders, the accounts payable department usually doesn’t know the invoice exists until it shows up. • Because no prior approval took place, these invoices must be routed through a separate approval process.
  • 9. • When invoice discrepancies arise, resolution involves back and forth communications among suppliers and internal departments before they can be processed through document management in Ontario. • The additional processing time adds costs and time. In fact, many companies require dedicated staff just to resolve invoicing disputes.
  • 10. • The benefits of document management for accounts payable are quite evident. • By streamlining and automating the entire process, document management eliminates the high overhead and delays associated with manual paper processing. • Your business operates in a much more cost and time efficient manner.
  • 11. Specific benefits for document management in Ontario include: • Replacing costly, error-prone paper processes with automated records management • Capitalizing on vendor discounts and avoiding late fees • Improving vendor relationships and increasing favorable terms • Resolving vendor disputes instantly with supporting documents easily retrieved • Providing flexibility to submit invoices in various formats
  • 12. • Eliminating invoice delays and automating document routing • Optimizing approvals, payment cycles and reporting • Automating invoice and check match ups • Removing the need for additional staffing with volume increases • Facilitating audits with quicker access to needed documents and transaction histories
  • 13. • Implementing document management in Ontario leads to higher performance levels for your business. • When you replace a manual process with an electronic one, you get a better managed, more efficient and increasingly profitable business operation.
  • 14. • Kevin D'Arcy is VP of Sales and Marketing for MES Hybrid Document Systems, Ontario's leading document scanning and document management supplier. For more information about Document Management in Ontario, visit http://www.mesltd.ca/service.html?id=10