Business Process Outsourcing Blog

Did you know that to experience the benefits of accounts payable (AP) automation, you don’t need to dive into a fully-featured solution all at once? Studies show that even automating small pieces of the AP process at a time could still have a significant positive impact on the efficiency of your operations.

There are a lot of things to consider before scanning lab notebooks. How sensitive is the information? Is it legally protected? How many pages need to be digitized? How will the information be used and shared in the future? Answering these questions for yourself will help you find a complete scanning solution.

Explore the stories of three organizations who went paperless because they were tired of dealing with paper problems. Now, with their new paperless systems and processes, they’ve all seen radical improvements to their efficiency and are able to be much more responsive to customers and other stakeholders.

Over the past five years, asking rents of office space in Manhattan have risen on average by 7%. If this weren’t hard enough, asking rents on older loft buildings in places like South Midtown – historically shunned by traditional businesses and coveted by non-profits – have risen 29% due to an influx of tech firms who are drawn to these spaces.

The phrase “working in the cloud” used to be unfamiliar to many, but it’s the way smart business is done today. Cloud computing has proven to be a secure, cost-effective way for organizations to meet accessibility, functionality, and flexibility needs in their operations. From managing document approval to running accounts payable, human resources, and order fulfillment, cloud software is not just an accepted platform, it’s critical for keeping competitive in today’s business environment.

Have you thought about how an unforeseen catastrophe might affect your business? Even something as random as an electrical fire or crane accident can lay an unprepared company low. Were a catastrophic event to take place that affected your organization’s base of operations, how would you deal with the fallout?

In today’s digital workplace, companies receive invoices by email at a higher rate than ever before. Even so, many still insist on printing out electronic invoices prior to processing them. Doing this defeats the purpose of email invoices in the first place, as bringing electronically-received invoices into the physical realm opens up firms to the same problems they face with paper: lost invoices, late payments, duplicate payments and a comprehensive lack of transparency and visibility into the accounts payable process.