Accounting Automation & Beyond

DocuPhase’s blog provides valuable insight into how your company can benefit from implementing automation & document management into existing processes.

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Take Automation Beyond Accounts Payable

 
 

At DocuPhase we love AP Automation. It’s one of our favorite things to help businesses with because we know just how big of an impact it will make for our clients. Between the time and cost savings, easily enforced compliance, and improved vendor relationships, AP is ripe to profit from Automation technology. But we would be remiss if we didn't take the time to show how automation technology can transform an entire organization into a modern digital workplace.

Automate All of Accounting

Before moving to other departments, it’s important to note that Accounts Payable isn't the only use case for accounting automation.

Canva Design DAEg06iMWR0Your Accounting Team can likely benefit from automation in other areas, like Accounts Receivables and Purchase Orders. Setting up a single system where you can track the status of outgoing pay requests in addition to incoming invoices offers a more holistic approach to accounting. Meanwhile, purchase orders are made simple with custom forms so anyone in the company can confidently submit a request knowing it will be quickly seen by the right person.

And don’t get us started on Payment Automation! Did you know that approximately 80% of payments are still being made through check?! Printing, signing, and mailing slips of paper isn’t saving anybody time and it’s just not necessary anymore. Payment Automation software can automate your vendor relationships and incentivize clients to move their preferred payment method from check to virtual credit card or ACH, which will save everyone money in the long run.

Help Out Human Resources

If your Human Resources department is still using manual processes, we have good news! Automating H.R. is one of the most transformational decisions a company can make, often having a direct and immediate cost-saving impact.

When Goodwill Industries of Middle Tennessee came to us, they were drowning in paperwork and struggled to combat the inefficiencies that came with digging through filing rooms multiple times per day. Implementing a Document Management system allowed them to fully digitize their records resulting in a 25% reduction in time spent on paperwork, a 70% reduction in interdepartmental inquiries, and a whopping $100,000 in annual savings!

Although digital document filing is incredibly impactful it doesn’t stop there.

  • Automated document routing and customizable digital forms help H.R. make processes like employee onboarding smoother than ever.
  • Optical Character Recognition (OCR) makes uploading documents quick and easy while eliminating human error.
  • Once uploaded and filed, auto-indexing features ensure that data is organized according to business rules and makes lost or misfiled documents a relic of the past.

Liberate the Legal Team

Here we have yet another department that tends to struggle under the weight of physical files. Document Management can work wonders for your legal team so they don’t need to cart binders full of papers to meetings or proceedings. Custom virtual file cabinets, combined with Full-Text Search make it easier than ever to quickly access all pertinent documents without diving into the storage room.

AdobeStock_183224619After Lewis, Birch, & Ricardo implemented DocuPhase, not only were they freed of their paper shackles at the office, but they are now able to access the newly digitized files from anywhere thanks to mobile access. The Document Management Platform helped them eliminate old case files and reduce the long-term liability associated with having so much confidential information in hard copy form. When paired with secure cloud hosting and customizable viewership permissions, LB&R can now access all the documents they need, from anywhere, without worrying about compromising security.

Open Up Operations

Every company’s Operations Department is completely different, yet across nearly every major industry, there are proven ways that automation can positively impact day-to-day business. Listed below are just a few examples of the versatility of automation when applied to operations. These organizations operate in wildly different markets and had unique difficulties that were only overcome by comprehensive automation solutions.

  • Lockheed Martin – An aerospace manufacturer looking to smooth over manual business processes after experiencing a communication gap between contracts and procurement that had resulted in production delays and massively strained relationships with their buyers. After integrating Process Workflow Automation, they experienced a 46% reduction in processing time and a top to bottom 96% increase in productivity.
  • Oklahoma Surgical Hospital – An expanding surgical specialty hospital burdened by hard paper copies of patient charts and financial records. These outdated paper practices caused constant disruptions throughout the organization, preventing them from providing efficient service. A document management system was implemented which captures financial information during the pre-operation and admissions phase, and then automatically distributes it down the pipe as the patient’s visit progresses.
  • ArrMaz Chemicals – A chemical processing and contract manufacturing company weighed down by manual workflows related to receiving and distributing incoming raw materials. Although they initially had been seeking only AP software, they quickly identified that the Quality Assurance team also needed a digital shot in the arm. After automating, ArrMaz reported reduced bottlenecks along every step of their business processes thanks to the instant accessibility of data.
  • Alaska-Village Electric Cooperative – A not-for-profit electric utility that serves villages all across the expansive Alaskan tundra. Field workers travel for weeks or months at a time and were limited by manual work order and trip report filing. All this red tape inhibited their ability to get back on the road quickly, causing disastrous delays for the communities they serve. A combination of DocuPhase’s Document Management and Workflow Automation technologies allowed AVEC to transform their paper trip reports into custom-developed smart forms. All of this data is now automatically cataloged and funneled to the proper channels and is easily accessible thanks to full-text search and auto-indexing.

Do it all with DocuPhase

Why restrict your business to only AP Automation? You need every department to be up to speed so you don’t fall behind the competition. DocuPhase’s Business Process Automation Platform can work with any team, in any industry, and will seamlessly integrate with your ERP and field-specific systems. If you are interested in bringing your entire company into the digital age, schedule a call with our team today.

DocuPhase

A leader in Enterprise Automation software, DocuPhase delivers document management, workflow automation, and capture tools designed to help your enterprise stay organized and meet evolving technology and business needs.

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