Serving the Elite Banks in the World – BACS
Overview
Streamlining and then automating the existing document management system and invoice processes can often solve critical business problems. This is called DPA or Document Process Automation. DPA streamlines and automates the manual document processing methods, which includes traditional invoice processing methods. Invoice processing was initially the task of the Accounts Payable department. However, while it is time-consuming, it is also an error-prone process when done manually. The advantages of using DPA covers multiple departments, business units and individuals. Using DPA simplifies otherwise complicated processes involving document management. Document processing applications of DPA include: Document Composition and Design, Document Validation and Capture, Document Retrieval and Storage, Document Delivery, Invoice processing and AP Automation.
Benefits
In terms of document management, the use of DPA improves profitability as opposed to original document processing. This is because costs are reduced, mostly for accounts payable departments. It also boosts revenue from improving customer and supplier interactions. In addition DPA improves decision-making, supplier relationships, and even the environment because of the reduction of document printing on paper. DPA supports compliance, via a greater audit and compliance controls. DPA also improves staff morale, since there is less paperwork required. Therefore, staff can do more important things. DPA also improves the utilization of resources, with less human resources inefficiently used. DPA can extend your ERP investment. The systems offered can be integrated with ERP systems that exist. These systems include Oracle, SAP, Microsoft Dynamics AX and Oracle.
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