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Article: A smart way to save millions: Automation of Invoice Processing.
- Article from:
- Computer News Middle East
- Article date:
- October 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Though organisations of all sizes have to deal with the processing of invoices on a daily basis, only a few of them are aware of which costs are related to this process. Astonishingly enough and despite a wealth of competitive and economical advances, most companies in the gulf region still lack automated processes.
According to independent industry studies, the manual processing of a single invoice can sum up to more than AC 50. At Aafirst glance, this amount may sound astonishing, but if one imagines the multitude of related manual tasks like opening, sorting, transmitting, data entry, exception handling, storing and retrieving, not to mention the inherent risk ...
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