How an Invoice Management System Can Help Your Company Manage Invoices.

(prHWY.com) February 12, 2013 - PA, PA -- PA, Feb 12, 2013 - Invoice Management Solutions are specialized document management systems developed specifically to manage invoices and their corresponding documents within the finance department.
Invoice Management Solutions can help achieve strategic objectives such as improved productivity, streamlining of business process, improvement in the supply chain relations and probably most importantly dramatically reduce costs. Along with these benefits come a host of new benefits when we involve e-business that will be examined in the second report.
Invoice Processingcan be highly complex or incredibly simple - it depends on the business requirements. Most solutions are scalable so extra functionality (new processes, extra people or added capture methods) can be included, as the business needs dictates. Traditionally, invoice management was simply an electronic filing cabinet - instead of manually filing paper invoices they were scanned and stored as electronic documents. This removed storage costs and made retrieval of documents much faster. Auditors, managers and other interested 3rd parties were happier as they could access documents much more easily, making their job faster.
Today, invoice management still provides an electronic filing cabinet but with improvement in workflow. Invoice Management Solutions can today improve your entire existing business processes. There is no need to change the way you work to accommodate a new system as it simply automates the way you currently work. However, it removes, automates or simplifies many of the time consuming and repetitive
Of the data held within organizations, 90percentis estimated to be paper-based formats and is rarely controlled in a strategic manner. It is time consuming to locate items, sometimes completely inaccessible by the employees when they require this. Much time and effort is taken to control the remaining 10% typically held in large databases using complex applications to store and retrieve. Invoice Management Softwarecan make it easier to control, retain, retrieve and manage financial spending data, improving business performance.
Invoice Management allows employees, regardless of their location, to access documents and data securely from a browser. As documents can be accessed over a LAN, WAN or Internet browser they can be accessed by authorised users as and when they need them - regardless of their location. This improves the productivity of knowledge workers who can respond to queries instantly.
About the Author:

Invoice Management Software- ExpenseWatch.com delivers spend management products & services for businesses that automate manual, time consuming paper-based processes for company purchases, payable invoices and expense reports, while enabling visibility and control of all company spending.
Contact Details

ExpenseWatch.com
620 W. Germantown Pike
Suite 175
Plymouth Meeting, PA 19462

###