How We Begin

Organizations often begin by automating their accounts payable process

HOW WE BEGIN

Organizations that want a quick win with an information management platform often begin in the accounting department by automating their accounts payable process.

The need for automation in accounting departments is great, since 83 percent of invoice processing is still paper-based and labor-intensive.

KEY QUESTIONS

Most accounting departments begin by asking two key questions:

  1. “We require physical signatures for invoice approvals. How can we do this electronically and still maintain an audit trail?”
  2. “If we eliminate paper invoices, and I need to retrieve an electronic invoice later, how will I be able to search and find the invoice I need?”

V3 Information Management’s solution addresses these questions:

  1. We use approved and secure digital signatures and create a digital audit trail, showing who approved the invoice and when.
  2. Any document and content within that document – like invoice number, date, purchase order number, or vendor name – is searchable on the platform from the repository. So any document can always be quickly retrieved.

In the industry, these solutions are sometimes known as:

  • Business process management (BPM)
  • Document management systems (DMS)

  • Document repository solutions (DRS)
  • Enterprise content management (ECM)

  • Enterprise information management (EIM)

Ready to get started and streamline your own processes?

CONTACT US

V3 Information Management has more than 15 years of industry experience and is ready to serve you!

Contact us at (888) 312-7637 or fill out the form below.