My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

Paper-based Invoices Louisiana

So paper-based invoices have your company confused and unorganized? The following article tells how to manage paper-based invoices and bill in small business companies.

Local Companies

Sigma Solutions
504-733-0337
660 Distributors Row
New Orleans, LA
I T by Design
225-753-4823
12030 Lakeland Park Blvd
Baton Rouge, LA
Strategic Staffing Solutions
504-598-9414
1100 Poydras St
New Orleans, LA
CMA Technology Solutions
225-927-9200
8180 YMCA Plaza DR
Baton Rouge, LA
Gulf South Technology Solutions LLC
225-216-2169
5757 Corporate Blvd
Baton Rouge, LA
Creative Computer Solutions
225-925-3210
1651 Thibodeaux Ave
Baton Rouge, LA
Custom Accounting Solutions Inc
225-935-2202
2974 Fritchie Dr
Baton Rouge, LA
Network Solution Providers
225-709-2591
5515 Superior Dr
Baton Rouge, LA
Franke Consulting LLC
504-339-1349
205 Hollow Rock Ct.
Slidell, LA
Turn Key Solutions
504-273-0927
909 Poydras St
New Orleans, LA

Both big or small business must always deal with accounts processing to handle their invoices and bill payments. As this processes deals with cash flow of the company it must be managed properly with full concentration. In this millennium there are modern equipments like online bill payment, electronic invoicing, and P-card are available that remove the paper based processing from the accounting department. But the fact is these technologies may reduce the paper documents but cannot remove it. According to Aberdeen Group research report research report 80% of invoices come in paper format which increases as the company goes smaller and smaller

Utility of Account Data capture Software

Several companies like Kofax , ReadSoft , AnyDoc and Abbyy manufactures data capture solutions specifically developed to convert all the paper based documents into data to sent to the accounting or ERP systems. Large corporations have seen its utility which has increased efficiency of their accounting departments and achieved significant productivity gain in processing their accounts payable and accounts receivable data. Small business cannot afford the cost of the software. Most of the small companies use software just to scan their paper based accounting documents and manually enter the accounting data into their accounting or ERP system.

Reason for not using Account Data capture software

Beside the cost of the sophisticated software other utilities are







Thus it becomes unbearable for small company to buy this software. Moreover your accounting or ERP system must have a compatible interface with the software otherwise it may not run. Sometimes the software couldn't identify the scanned hand made documents for which sometimes your have to work manually. Software vendors embraced OCR and ICR technologies into their product to capture the account data accurately from the scanned images, they're still long way to go to remove the manual process. So still a long way to go to remove manual work.

Thus big companies using an account data capture solution can affordable it and they can justify the cost of managing it. But for small companies it is not an affordable solution and their in-house manual process is not cost-effective and efficient.

So what is the way ouy from here?

Outsourcing to different offshore vendors help a lot to get account processing documents converted to your account or ERP systemThey can use their existing infrastructure to send the data to offshore location securely through Internet to be processed by the offshore vendor. For more details on how the process works read Cybelink Secure BPO They don’t have to change their unique way of management of accounts department

Only change is instead of small business personnel offshore vendor is responsible for converting all the account data from the scanned images to the accounting software or ERP system.

After receiving the scanned images, following are the typical tasks performed by the offshore vendor.





Once they receive the finished files from the offshore vendor, they can import it into their accounting or ERP systems for verification and further processing it.

Small businesses can achieve several benefits from using offshoring accounts payable and accounts receivable services; cost of processing their paper documents will decrease by 50% to 60%. The cost saving does not come free, small businesses needs to overcome issues like offshore security and offshore outsourcing cultural issues. But by carefully managing their offshore vendors small businesses can gain the cost reduction and operational efficiency in their accounts payable and account receivable operations.

About the Author:

Mani Malarvannan is cofounder of Cybelink, a company specializes in small business financial and accounting outsourcing like Bookkeeping, Tax, Accounts Payable, Accounts Receivable, etc. For more info visit http://www.cybelink.com






Article Source:

thePhantomWriters Article Submission Service

Featured Local Company

Sigma Solutions

504-733-0337
660 Distributors Row
New Orleans, LA
Read more about Paper-based Invoices

Related Articles
- Billings 3 Beta Louisiana
Billings 3 is an update to Marketcircle's estimating, time tracking and invoicing application. It's simple to set up, with a logical workflow that centres around clients and projects.
- Streamtime 9 Louisiana
- Review: Billings 3 Louisiana
- Billable 1.0.1 Louisiana
- Document Management Software Louisiana
- Billings 2.5 Louisiana
- Review Of Billing Software Louisiana
- How To Organize Folders Well Louisiana
- Review: To-Do Lists for iPhone Louisiana
- NolaPro 4 Louisiana
Regional Articles
- Paper-based Invoices Abbeville LA
- Paper-based Invoices Alexandria LA
- Paper-based Invoices Baker LA
- Paper-based Invoices Bastrop LA
- Paper-based Invoices Baton Rouge LA
- Paper-based Invoices Bogalusa LA
- Paper-based Invoices Bossier City LA
- Paper-based Invoices Breaux Bridge LA
- Paper-based Invoices Carencro LA
- Paper-based Invoices Chalmette LA
- Paper-based Invoices Covington LA
- Paper-based Invoices Crowley LA
- Paper-based Invoices Denham Springs LA
- Paper-based Invoices Deridder LA
- Paper-based Invoices Eunice LA
- Paper-based Invoices Franklinton LA
- Paper-based Invoices Gonzales LA
- Paper-based Invoices Gretna LA
- Paper-based Invoices Hammond LA
- Paper-based Invoices Harvey LA
- Paper-based Invoices Haughton LA
- Paper-based Invoices Houma LA
- Paper-based Invoices Jennings LA
- Paper-based Invoices Kenner LA
- Paper-based Invoices La Place LA
- Paper-based Invoices Lafayette LA
- Paper-based Invoices Lake Charles LA
- Paper-based Invoices Leesville LA
- Paper-based Invoices Mandeville LA
- Paper-based Invoices Marrero LA
- Paper-based Invoices Metairie LA
- Paper-based Invoices Minden LA
- Paper-based Invoices Monroe LA
- Paper-based Invoices Morgan City LA
- Paper-based Invoices Natchitoches LA
- Paper-based Invoices New Iberia LA
- Paper-based Invoices New Orleans LA
- Paper-based Invoices Opelousas LA
- Paper-based Invoices Pineville LA
- Paper-based Invoices Plaquemine LA
- Paper-based Invoices Ponchatoula LA
- Paper-based Invoices Prairieville LA
- Paper-based Invoices Rayne LA
- Paper-based Invoices Ruston LA
- Paper-based Invoices Saint Martinville LA
- Paper-based Invoices Shreveport LA
- Paper-based Invoices Slidell LA
- Paper-based Invoices Sulphur LA
- Paper-based Invoices Thibodaux LA
- Paper-based Invoices Ville Platte LA
- Paper-based Invoices Walker LA
- Paper-based Invoices West Monroe LA
- Paper-based Invoices Westwego LA
- Paper-based Invoices Zachary LA
Related Articles
- Billings 3 Beta Louisiana
Billings 3 is an update to Marketcircle's estimating, time tracking and invoicing application. It's simple to set up, with a logical workflow that centres around clients and projects.
- Streamtime 9 Louisiana
- Review: Billings 3 Louisiana
- Billable 1.0.1 Louisiana
- Document Management Software Louisiana
- Billings 2.5 Louisiana
- Review Of Billing Software Louisiana
- How To Organize Folders Well Louisiana
- Review: To-Do Lists for iPhone Louisiana
- NolaPro 4 Louisiana
Related Local Events
2010 IEEE Radio and Wireless Symposium (RWS)
Dates: 1/9/2010 - 1/15/2010
Location: Sheraton New Orleans Hotel
New Orleans, LA
View Details
Annual Technical Conference & Exhibition (ATCE 2009)
Dates: 10/4/2009 - 10/7/2009
Location: Ernest N Morial Convention Center, New Orleans
New Orleans, LA
View Details
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.