Resources for International Standards Organization (ISO) 27002 (17799)

Streamlining Invoice Management: How to Improve Operational Efficiency in Accounts Payable

FileNet Corporation

"Are you drowning in paper invoices? How much does your organization spend in time and labor to prioritize, route, process, and file the sea of invoices and associated documents involved in running your business? Learn to streamline invoice processing by electronically managing interactions across supply chain partners, back-office applications, and the people who control the processes. David Hay, Hewlett-Packard Director of Shared Services Business Services Outsourcing, explains how HP is leveraging FileNet's Enterprise Content Management (ECM) solutions to improve efficiency, visibility and performance in this recorded Webinar. He is joined by Henry Ijams, Managing Director of analyst firm PayStream Advisors, who reviews current trends and outlines best practices AP automation.

Developed by Soluziona on FileNet's Enterprise Content Management platform, the Managed Pay solution automates the processing of invoices by managing the flow of work between supply chain partners, back-office applications, and employees. This enables organizations to:

- Reduce invoice cycle times from weeks to days to minutes and maximize vendor discounts
- Cut processing costs as much as 70%
- Improve productivity by 30% or more and optimize key staff resources
- Mitigate Sarbanes-Oxley compliance risks and ease audits

If you are responsible for your organization's accounting or information systems, you are invited to learn how ECM technology can rescue you from all this paper and reduce your operational costs.
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