10 risks with manual ap process
TRANSCRIPT
Manual AccountsPayable Process
Financial penalties due to late payments
Poor supplier relationships due to late payments
Double payments to suppliers
Possibility of paying for goods & services you never received
Lack of visibility into cash flow at any point in time
High costs & high error rates due to employee inefficiency & manual processes
Lost or misplacedinvoices
More difficult & disruptive audits
Not being able to find documents quickly during an audit or lawsuit – or not being able to even find all necessary documents
Inability to keep up with competitors who have more efficient systems in place
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Digiscribe transforms the way companies, healthcare facilities, non-profit organizations and government agencies manage and process their documents with document scanning services, document management software and workflow automation services. Companies engage us to solve their business process problems with a portfolio of services and software that is supported with technical expertise, superior customer service and over 25 years of experience. Our New York office is one of the first SOC 2 Type 2 document conversion centers in the New York tri-state area and our Massachusetts office is centrally located to serve New England. All staff are HIPAA compliance trained. For more information, please visit digiscribe.info.
