CMW Reduces Costs While Increasing Efficiency and Accuracy with 100% Paperless AP/AR Solution
PUBLISHED BY: Metafile
The company's AP and accounts receivable (AR) departments were entirely paper-based, operating without standardized procedures. Both the format and function of AP and AR documentation varied among departments – and even among individual employees. Billing clerks’ desks and numerous file cabinets were saddled with piles of file folders often bursting at the seams with vendor and customer invoices, purchase orders, time sheets, and supporting documentation. The documentation itself was often a hodgepodge of non-standardized faxed and handwritten material that compromised CMW’s ability to provide and receive accurate payments from suppliers and customers for services rendered.
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