Build on Benefits of Microsoft Dynamics: Ten Criteria for a Truly Useful Document Imaging System

What can a document imaging system do for your accounting department?

Let's say you've implemented Microsoft Dynamics GP, NAV or AX and it's easier and more efficient to manage your business from a financial perspective. You're running standard and ad-hoc reports, tracking and managing your suppliers; integrated billing and fixed assets tracking is a cinch.

While you've simplified accounting processes, maybe you discovered inbound documents that drive these processes are utterly disconnected from your Microsoft Dynamics system. You also may be inundated with an array of paper and other electronic documents that are related to business transactions but filed separately. Most likely, you can blame the age-old invoice process.

What is the real cost to process an invoice?

 A 2008 International Accounts Payable Professionals survey revealed the average cost to process a single invoice falls between $8 and $10. Manual document handling and data entry processes were responsible for 70% of these costs.

Throughout the invoice process, paper is everywhere from the originating request, to the purchase order, invoice, and...