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

by David Guilbault
Director, Customer and ISV Development for ImageTag,

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 payment. Chances are your costs are not limited to just invoice processing. How much time would you spend if you needed access to all the documents related to a single business transaction? No matter how you look at it, costs are involved, and they add up fast.

If you are touching paper and other electronic documents through any of your accounting processes, document imaging should be on your radar.

Integrate paper processing into your digital business strategy

If manual paper processing is consuming your accounting staff's time, you can integrate it into your overall digital business processes.  See how document imaging systems can improve productivity and reduce costs by:

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Accounting BI and Reporting Business Central Business Process Mgmt Customer Engagement Customer Relationship Mgmt Customer Service Customer Service Document Automation Document Imaging Document Management Dynamics 365 Dynamics AX Dynamics GP Dynamics NAV
About David Guilbault

David Guilbault is Director, Customer and ISV Development for ImageTag, where he is responsible for managing customer and partner relationships, as well as insuring their success with the company's KwikTag solution. Previously, David headed Product Management at ImageTag, where he was instrumental in transforming a patented idea into a software platform that is applicable to every document, user and business. Prior to joining ImageTag, David spent eight years with Xerox. This tenure gave him an inherent knowledge of documents and their importance to an organization. With more than two decades in technical sales, systems engineering and product management, David has invaluable expertise in helping customers streamline their business processes using technology. David is a U.S. patent holder with a degree in Computer Science from the University of Southern Maine.

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