Far too many companies that use GP do not know about the power of content management based capture solutions to augment and reduce manual data entry labor. Accounting based process such as AR/AP are riddled with inefficient manual processes specifically when 90% of all business transactions are still received on paper or email. Its 2016-the technology exists and is affordable to automatically extract high value data through advanced OCR, compare to receiving and PO data in GP which then allows multiple downstream processes to initiate such as approval and exception routing as well as ultimately pushing the data into GP as a voucher or inventory receipt. Customers take advantage of early payment discounts, visibility into process status, accruing for pending AP transactions, storage of documents for related searching and compliance, and most importantly hard cost labor savings of up to 75%. For example, organizations with four (4) AP clerks and 24,000 invoices per year, we project an aggregate 5 years' savings of ~$921,600.
"We have built a world-class, bi-directional integration with Dynamics products specifically Great Plains (GP) that allow our customers to automate low value accounting tasks such as data entry, matching, coding and workflow routing with our premiere content and document management system docSTAR. We offer GP users a way to batch capture AP Invoices and Sales Orders, extract all relevant metadata including header/footer and line items to reduce manual data entry by up to 80%." said Brent Wesler, EVP and Managing Director. "Our technology is a game changer. It makes no sense for any company with decent AP volume to continue to process documents manually. With our GPUG membership, and continued involvement within the GP community will help us push the message of AP automation to the people who need it most."
More information: http://www.piftechnologies.com/index.php/news/pif-technologies-inc-becomes-partner-member-dynamics-gp-user-group-2/
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SOURCE PIF Technologies, Inc.