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Digitizing Accounts Payable processes is now an accepted best practice. Global competition demands that organizations modernize inefficient, error-prone and costly legacy AP processes. As IOMA states "It's no longer a question of whether AP should be automated, but how to automate and to what extent." IPS AP Digitization helps companies: - Reduce transaction costs by over 50%
- Improve average data accuracy to 99.95%
- Speed process time by an average of 40%
- Audit document flow for process transparency and reporting
- Enable true back-office scalability
Outsourcing back office operations has gained wide acceptance. Yet a Dun & Bradstreet survey found 20% of outsourcing relationships fail in the first two years, and 50% within five years. A Deloitte Consulting survey found nearly 20% of companies outsourced knowledge functions that they later brought back in-house after recognizing their strategic importance. IPS answers the "to what extent" question by keeping our customers in control of their knowledge-based AP tasks and instead focusing on important but non-knowledge based AP components such as information capture and workflow processing. IPS customers include over 50% of the top 15 companies on the Fortune 500, including 4 of the top 5 Financial Services companies. Services include Digital Mailroom for electronic and paper AP document receipt, document scanning and data capture, digital workflow, web-based document hosting/archival, and process integration with all major accounting/ERP platforms including: SAP, Oracle, Lawson, JD Edwards, Great Plains, PeopleSoft and others. Contact us now to learn more about our services and the benefits of Digitizing Business with IPS. You'll be glad you did.
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