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MOVING TO A DIGITAL MAILROOM? CONSIDER THESE THINGS FIRST

In Digital Mailroom by Data Dimensions

A recent article on AIIM.org listed some of the obvious physical benefits of digitizing your mailroom, including reduced document storage space and less need for photocopying and paper handling. But, as the article points out, there are other benefits that are less obvious but much more important in transforming how a company does business. These include: Improved ability to search …

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AUTOMATE YOUR REMITTANCE PROCESSING TO SURVIVE CHALLENGING TIMES

In Remittance Processing by Data Dimensions

If the COVID-19 pandemic has proven anything, it’s that cash flow management is critical for organizations to survive. Processing payments and remittances in a timely manner can become an overwhelming burden that leads to a much longer cycle time with higher costs. Though much of the country is working remotely, remittance processing remains a crucial task that more often than …

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LEARN HOW YOUR COMPANY CAN BENEFIT FROM AUTOMATING AP WORKFLOW

In AP Workflow by Data Dimensions

Companies that automate their Accounts Payable workflow stand to benefit financially, according to a study at IOFM.com: Companies that use “limited automation” (no more than 20 percent of invoices received electronically) can expect to receive 52.9 percent of early pay discounts. Companies with “moderate automation” (21 to 69 percent of invoices received electronically) can expect 58.5 percent of the same …

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AS TECHNOLOGY GROWS, CAN YOUR ORGANIZATION ENSURE COMPLIANCE?

In Compliance by Data Dimensions

New developments in technology mean increased efficiency, speed and data processing power, but they also bring regulatory risks. As an article at Corporate Compliance Insights points out, growth in data-processing “continues to outpace clear regulatory and ethical consensuses, which leaves organizations struggling to weigh their current value against the potential for crossing an as-yet undefined line.” If your organization doesn’t …

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WHAT’S NEXT FOR ACCOUNTS PAYABLE DEPARTMENTS AFTER COVID-19?

In AP Workflow by Data Dimensions

After three months of a whirlwind of activities adjusting to the operational disruption caused by the COVID-19 pandemic, most accounts payable departments have settled into an operational rhythm.  Now the hard part begins.  Accounts payable departments must rethink the way they operate and their underlying cost structure.  Tired approaches to processing invoices cannot meet the challenges created by COVID-19: New …

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AUTOMATING YOUR AP PROCESS IS VITAL — BUT YOU SHOULDN’T DO IT YOURSELF

In AP Capture by Data Dimensions

A recent Business Insider report showcased the paradox facing the payments market: Businesses struggle to deal with high volumes of invoices, but converting from an analog process to a digital one is extremely difficult, with “entrenched habits and limited resources” causing many companies to question how they can make the transition. But there is an answer: Companies seeking to digitize …

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PANOPTIC OFFERS SOLUTION FOR WORK COMP CHALLENGES, EVEN IN DIFFICULT TIMES

In Panoptic by Data Dimensions

According to an April 24 article by Marianne Tancor, the workers comp industry is facing dramatic challenges during the COVID-19 pandemic. Insurance carriers are being hit with new regulations, collection of insurance premiums has become more difficult and some legislators are seeking to expand coverage and compensation beyond what policies originally called for. In addition to navigating these new challenges, …

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LET AN EXPERIENCED PROVIDER AUTOMATE YOUR PRINT AND MAIL PROCESS

In Print and Mail by Data Dimensions

The COVID-19 pandemic has had a dramatic impact on direct mail, with the U.S. Postal Service struggling, hundreds of events canceled, businesses closed or trying to survive under current constraints, and a drastic drop in the volume of mail being sent by companies. In an article for Target Marketing, writer Summer Gould says “In 29 years of working with direct …

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NOW MORE THAN EVER, YOUR COMPANY NEEDS A DOCUMENT IMAGING STRATEGY

In Imaging by Data Dimensions

The COVID-19 pandemic has forced many companies to rethink how they do business, including switching to a remote workforce. The trouble with this, according to Alan Pelz-Sharpe, founder of the research firm Deep Analysis, is that it reveals weaknesses in many companies’ existing document management systems. “Document management has been overlooked and underloved for a long time,” Sharpe said in …

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LET A RELIABLE PROVIDER HANDLE YOUR COMPANY’S PRESCRIPTION PROCESSING

In Prescription Processing by Data Dimensions

The COVID-19 pandemic has put tremendous pressure on most aspects of the medical industry — including prescription processing. There’s considerable uncertainty on the production side (as this article states, about 90 percent of all active pharmaceutical ingredients, or APIs, are made outside the United States, often in China or India). And once the drugs are produced, distribution to patients has …