Partnering with Epson to Showcase the Latest in Intelligent AP Automation
Greenwood Village, CO – May 15, 2018 – Digitech Systems and Epson have partnered to showcase Accounts Payable (AP) Automation technologies at the APP2P Conference and Expo. The Conference is taking place May 20-22, 2018 at Disney’s Contemporary Resort in Florida, where Digitech Systems is attending.
Despite efforts to implement e-invoicing, many businesses are still struggling to simplify and streamline AP processes. According to the Institute for Finance & Management (IOFM), the average organization receives at least 1,200 invoices each month at a processing cost of $11.76 per invoice. Nearly 70% of invoice handling costs are related to document handling and manual data entry alone.1 This reliance on paper leads to slow processes, lower overall accuracy rates, and higher costs.
Digitech Systems and Epson® have teamed up to offer an all-in-one hardware and software solution to help organizations of any size convert to an automated AP process. When Epson scanners are combined with PaperVision® Capture, from Digitech Systems, the process of converting paper invoices into electronic files is dramatically simplified. The patented artificial-intelligence (AI) engine within PaperVision Capture known as PaperVision® Forms Magic™ technology can automatically recognize invoices, classify them by vendor, and extract the data needed while uploading it to virtually any accounting system. Invoices can then be routed through approvals and payment processes much more quickly and cost-effectively while simultaneously reducing accounting errors.
About Digitech Systems, LLC.
Digitech Systems, LLC enables businesses of any size to more effectively and securely manage, retrieve and store corporate information of any kind using either PaperVision® Enterprise content management (ECM) software or the world’s most trusted cloud-based ECM service, ImageSilo®. By significantly reducing the cost, Digitech Systems has moved ECM from a luxury convenience to an essential element for every well-managed business.
Digitech Systems continues to raise the standard of excellence in the ECM sector, as evidenced by the numerous awards they have received including the CIOReview Top Document Management providers, InfoWorld 100, CRN’s Emerging Tech Dynamos and multiple Nucleus Research ROI Awards. In addition, Buyer’s Lab has recognized both PaperVision Capture and PaperVision Enterprise as the best products in the enterprise capture and ECM fields. To learn more about the company’s software and services that deliver any document, anywhere, anytime, visit www.digitechsystems.com or on Twitter @ECMNOW.
Epson is a global technology leader dedicated to driving innovations and exceeding customer expectations in printing, visual communications, quality of life and manufacturing. Epson’s lineup ranges from inkjet printers, printing systems and 3LCD projectors to industrial robots, smart glasses and sensing systems and is based on original compact, energy-saving, and high-precision technologies.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises nearly 72,000 employees in 93 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental burdens.
Epson America, Inc., based in Long Beach, Calif., is Epson’s regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), Twitter (twitter.com/EpsonAmerica), YouTube (youtube.com/EpsonAmerica), and Instagram (instagram.com/EpsonAmerica).
1 Institute of Finance & Management and the Accounts Payable Network. (2015). “The Accounts Payable Certification Programs.”