Partnership Enables Digital Accounts Payable Processes
Greenwood Village, CO – May 24, 2016 – 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 23-25, 2016 at Walt Disney World Resort, FL, where Digitech Systems is a Gold Sponsor.
Despite efforts to implement e-invoicing, many businesses are still struggling to simplify and streamline AP processes. The Institute for Finance and Management (IOFM) estimates that more than 70% of invoices in the United States are still paper-based.1 When invoice information is trapped in paper form, businesses struggle with executing processes efficiently, protecting financial data from prying eyes, and reducing the cost of doing business.
Through a technology partnership, Epson scanners can be combined with PaperVision® Capture, from Digitech Systems, to simplify the process of converting paper invoices into electronic files that can be processed using the same controls as natively electronic invoices. PaperVision® Forms Magic™, an artificial intelligence (AI) driven component of PaperVision Capture, can sort the scanned invoices into categories and then extract business information such as invoice number, vendor, date, line items and invoice total to send to an accounting application like Microsoft® Dynamics GP, SAP®, or Oracle®. Electronic invoices can then be routed through approvals and payment processes more quickly and cost-effectively while simultaneously reducing accounting errors.
Visit Digitech Systems and Epson at the APP2P Conference Booth #403 to see a demonstration of the five simple steps to AP Automation, and don’t miss our speaker session Bring Intelligence to AP Automation on Tuesday, May 24, 2016, @ 11:30 am.
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.” 36.