Press Release
Benefits of Going Paperless Outlined in New Corcentric Video
September 28, 2009, McLean, VA – Corcentric, a solutions provider helping companies reduce the costs associated with processing business-to-business transactions, has released a new video that unveils the benefits of going paperless. The three-minute video, posted on Corcentric’s Website, focuses on e-invoicing and the steps a company can take to make the switch from slow and costly paper invoices to an electronic invoicing solution.
Forrester Research shows that accounting professionals across the country process more than one billion invoices each week, and 97% of those invoices are still being processed manually. 1 Manual processing takes hours of labor and those hours add up to lost opportunities for many businesses, according to Dave Lindeen, Vice President of Sales at Corcentric. “We have found that many accounting professionals are under-utilized at their companies, spending the majority of their time reconciling invoices, eradicating errors, and generally chasing the invoice paper trail,” explains Lindeen. “By going paperless, the accounting department is placed in more of a strategic role, focusing on capturing discount opportunities and improving cash flow forecasting.”
A major misconception is the belief that e-invoicing software is out-of-the-box and difficult to install with their current technology. It is reported that more than half of accounting professionals say that integrating e-invoicing technology with their current system is a top barrier for adopting this software. 2 Paperless accounting solutions today are customizable and many, including Corcentric, require zero installation. By implementing this technology that is tailored to their system, Corcentric has found that many customers realized an 80% cost reduction in handling every invoice.
To learn more about the benefits of paperless accounting, view the Corcentric video at www.corcentric.com/movie. It can also be found at www.corcentric.com. More facts on going paperless can be located at www.corcentric.com or by calling (877) 790-7272.
1 Jones, D. (October 2007) Forrester Research, Inc. The EIPP Market is Ripe for Consolidation. Retrieved on January 15, 2009, from http://www.documentation.es/files/BASWARE-TheEIPPMarketIsRipeForConsolidationOct07.pdf
2 Gupta, A. (March 2008) Aberdeen Group. E-Payables Benchmark Series: Imaging and Workflow. Retrieved on January 7, 2009, from http://www.readsoft.com.au/documentation/download-Aberdeen-E-Payables.htm
About Corcentric
Since 1998, Corcentric has specialized in helping companies reduce the costs associated with processing business-to-business transactions. We build customized solutions that take you from paper-based and manual processing to electronic and automated processing. The result is increased revenues and reduced business costs.
If you are interested in Corcentric or would like more information, please contact Dave Lindeen, Vice President at (877) 790-7272, e-mail dlindeen@corcentric.com, or visit the Website at www.corcentric.com. |
