Paperless Accounts Receivable Offers Substantial Savings Per Latest PayStream Advisors Report
Metafile, a Minnesota-based content management firm dedicated to providing financial innovations via paperless automation solution MetaViewer, is helping ensure companies take advantage of the working capital improvements available to them with a shift towards paperless accounts receivables processes by offering a complimentary download of PayStream Advisors latest "Receivables Document Management Report".
The "Receivables Document Management Report" was authored by PayStream Advisors and co-sponsored by Metafile. The report predicts a burgeoning market over the next five years in the United States for paperless accounts receivables document management solutions with a corresponding annual growth of ten percent expected.
Also predicted is the success of firms who adapt to this flourishing market early, by replacing the paper based files and processes in their accounts receivables departments with easily accessible electronic files and automated financial practices.
"While the move towards paperless is an evolution that will be of benefit to nearly every company, it is not necessarily a shift that many will find easy to move to overnight," states Jim Mandt, Metafile's Vice President of Technical Services. "Accounts receivable practices, including order processing and invoice delivery, remain highly paper intensive. Companies should take time to plan before making this move."
The Receivables Document Management Report helps make this shift more palpable for companies still reluctant to completely move into a paperless environment. A key aspect of the whitepaper is the sharing of appropriate strategies for effectively taking accounts receivables processes paperless.
Strategic advice detailed throughout this whitepaper includes:
- Determine the needs of your organization: Are you looking to improve workflow, enable document imaging, or both? Many paperless automation vendors exist in the marketplace today that can quickly automate one or more of these processes. Knowing your company's needs prior to researching for a solution ensures more beneficial initial consultations.
- Determine the savings objectives of your organization: Taking one or more of your accounts receivables processes paperless brings with it the promise of both time and financial savings. So where should you start? Discover which of your practices are costing the most in terms of time and money and find a vendor who can most readily upgrade that process.
- Don't' Fall Behind: To remain current with leading revenue cycle practices, businesses must embrace a strategy that moves the organization towards a paperless environment. Those who do not will continue to struggle with costly inefficiencies that drive down net profit.
PayStream Advisors latest "Receivables Document Management Report", co-sponsored by Metafile, is proudly offered for complimentary download on Metafile's MetaViewer website.
Also available for complimentary download from Metafile is PayStream Advisor's "Imaging & Workflow Automation Report", released earlier this year.
About Metafile
Metafile Information Systems, Inc. provides workflow automation solutions via its customizable content management solution MetaViewer. A privately held software development and integration firm, Metafile has helped the financial departments of companies such as Winn Dixie, Gate Petroleum, Wellborn Cabinet and Allied Beverage streamline accounts payable and accounts receivable processes for over 25 years. For more information on Metafile and MetaViewer visit: www.metaviewer.com.
About PayStream Advisors
PayStream Advisors (paystreamadvisors.com) delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable.
SOURCE: Metafile