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PayStream Advisors 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.

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Accounts Payable Imaging and Workflow Automation: Using Today's Technology to Improve Business Practices

Publication Length: 67 Pages
Publication Date: 6/13/2008
Publisher: PayStream Advisors

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A new Technology Insight Series report from PayStream Advisors, Inc. titled “Accounts Payable Imaging & Workflow Automation: Using Imaging Technology to Improve Business Processes” (IWA) provides a valuable first step in researching and selecting an IWA solution. It delivers an articulate overview of trends in the industry and features profiles and comparison of eleven leading solution providers in this market.

PayStream Advisors predicts that the market for IWA solutions in the United States will grow from $780 million in 2007 to over $1.5 billion by 2012, representing a five-year compound annual growth rate (CAGR) of 14.6 percent.

Growth in Spending on IWA Solutions in the US

Key Insights and Findings

• Advanced Optical Character Recognition technologies will be a catalyst for adoption.
• Imaging & workflow solutions and ‘Web invoicing’ will cross pollinate.
• Front end solutions will prevail.
• Organizations will seek ‘straight-through-processing’.
• Impact of AP Automation on the financial supply chain.
• Multiple solution models will co-exist.

Table of Contents

1. IWA Universe
2. Different Flavors of IWA
3. Benefits of IWA
4. The New AP Automation Paradigm
5. IWA & SOX Compliance
6. Solution Profiles
7. Selecting a Solution
8. Solution Strength and Company Vision
   

This report features Solution Profiles from 170 Systems | BancTec, Inc. | BasWare, Inc. | EMC | Hyland Software | ImageNow by Perceptive Software | Imagitek | Metafile | Miria Systems | Open Text | ReadSoft

For a short time, we are offering the IWA full report, valued at over $895, as a complimentary download.