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Data Capture for Accounts Payable

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Focus Area: Purchase to Pay
Publication Date: 09/01/2013

Data Capture for Accounts Payable

Introduction

PayStream Advisors is developing a market discovery report for professionals who seek information on how to automate indexing and/or data entry in Accounts Payable. This report is intended to help Accounts Payable, Purchasing, and IT buyers make vendor and technology selection decisions as they evaluate Optical Character Recognition (OCR). This report will focus on OCR providers who have strong AP capabilities and product strategies to meet the needs of medium and large corporate Accounts Payable automation efforts.

Audience

VP-Finances, CFO’s, controllers, A/P managers, purchasing managers, shared services managers, and IT directors at companies who understand basic concepts and opportunities around automation and are interested in solving the paper-intensive document management process in their A/P departments. This report is targeted to individuals who require preliminary provider and product information to identify appropriate providers.

Objective

The primary objective of this report is to provide an industry overview on building a business case for data capture and introduce leading solution providers.

Report Scope

The report will review vendors in the Optical Character Recognition (OCR) space (as shown in Figure A) who have developed a targeted product portfolio for Accounts Payable such as PO lookups and validation of line item detail. Figure A represents a map of the key features that OCR providers offer as part of their products and services. PayStream Advisors actively works with managers and decision makers in the Fortune 1000 to provide them with deep insights on financial process improvement and neutral viewpoints about available solutions in the market. From these direct experiences, we have uncovered a marketplace need for better information to understand targeted solutions, which help streamline specific processes and deliver quick ROI. This report is aimed at the growing number of companies that are looking for appropriate solutions that can automate and optimize their A/P processing cycles by lowering cost, increasing efficiency and reducing errors and exceptions.

 

Figure A

Report Sponsorship

Please contact at 704-405-5983 for sponsorship opportunities.