An overwhelming percentage of businesses still rely on paper-based, labor-intensive processes for accounts payable and accounts receivable. For example, most accounts payable departments receive the bulk of their supplier invoices in paper format. The Internet promised to change all of this, but as accounts payable professionals have found out, business process change does not keep pace with technology innovation. Consequently, businesses still expend significant time and effort to manage their invoice receipt-to-pay cycles.

Some are using imaging tools to capture information from invoices, yet most struggle to build a seamless workflow model for processing those invoices and tying them into their existing payment and reporting tools. Imaging and Workflow Automation (IWA) solutions bridge this gap by addressing the main obstacles to streamlined invoice management:

• Capturing information from invoices that vary in their format and structure;
• Managing the invoice approval process with control and visibility.

Our packaged research and consulting services can help you determine how your organization can use IWA to achieve its business objectives:

• Market overview - Draw on our expertise in IWA to improve your product and management teams' understanding of the current state and future direction of IWA.
• Opportunity assessment - Employ our proprietary tools and models to pinpoint the benefits and potential ROI of an IWA solution for your company.
• Vendor/solution selection - Take advantage of our research library to learn about specific vendors and solutions or, to reduce your project risk even more, ask us to manage your RFI/RFP and vendor evaluation processes.