Exploring ways to obtain rapid improvement in your Accounts Receivable department with a favorable return on investment?  Download a complimentary copy of PayStream’s new Receivables Document Management (RDM) report.  The report includes key drivers of RDM automation, along with information on how to build a business case.

 The report reveals that companies worldwide are seeking straight-through or touchless processing (STP) solutions while leveraging their Enterprise Resource Planning (ERP) systems so that the Accounts Receivable (AR) and credit staff can focus on strategically improving cash flow as well as other value added tasks.  Market demand continues to increase for solutions that facilitate STP by delivering strong functionality around automated routines to manage exceptions and dispute resolution in a collaborative manner.  There is also an increased focus on data extraction to drive automated, touchless processes.

One of the biggest challenges to achieving STP is paper handling.  Because commercial trading partner relationships are complex with multiple points of interface, it is an environment ripe for generating documents.  Paper often becomes the medium for connecting all the disparate elements internally and externally, and as such is both inefficient and costly.  This is especially critical considering AR departments are being asked to continuously do more with the same limited staff resources.

Studies show that, despite the availability of electronic document solutions, paper remains pervasive within the AR function.  Companies are actively seeking document management technology solutions to eliminate paper, reduce costs and drive better efficiency.  RDM clearly plays a critical role in AR automation.  Wherever there are paper documents or data that must be moved from one system to another or between trading partners, there is a role for RDM.  To realize the full opportunity of RDM, however, it must be fully integrated into the order-to-cash process.

Report highlights include:

• Concerns related to dispute management and account processing are sharply increasing.  Both areas can be improved with RDM technology.
• Why RDM automation is necessary and key drivers of automation.
• Key benefits associated with RDM for document imaging and content management.
• Document management solution providers who have strong capabilities to meet the needs of corporate AR automation efforts.

The Receivables Document Management: Maintaining Tight Control Over the Entire Order-to-Cash Process report is available for free. Download your complimentary copy today.