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August 24, 2004 Charlotte – PayStream Advisors, Inc. announces the release of its report titled Imaging and Workflow: A Buyer's Guide to Accounts Payable Automation Solutions . This in-depth research report highlights the growing trend of companies turning to Imaging and Workflow solutions to streamline the invoice receipt-to-pay cycle as a result of increasing emphasis on cost containment and Sarbanes Oxley compliance. In addition to giving financial professionals an in-depth look at the automation opportunities in Accounts Payable, the report provides specific information about the following vendors and their solutions: AnyDoc Software, BasWare, FileNet, Hyland Software, Kofax, LASON, ReadSoft and Stellent (formerly Optika).
PayStream Advisors estimates that worldwide spending on IWA solutions in AP will increase from $1.98 billion in 2004 to $3 billion by 2009. “In general, accounts payable departments' have been one of the last corporate groups to seize opportunities from document imaging” noted Henry Ijams, Managing Director. “We expect a dramatic shift in accounts payable automation as many organizations look to IWA solutions, including Optical Character Recognition, to achieve their payables automation objectives and adapt to changes in the regulatory environment.” Imaging and Workflow concludes with solution profiles that allow readers to compare and contrast automation solutions that best suits their specific requirements.
PayStream Advisors periodically hosts free Web seminars to educate corporate managers about how financial automation tools can be used to reduce costs, improve efficiency, and enhance service. To find out how you can download the report or attend a complimentary Web seminar please visit paystreamadvisors.com/reports
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical, and actionable recommendations. Wherever financial automation technology is an issue, PayStream Advisors is there to help. For more information, call (704) 523-7357 or visit us on the Web at paystreamadvisors.com .
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