Digital solutions
Iron Mountain Invoice Processing solution
Enhance your accounts payable operations with secure and automated invoice processing management
Unstructured invoice processing operations
The lack of standardisation in accounts payable operations may lead suppliers to manually handle invoices throughout the process, from rerouting invoices to the right recipient, to exception handling, resulting in delays and potential mistakes that could raise costs to the organisation.
- 70%
of organisations still receive paper invoices
- 0.8-2%
of the total payments Is the potential cost for handling duplicate payments alone to an organisation
- $12.90
is the cost to manually process a single invoice in the Asia-Pacific region
Transform accounts payable operations with automated invoice processing
Iron Mountain Invoice Processing solution, built on the Iron Mountain InSight® Digital Experience Platform (DXP), can help you:
- Make invoice processing more transparent with secure, centralised physical and digital invoice file management. See how each invoice was handled and where your payments are going with just a click.
- Increase accuracy by automatically extracting invoice information and feeding it into pre-built, customisable workflows to avoid errors resulting from manual data entry. This will reduce or eliminate the risk of misplacing or mishandling invoices.
- Increase efficiency and reduce costs with digitisation and workflow automation, so you can sort and organise invoices with a few keystrokes for lightning-fast processing. You’ll also save the time and excess labor of monthly close.
The results speak for themselves
A large bank streamlines invoice processing operations to reduce costs and boost efficiency while maintaining traceability
Read the case study