Any business either big or small must always deal with various various paper based forms to handle their invoices and bill payments. As it deals with cash flow of the company it must be managed and processed properly. There are several new and promising technologies like online bill payment, electronic invoicing, and P-card are available that promises to remove the paper based processing from the accounting department. Let us face it, these technologies may reduce the paper documents but cannot eliminate completely. According to Aberdeen Group research report 80% of invoices come in paper format and this amount is more for small businesses. Also the invoices comes in various shapes and sizes making it difficult for companies to process it. Read more
Written by Mani Malarvannan · Filed Under Research Articles | 1 Comment
In late 1990 businesses started outsourcing their noncore business processes, mainly to save cost. Recently businesses started seeing the potential of outsourcing and started using outsource vendors for both their noncore and core business processes to gain strategic value in their businesses. Companies are seeing success in their outsourcing initiatives and reporting all the outsourcing benefits like cost saving, operational efficiency, and strategic advantage in their core businesses. For companies there is no way to measure all the outsourcing benefits achieved by their outsourcing efforts. Read more
Written by Mani Malarvannan · Filed Under Research Articles | Leave a Comment
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