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    April 24, 2018

    Brief History & Evolution Of OCR

    There are many different acronyms for O.C.R. – Office of Civil Rights, Official Cash Rate, Old Country Road, Operational Change Report, Orange County Raptors (lacrosse club in NY), and even Oxygen Consumption Rate, just to name a few. For the purpose of this blog, we are going to be talking about Optical Character Recognition.  [...]

    March 1, 2018

    Why To Keep Your Focus Internally When Determining AP/AR Costs

    Often you hear about large potential savings within your organization’s AP/AR processes. We also know that individual processes, invoice quantities, resources, and numerous other variables can contribute to determining the true savings of improving on outdated invoice processes across different businesses and industries.   In the world of Accounts Payable there are several ways an[...]

    February 27, 2018

    The Dunning Process & How It Can Be Avoided

    Dunning, or the dunning process, is term that represents the steps taken to communicate with customers about collecting accounts receivable payments. “Dunning” is derived from a 17th century verb (dun) which means demanding payment of a debt. As accounts become more and more overdue, this process can become increasingly invasive. That being said, countries do[...]

    January 18, 2018

    Workflow Automation vs. True Automation

    Many people have assumptions about the similarities and differences in workflow automation vs. true automation technologies. There have been a lot of workflow tools claiming automation but in reality, have little influence in removing manual processes. The Business Dictionary defines workflow automation as the use of software technology to increase the efficiency of a workflow[...]

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