Loan Processing 101: The Basics and Best Loan Processing Tools
Few business processes are as burdensome as loan processing. The way that most loans are processed is costly, time-consuming, error-prone, and labor-intensive....
What is Accounts Payable Automation?
No finance and administration tasks are as onerous as accounts payable (AP) processing. According to the Institute of Finance and Administration (IOFM),...
What is a Digital Mailroom and What are its Benefits?
Despite the growth of email, organizations still receive lots of information through their mailroom. Whether the information is from customers, suppliers, or...
What Does Return Mail Processing Mean?
Any organization that mails documents is bound to have return mail – mail that is undeliverable. Whether the sender is a business, government entity, or...
What is Optical Character Recognition (OCR) Software?
Keeping up with all the documents and data that an organization receives can be overwhelming. Back-office staff wastes lots of time keying (and re-keying!)...
Top 6 Accounts Receivable Benefits
Cash is the lifeblood of any business. Businesses depend on cash for purchasing materials and finished goods, manufacturing and distribution, facilities...
What is a Lockbox Payment and How Does it Help Businesses?
Cash flow means more in uncertain economic times like these. Businesses need cash to purchase raw materials, market and sell their products, manufacture and...
What is Document Imaging? A Complete Guide
Despite years of chatter by information management pros, the “paperless office” remains elusive. Many documents still come into organizations as paper. ...
What is Data Extraction? Definition, Process & Tools
If your organization is struggling to manage all the information that it receives, you are not alone. The volume of information that comes into most...
What is Document Capture: Types, Process and Benefits
If your back-office staff wastes lots of time manually processing documents, you are not alone. The ever-increasing volume of documents coming into...