Scanning Legacy Engineering Drawings

Engineering design packages, such as AutoCAD and SolidWorks, have virtually eliminated the need to print engineering design documents. These packages also enable red-line editing and mark-ups, so that any changes that may need to be made can be initiated electronically. These work well in offices, where people have access to computers and have the software… Read More »

Document Scanning for Financial Services

From multinational banks to your local credit union, financial institutions require physical signatures on a multitude of documents, including: New account on-boarding Signature cards Mortgages and other loan applications Titles, contracts and other loan documentation Checks In many cases, these documents originate electronically from within the banking systems. However, once signed, they usually sit in… Read More »

Document Scanning and Healthcare Providers

Most healthcare providers have the software and processes in place to better manage patient records and charts with Electronic Medical Records (EMR) systems from vendors such as Cerner, Epic, McKesson, and many others. What about the rest of the business? The Business of Healthcare Healthcare providers must also deal with the day-in, day-out regimen that… Read More »

Document Scanning for M&A

A recent study indicated that merger and acquisition activity will continue increasing over the next 2-4 years. Many larger organizations, especially pharmaceuticals and financial services, have strong cash positions and the opportunity to acquire other organizations. Their targets tend to be organizations under $250M in revenue. Acquisition Candidates Still Use Paper Many small and mid-sized… Read More »

Accounts Payable Automation Begins in the Mailroom

By now, you’re probably aware that accounts payable (AP) automation by using workflow systems can cut invoice processing costs by up to 90%. This is achieved by eliminating duplicate payments, routing quickly to approvers, taking advantage of early payment discounts and has the added benefit of giving management better visibility into cash flow. How then… Read More »

Shared Services for Accounts Payable

As organizations grow and evolve, optimizing cash flow increases in importance. Streamlining invoice processing throughout your organization, particularly if it is decentralized today, can help make sure that you establish clear visibility, control and optimization of your cash flow – particularly when utilizing an AP Shared Services model, whether in-house or outsourced. A Universal Need… Read More »

Document Imaging & Management Market Trends

“As InfoTrends continues to track the evolving document management market, we like to see how providers are expanding their services. Last week, I toured New England Document Systems in Manchester, NH to gain a better understanding of how smaller providers are remaining competitive in the document management solutions market.”    – Paul Rizzuto As InfoTrends… Read More »

Document Imaging ROI

There are over 4 trillion paper documents in the U.S. and this pile of paper is growing at a rate of over 22 percent a year. Users send and receive an average of 133 e-mail messages every day. These numbers are constantly increasing, and are only expected to continue as the years go by. Yet… Read More »