In order to meet current and future regulatory and compliance challenges and to avoid litigation, organizations require a highly extensible solution to securely capture, declare, classify, store and dispose of both electronic and physical records according to fiscal, legal and regulatory requirements. Historically a paper based world of file folders, filing cabinets and off-site warehouses with elaborate and costly storage requirements, records management has recently been thrust to center stage and is now under the full media spotlight due to a number of spectacular corporate blunders.

Accounts Payable Department - Fortune 1000 home security company strives to streamline invoice management for thousands of vendors.

Business Need: Improve operational efficiency and management of invoices and payment approvals in a high volume environment.

Solution: Implemented Work Item Tracking System (WITS) that provides electronic capture, routing, validation, tracking and approval processing of invoices

Benefit: WITS has enabled improved efficiency, visibility and reduced invoice cycle times from weeks to days.  Additional benefits include:
• Faster processing with fewer resources
• Reduced misplaced invoices, processing errors, delays
• Better control, accessibility and tracking of invoices
• Improved compliance and eased audits process
• Improved ability to handle larger invoice volume
•  Reduction of vendor and employee inquires