Removing paper from the equation
Earlier this year, Metafile surveyed 209 executives, IT professionals and other employees in companies of all sizes that use Microsoft Dynamics ERP solutions. One of the most interesting findings was that paper is still by far the most prevalent form of processing AP/AR. Nearly three-quarters of respondents indicated that invoices are primarily shared among co-workers in hard-copy format and even among midsized organizations, more than 57 percent indicated that hard copies were their principal format for sharing invoices and associated documents for approval.
Through our work with our customers, we have found that paper is the natural enemy of efficient digital technology; sapping time, accuracy and efficiency from the organization. When businesses store their data on voluminous quantities of paper, that information can't be shared, understood or acted upon efficiently.
We've summarized our findings from this survey in our latest whitepaper, available for download here. In it, we discuss how organizations can ditch the paper to achieve efficiency, visibility and integration across the entire financial process.