September 19, 2018
One of the most famous legends when it comes to consistent accuracy is the English folk hero, Robin Hood. In addition to his fabled exploits of robbing from wealth accumulated by ill-gotten means to help the peasantry, he is perhaps even more famous for his skills in archery. After all, he is not the only legend to “steal from the rich and give to the poor” – but he is the only one to have one of the rarest feats of skill named after him, “The Robin Hood Shot.” The idea is very simple. First, you hit the center of a bullseye in a target, already difficult enough. Then you repeat the shot so perfectly the second arrow splits the first in half. Continue reading “DocXAP Hit’s the Bullseye Every Time”
August 12, 2018
DocXAP, by Virtual Data Partners, modernizes your company’s accounting process with many benefits. It’s not that your staff is any less important. Far from it, your employees are more important, because with DocXAP one employee can now do what used to take many. From maintaining accounts receivable and accounts payable, to internal documentation and communications, what used to require large departments can be run by small teams or even a single employee (depending on your company’s size). We can process all your current vendor invoices and other existing accounting forms using our 99% accurate OCR and validation service. Continue reading “Modernizing your Accounting Department with DocXAP”
The reason why labor is so expensive isn’t just the base cost of paying employees. There is the compounding factor that people make mistakes. Organizations have to figure how many hours it takes an employee to complete labor intensive tasks the first time, then add additional time and salary for possible needed corrections of work done incorrectly every year.
Employee errors are infinitely worse when addressing the handling of invoices, accounts payable/receivable, and other strategic and sensitive business documents. Sometimes, there is no way to recoup the cost of fines due to late payments or losing a valuable customer or partner due to delays and misplaced paperwork. And while it is necessary to create an environment and process that reduce human error, there just isn’t a level of human accuracy that can now be reached with the assistance of automated advanced technology and processing like DocXAP from Virtual Data Partners. Continue reading “Reduce Manual Processes and Reduce Labor Cost with DocXAP!”
June 15, 2018
At Virtual Data Partners, we are always looking to such historic innovations for inspiration and insight so that we make sure we meet the needs of our customers. With DocXAP, we have brought the utility and reliability of the Swiss Army Knife into the 21st century for AP processing and automation. We have many “extensions” to our knife, including: Continue reading “DocXAP – The Swiss Army Knife of AP Automation”
DocXAP Keeps You on Top of your AP processing
The two biggest culprits that cause a tidal wave of endless invoices are:
- The digitization of data from hard copies into your electronic systems
- Redundancy and inefficiency across platforms and various departments
DocXAP overcomes both of these challenges by combining our DocXtraction service, to digitize your information, and DocXchange, to create a smarter workflow and approval platform, into a single service.
What is the Value of DocXAP?
When a business or corporation is in dire need of transitioning to an automated accounting process (payables or receivables), it should search for a solution that provides more organization and compliance than their current process, therefore targeting a reduction in high operating costs.
The Virtual Data Partners team helps you gain control over the entire invoice handling process by providing and using innovative, cost-effective and efficient invoice automation software. Several of the key advantages our automated accounting solutions provide are:
- Savings for your business that will reduce the cost of all operations by automating the accounts payable or receivable process.
- Integration with your back-end systems (LOB applications, ECM and DMS) and many popular ERP and accounting systems effectively and seamlessly.
- Going paperless adds value by eliminating errors and reducing processing and paper costs.
- Improved approval time which will turn accounts payable into a great revenue generator, so you could enjoy early vendor discounts while spending less time on manual processes.
May 8, 2017
I think we can all take a lesson from Bill’s playbook when it comes to embracing a new company initiative. The reason the Patriots have won five Super Bowls under Bill’s leadership is not because they simply come to play every Sunday; it’s because they execute the game plan with absolute precision. That’s why I often scratch my head when companies start with seeking a technology “solution” to a problem. The technology is just the football. It’s the vision and viability of a game plan for using the technology that determines how successful you can be. Continue reading “Lead Your Business To The End Zone With VDP”