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”
July 18, 2018
Next, take the accounting department challenge: Find an employee with at least 15 years of experience, knowledge in every major ERP system, experience in over 14 industries with recommendations from all of them, and someone willing to work around the clock. Most likely, they’ll laugh at you, because it’s obviously a joke. Then you pull out the big kicker…..that this employee should be available 24/7, never need to take a sick day, and not request a single vacation.
Now that you have them fully convinced you’ve lost your sanity, introduce them to Virtual Data Partner’s DocXAP. True, this BPO candidate has an unfair advantage – it’s not all human. But when you see what this entire asset can do, at its cost, you will want DocXAP working for your company. Continue reading “Employee of the Month: 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”
May 22, 2018
Paperwork Seems to Scale Faster than Sales
As a growing business, you know the importance, and frustration, of trying to stay on top of all the paperwork that is required in your AP department. Somehow it seems that for every dollar of increased revenue there are several times more sheets of paper (both physical and electronic) flying around that need to be accounted for, and processed properly. You can’t afford to mess this up.
Know Your Strengths – And Limitations
Don’t let all the clutter interfere with what drives the root success of your business. Clients love working with small or medium-sized businesses. Yes, you have found a need in the market, and you’re fulfilling it. But you also still value your customers. You know that your business depends on satisfying them not just with your product or service, but their entire experience with your organization. So, you pay them extra attention and put every effort into making sure they are 100% satisfied. Continue reading “Fast, Reliable, Data Accurate Accounts Payable Processing”
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?
April 20, 2018
A company can measure their profitability by evaluating the performance of a department. The cost of retaining full time processors along with the cost of software, supplies and space will add up quickly when pulling the numbers. But there could also be a loss of investment with human error and process inefficiency that could create a deficiency. The Virtual Data Partners team offers a convenient ROI calculator that compares an Accounts Payable department against the cost of using the DocXAP Solution. Enter basic information such as the number of invoices processed yearly, an average salary of employees and current processing costs to receive a general report of the average investment and savings available. This will establish measurements on value-added employee productivity.
Virtual Data Partners will create a strategy process to eliminate many of the headaches caused by common issues that arise within an accounts payable department. This will be customized to your specific business to offer a tailored approach to AP management that may reduce the need for a fully staffed accounts payable department. The global and local support offered will ensure compliance while reducing overhead cost and streamlining management processes to add value per employee.
DocXAP will assist companies of all sizes to simplify and streamline the process. We’ve combined our two industry-leading services, DocXtraction and DocXchange, into a powerful 100% cloud-based accounts payable solution designed to save you time and money. This integration offers the ability to automatically collect data and file into a financial program. Fully automate today with DocXAP through Virtual Data Partners!
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.