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.
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”