Posts Tagged ‘Institute of Financial Operations’

The Importance of Analytics for AP Automation

December 10, 2014
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FileBound Marketing Director Jackie Risley discusses how analytics can add value to AP in a webinar.

 

AP can be overlooked as a strategic priority, Jackie Risley, director of FileBound marketing at Upland Software, says in a FileBound webinar.

So how can executives be convinced to look at AP more strategically?

The webinar, “Beyond Automation: How Predictive Analytics Add Value to AP,” demonstrates how analytics can raise the perception of the AP process.

“Analytics deliver real insight into your work processes so that you have real-time, actionable data,” she says.

Reporting looks backwards and looks at tactical items. Analytics looks toward the future and is more focused on strategy. For example, reporting will look at how many invoices have been processed in a certain time frame, while analytics will show opportunities to change.

“It’s much more than a visual representation of data that we normally see in tables,” Risley says.

AP automation technologies include workflow and capture. Mobile can also play a role in AP, Risley says, allowing employees to approve forms away from their computer in a BYOD environment.

Automation can have many benefits. Employees can be freed from tedious jobs, such as data entry, to focus on higher value tasks. Automation can help eliminate back logs and lead to fewer late payments.

But few organizations have fully automated their systems.

Less than 10 percent of organizations are highly automated, according to the Institute of Financial Operations 2014 AP Automation Study, meaning they receive less than 10 percent of their invoices on paper. Alternatively, almost 30 percent of organizations say that paper represents more than 90 percent of their invoices.

Analytics can help bring an executive on board to an AP automation project, Risley says. Showing the granular details can help increase the chances a project will be improved.

To learn more about the benefits of analytics and AP automation, watch our webinar.

Document Management Industry Roundup: September 5, 2014

September 5, 2014
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The next iOS update could be a huge hit with those working in BYOD organizations.

What’s new in the industry this week:

1. Changing and accelerating mobile technology is changing the way we work—when, where, and on what devices. See what ELC executives had to are saying about the future of mobile: http://bit.ly/1t5EIxy

2. As governments continue try to cut costs and improve economies, cloud computing has proved to be an effective and reliable data management solution for those struggling areas: http://bit.ly/WhhcCR

3. The best ECM solutions may not definitively solve problems, but are flexible and able to continuously shift to fit an organization’s changing needs: http://bit.ly/1qAvlpU

4. Dedicated Apple users are highly anticipating next week’s official iPhone 6 announcement. Here’s why the new phone and iOS 8 could be a huge hit with enterprise users working in BYOD environments: http://zd.net/1xgZelj

Don’t miss these upcoming events:

Our Director of Marketing, Jackie Risley, will be hosting a webinar with The Institute of Financial Operations on 9/23, discussing AP automation and analytics. Don’t miss it! Register here: 

Don’t miss us at the IOFM AP Conference West October 26-28 in Las Vegas, Nevada! Attend and learn how FileBound can revolutionize invoice processing.

Mark your calendars for April 27-30, 2015, and attend the second annual Upland User Conference! The FileBound team will be there in Lake Buena Vista, Fla., at Disney’s Beach and Yacht Club with the rest of the Upland Software family.

Document Management Industry Roundup: August 22, 2014

August 21, 2014
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Data security and AP automation were popular topics in the industry this week.

What’s new in the industry this week:

1. New research from our partner, AIIM, shows that 56 percent of organizations are not utilizing digital technology to archive files. See more results from the survey here: http://bit.ly/1AB8VJD

2. While some companies are debating the best BYOD policy for their business, many employees are choosing to use their personal devices without official permission. Here’s how IT departments meet employee needs and stay ahead: http://bit.ly/1pibfBH

3. New developments in the cloud and ECM are improving the capabilities of AP departments. Learn more in our latest blog post, and download the The Institute of Financial Operations’ report: http://bit.ly/YajR34

4. According to The Accounts Payable Network, more than 60 percent of organizations still rely on paper-based manual processes to complete accounting and payment tasks. Our partner Kofax explains how AP automation can be a huge time and paper-saver: http://bit.ly/1rohhDu

5. In light of the many data breaches companies worldwide have experienced in the past year, many organizations are concerned with the security of their own information, and so are consumers. Here are a few ways companies can educate their customers about data security: http://bit.ly/1tl5PqH

What’s new with FileBound this week:

FileBound team members Jamie and Steve accepted the ALS Ice Bucket Challenge this week, and challenged a few of our other team members to complete the challenge by next Tuesday! Watch the video here: 

You can also watch FileBound Fred accept his challenge here: http://on.fb.me/1nf2DHf

Don’t miss these upcoming events:

The second annual Upland User Conference was announced this week! Mark your calendars for April 27-30, 2015. The FileBound team will be there in Lake Buena Vista, Fla., at Disney’s Beach and Yacht Club with the rest of the Upland Software family!

Document Management Industry Roundup: August 15, 2014

August 15, 2014
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The number of small businesses fully adapted to the cloud is estimated to double by 2020.

What’s new in the industry this week:

1. New cloud and mobile ECM developments are improving options for accounts payable. The latest report from the The Institute of Financial Operations explains how growing technology trends are making AP departments more efficient and agile. http://bit.ly/YajR34

2.  Nearly 80 percent of U.S. small businesses are planning to be fully adapted to cloud computing by 2020, which is almost double the current rate. See what trends are causing SMBs to shift: http://bit.ly/1uYEsSt

3. Businesses hesitating to adopt a BYOD policy can still make the transition safely and securely by following these 5 tips: http://bit.ly/1t3uAaE

4. The future looks cloudy for the ECM industry. Learn what’s ahead for cloud technology in AIIM’s latest report: 

Don’t miss these upcoming events:

1. Our next Boot Camp will be held August 18-21. Learn more about all the new features of FileBound 7—from anywhere—in our online training course. Learn more and sign up here: http://bit.ly/1lkiELq

2. The second annual Upland User Conference was announced this week! Mark your calendars for April 27-30, 2015. The FileBound team will be there in Lake Buena Vista, Fla., at Disney’s Beach and Yacht Club with the rest of the Upland Software family!

Document Management Industry Roundup: May 23, 2014

May 23, 2014
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FileBound 7 was released this week, and we’re hosting a webinar to introduce all its new features.

What’s new in the industry this week:

1. Though FileBound data was not affected by Heartbleed, many others are still feeling the repercussions of the bug. Get the latest information on the security glitch: http://tek.io/1gpPm0W

2. Microsoft’s latest device doubles as both a laptop and a tablet. Here are seven things you should know about the new Surface Pro 3: http://on.mash.to/St0iA6

3. In addition to preserving the environment and saving trees, going paperless in your office can help you keep more organized and efficient. Here are 10 great reasons do away with paper at work: http://bit.ly/1kxiBhN

4. Our General Manager and VP of Tech at Upland Software, Sean Nathaniel, was featured in The Institute of Financial Operations’ Q2 report. See what he had to say about growing trends in AP automation: 

5. FileBound 7 was officially released this week! If you haven’t yet had a chance, take a look at all the great new features: 

Where FileBound was this week:

We were at the AP & P2P Leadership Conference this week in Lake Buena Vista, Fla. We gave away some sunscreen and another Epson scanner! We think our booth representatives had a little too much fun.

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Don’t miss these upcoming events:

If you’re interested in learning more about all of FileBound 7’s new features, we’re hosting a webinar and giving an in-depth overview of all the upgrades. Join us on either June 3 or June 12: 

Document Management Industry Roundup: February 28, 2014

February 28, 2014
BYOD and cloud security were popular topics of discussion in this week's industry.

BYOD and cloud security were popular topics of discussion in this week’s industry.

This week’s important resources:

1. As more businesses begin to utilize the cloud, increased storage space is becoming essential. See what other tech trends are expected to grow significantly in 2014. http://bit.ly/1fgLdZY

2. Nearly half of all organizations currently have a some form of BYOD policy, and more than half are expected to have implemented one by the end of 2014. http://zd.net/1cN8m5u

3. FileBound is happy to announce its 2014 silver partnership with The Institute of Financial Operations. The IFO acts as a resource and thought leader in the financial operations industry, with a focus on accounts payable, accounts receivable, information management, and data capture. http://bit.ly/1pt5LCU

4. While cloud security is an important priority for organizations and IT departments, some experts believe many concerns about safety are unnecessary. http://bit.ly/1hDacpf

5. Ensuring tight BYOD security is essential for information protection, but implementing policies that are too restrictive may prevent employees from participating. http://bit.ly/NzItfK

In case you missed our latest blog:

Managing vendor relationships includes everything from making timely payments to monitoring vendor performance. http://bit.ly/1dB4TUs