Paper processes are restraining the real value of Paperless ERP for midszied companies, so the need for a way to automate the transformation of paper documents into digital data and to manage the resulting documents has prompted technology developers to innovate a new generation of devices and services.
However, history shows that managers are often averse to change. Accounting departments, for instance, felt a high level of comfort with ledgers before finally being convinced to move to Excel spreadsheets and eventually QuickBooks-type integrated accounting methods. Now managers are being asked to digitize and
On the other hand, those who have eliminated paper have seen the improvements in accuracy, speed, and productivity that ERP systems can produce. While
Until recently, this transformation included AP department employees spending countless hours thumbing through written information and keying it into the ERP system. This resulted in high-value team members performing low-value work of manually entering invoices. Since midsized companies haven't had the tools to support this work, and sometimes, haven’t been able to persuade their vendors to send their invoices digitally, it’s left to the company to standardize the information in a way that it can be managed and manipulated by ERP.
In our next installment we will take a deeper dive into the benefits of Paperless ERP solutions and examples of how they are transforming the ways mid-sized companies are doing business.
- Nick Sprau,