Iron Mountain Invoice Processing

Data Sheet

With paper-based and digital invoices sent to multiple locations and inboxes, efficiency and accuracy are a real challenge.

January 23, 20246 mins
Iron Mountain Invoice Processing

Business challenge

With paper-based and digital invoices sent to multiple locations and inboxes, efficiency and accuracy are a real challenge.

Impact

  • If you have invoices in multiple email in-boxes, filing cabinets, hard drives, data shares, etc., you’re missing out on the power of technology to help you do your job more efficiently and accurately.
  • Manually entering data from paper invoices introduces the risk of manual errors or lost invoices.
  • Inefficiency both slows down payment processing and incurs unnecessary costs.

What if you could

  • Get real time visibility into all invoices—no matter what format they arrive in.
  • Reduce errors that could lead to late payments, overpayments, failed audits, and fraud.
  • Reduce the time and expense of processing invoices and performing monthly close.

Iron Mountain® Invoice Processing

Automating invoice processing with our enterprise content management (ECM) system, Iron Mountain Invoice Processing, can help you overcome your challenges, to:

  • Make processing more transparent: Centrally view, manage, and process invoices from a single, user-friendly portal. See how each invoice was handled and where your payments are going with just a click.
  • Increase accuracy: Automatically extract invoice information to avoid errors resulting from manual data entry. Reduce or eliminate the risk of misplacing or mishandling invoices.
  • Increase efficiency and reduce costs: With digitization and connected data you can sort and organize invoices with a few keystrokes for lightning-fast processing. You’ll also save the time and excess labor of monthly close.

Industry fact

Intelligent document processing can increase invoice processing speeds by over 67%.

CPA Practice Advisor