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Digital solutions

Iron Mountain Invoice Processing solution

Enhance your accounts payable operations with secure and automated invoice processing management

Unstructured invoice processing operations

The lack of standardization in accounts payable operations may lead suppliers to manually handle invoices throughout the process, from rerouting invoices to the right recipient, to exception handling, resulting in delays and potential mistakes that could raise costs to the organization.

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  • 70%

    of organizations still receive paper invoices

    Source

  • 0.8-2%

    of the total payments Is the potential cost for handling duplicate payments alone to an organization

    Source

  • 75%

    of more than 25 billion invoices sent manually require manual processing, which cost US businesses approximately $200 billion every year

    Source

Transform accounts payable operations with automated invoice processing

Iron Mountain Invoice Processing solution, built on the Iron Mountain InSight® Digital Experience Platform (DXP), can help you:

  • Make invoice processing more transparent with secure, centralized physical and digital invoice file management. See how each invoice was handled and where your payments are going with just a click.
  • Increase accuracy by automatically extracting invoice information and feeding it into pre-built, customizable workflows to avoid errors resulting from manual data entry. This will reduce or eliminate the risk of misplacing or mishandling invoices.
  • Increase efficiency and reduce costs with digitization and workflow automation, so 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.
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The results speak for themselves

A large bank streamlines invoice processing operations to reduce costs and boost efficiency while maintaining traceability

Read the case study

The Iron Mountain advantage

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Unified, integrated solution

Seamlessly integrate with your AP systems, and leverage comprehensive physical and digital content management, AI, workflow automation, and information governance capabilities in a unified platform.
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AI-powered efficiency

Get the information you need in seconds through intelligent search, extraction, classification, and summarization, using generative AI (genAI)-powered chat.
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Workflow automation

Streamline processes using low-code and templated solution design tools to create custom user interfaces and workflows in real time, or Iron Mountain’s skilled Professional Services team can build them for you.
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Flexible compliance

Whether you prefer to follow our governance rules or implement your own, our solution offers the flexibility to adapt to your compliance needs effortlessly.
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Scalability

Use our flexible platform to improve your current processes, and easily expand your capabilities as your requirements change. Leverage digitization services covering 2.4 billion images annually in 135 imaging sites across 46 countries.
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Security

This scalable platform comes with extensive security and regulatory compliance certifications from a vendor with a 70+ year reputation for securing & protecting information.

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