Open Scan Accounts Receivable System Helping To Consolidate Data Processing Expenditure

By Author: WSI ALM
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Many leading companies across the globe are implementing an accounting automation solution in order to enhance productivity levels, reduce costly errors, and consolidate expenditures associated with the accounting process. A company’s accounting department is a key area of any business, and therefore this type of solution should only be sourced by a reputable organization with years of experience within the software development field. That’s the reason why so many businesses are now turning to the accounts receivable system offered by industry giant Open Scan Technologies, Inc.

Open Scan software is helping clients around the world to reduce their accounting expenditure through the use of cutting-edge automation technology. For companies that accept business-to-business payments through a diverse range of methods including paper, EDI 820 and email, the software from Open Scan can help streamline processes into one system of workflow to help ensure no data is ever lost within the system. Indeed, one of the leading advantages of utilizing accounting automation solutions from the team at Open Scan is that their software ...
... is known as one of the most accurate within the industry and has achieved a 99.97% accuracy rate for cash posting data with current client accounting software installations.

One of the leading operational advantages for those installing accounting automation solutions from Open Scan is that remittance information from the solution is available within the same day when processing information through a ?bank? lockbox. This helps organizations to save valuable time in collecting funds. In addition, because of the level of automation utilized by the Open Scan accounts receivable system, the product works to reduce the amount of time it takes to handle exceptions within the data, streamlining the processing considerably.

The Open Scan accounts receivable software system also makes it possible for an in-house accounting team to handle exceptions through a single, intuitive user interface, thereby eliminating the need for a costly multiple terminal environment, as well as eliminating the need to access a bank’s image portal to conduct transactions. These cost savings can help organizations to become leaner and more efficient and ensure that they have the free capital to invest in their company in other key areas.

While the Open Scan system works by integrating complex algorithms, it’s been designed to be exceptionally intuitive. This means that IT experts are not overly burdened in having to learn a new accounting system. And because the Open Scan system has been designed to automate all the key jobs assigned to the modern accounting professional, on-site experts are provided with more free time in which to use their experience to help the organization move forward with other key projects, away from their administrative duties.

Leveraging the latest in smart point and click templates to extract company accounting data in seconds from many distinct payment formats, Open Scan’s revolutionary accounts receivable system is changing the way that many companies complete their business. Your company could be one of tomorrow’s industry leaders by achieving full accounting efficiency with Open Scan.

Based in Denver, Colorado, and founded in 1998, Open Scan is a privately held software and services company. In addition to our innovative software that can be “taught” in a matter of seconds rather than cumbersome “learning” centric models, Open Scan brings to its clients best practice subject matter expertise in receivables and payables processing. Website at www.openscan.com.