Building the Virtual Filing Cabinet - Electronic Recordkeeping

Accounts payable – like all business functions – depends on documents. Ready access to invoices, purchase orders, travel expense reports and other forms is necessary for AP staff to process disbursements. As such, departments place high importance on their document management strategies. An effective document management process serves two purposes. First, clear rules for moving invoices and other forms ensure efficient disbursement processing. Secondly, businesses keep detailed financial…