Invoice Processing Software – Major Business Benefits

Posted on January 6, 2012 by

Article by Jimi St. Pierre

According to IBM, Gartner and Aberdeen Group, between 75-80% of invoices in any business or organisation, are still processed manually – despite the advent of Electronic Data Interchange (EDI). These days, sophisticated invoice processing solutions are available to cut a swathe through the time and costs involved in handling supplier payments and to enhance business workflow.

Invoice Processing: The Real Costs

With a manual system, hundreds – often thousands – of invoices must be reviewed and entered onto an accounting system, at massive cost in terms of labour, time and potential error.

Byline Group’s research into Accounts Payable processing has shown that 90% of Accounts payable invoice processing involves keying data from paper; that the average time taken to process and Accounts Payable invoice is 12 days, and that 25% of all invoices are paid late.

Also according to Byline’s research an accounts payable clerk handles just 70 invoices per day on average. Thus it is easy to put a labour cost on the front end processing. But the repercussions are felt further down the line too.

Invoice Processing Solutions: Key Benefits

Invoice processing solutions comprise software to allow invoice processing to be speeded up massively. This has a great impact on reducing accounts admin costs associated with invoice processing and also enables companies to make best use of any time critical payment times which may attract supplier discounts.

Automated invoice processing solutions allow a wide variety of typical invoices to be scanned at the same time and for them to be automatically reconciled against the original purchase order with minimal user intervention or data entry.

In essence, an invoice processing system uses sophisticated OCR (Optical Character Recognition) and data matching techniques

Invoice Processing Solutions: The Basic Principal

The best invoice processing solutions will automatically scan, extract and validate invoice data and feed directly to an accounting system. Invoices come in a multitude of formats, layouts and styles from a wide variety of different suppliers. They can be machine printed or part handwritten, single or multi-page, coloured or white paper, and come from home or abroad.

However, all of these can be handled simply by scanning in a seed invoice and selecting the items of information that you want to capture. This is done by defining a target zone for each of them; the system will automatically distinguish between the field label e.g. VAT amount and the associated value. If you now select the supplier name as a unique attribute of all such invoices, every invoice from this supplier can automatically be recognised and processed and the captured data sent straight to the accounting system.

Sophisticated Functionality

The challenges of identifying columns and lines of information, knowing where one item description ends and another begins, handwritten information, validation against almost any criteria or data values – all these are the remit of sophisticated invoice processing systems today.

Managing digitised invoices through the entire workflow approval process offers the potential for even greater efficiency and cost savings, and so it pays to check out software providers who can offer an interface with purchase-to-pay (P2P), Enterprise Resource Planning (ERP), Electronic Content management (ECM) and Document Management (DM) to offer integrated workflow solutions.

Invoice Processing: Summary Benefits

1. Removes the need to handle and store large volumes of paper2. Increases staff productivity and reduce processing costs3. Faster invoice processing improves supplier relationships4. More up-to-date position of the business/organisation’s financial position5. Reporting on all financial transactions assists with compliance to appropriate Accounting Standards

About the Author

Jimi St. Pierre writes for several Office IT Equipment suppliers in the UK, including document management systems supplier Principal. The Principal Office IT Systems website can be found at => http://www.principalcorp.co.uk/

aluma wallet

Posted on January 5, 2012 by

Article by Carlton Ruiz

You have come to the right place. If you are still struggling to stuff your things into an old wallet that doesnt fit too well in your pocket or bag, then maybe its time you consider buying the new stylish Aluma Wallet.The product was first sighted on television in the As Seen On TV show. This slim, sleek and stylish aluminum wallet grabbed the attention of many, and soon its popularity soared high. In this candid review, we will discuss the features, use, and benefits of Aluma Wallet a bit more in detail.Who can use it?This trendy and super light wallet is designed for both men and women to hold their stuff securely and safely. The wallet fits perfectly well in mens pocket and is also perfect for a ladies handbag. You can not only keep your cards safely but also protect your livelihood with this smart wallet. Click Here To Visit Aluma Wallet Website Now!Product Features:The Aluma Wallet is the perfect thing for your credit cards and other financial cards and cash. They are built in a way to save you from being robbed by the RFID thieves who quietly steal your financial information without your knowledge. You can now block such thieves by using this wallet. Thus, you can safeguard your bankcards and other financial items from the robbers. Some of the other product information and features include:Made of aluminum alloyCompact and sleek designTrendy and fashionable wallet with great functionEasy to use and keeps cards well organizedProtects financial information from thievesMade of waterproof material to keep dryUltra slim and stylish outer caseAccordion design to keep things orderlyIt is almost indestructibleIt has enough space to keep your cards pictures and cashIt is available in colors of blue, red, black or silverAdvantages of buying Aluma WalletWere in a new age of technology, and its obvious because As Seen On TV has now created a wallet that will help protect your identity. The new fascinating product is called the Aluma Wallet, and there seems to be a lot of credibility to what the infomercial claims. The phenomenal feature that sets this wallet apart from others is that it supposedly has the ability to keep your credit cards safe. Safe from identity theft, that is.According to the As Seen On TV infomercial, the Aluma Wallet not only stores your personal items securely, but it keeps your credit cards safe from intruders as well. The credit cards it keeps safe are the ones that are installed with RFID chips, this is also known as radio-frequency identification. RFID is a type of technology that communicates, so to speak, via radio waves. Meaning, a thief with an electronic reader can walk up beside you and steal your personal information, but not if youre carrying an Aluma Wallet. The Aluma Wallet is innovatively designed to help block the radio signal between the RFID chip within your credit card thats in your wallet and the electronic scanner the thief standing next to you is holding. Most people who have used this product have been fairly pleased and satisfied. The reasonable price and safety are the main factors that impress people.

About the Author

I was born Justin Allyn Hall in Chicago at 12:01pm on December 16, 1974.After I was two, and until I was seventeen, I lived in the same house on the city’s North side, near the lake and the State/Division tourist/suburban bar scene. I attended Francis Parker, a private school in Lincoln Park, from kindergarden through high school: fourteen years. Out of my graduating class, 33 out of 70 had been there that long with me. Some heavy relationships!My family are intense folk. I have one brother, Colin, Four years older than I. We are good friends now, but we used to abuse each other something fierce. my mom, dad and step-father were/are lawyers, and very dedicated ones at that. Due to their work ethic, I was raised primarily by a series of nannies.When I was eight, my father, an alcoholic, killed himself; much of my early writing wrestles with this.I was raised pretty much without strict religious background, ‘cept for two week summer trips to visit my Grandparents in Stuart, a town of 640 people in north central Nebraska – I attended church with them.School and I didn’t always get along so good. I enjoyed my peers and I did a lot of extra curriculars, I just didn’t do homework. Tenth grade, 1991 some time, I started smoking a lot of pot, listening to Jane’s Addiction, I failed sophomore history, biology and math, and I shaved my head.Around that time my Mom married George and that kinda tilted my flat adolescent world for a little while.From the age of seven I have been caught up in computers; my mom, bless her heart, got us an Apple II+, in 1981. By the time I was fourteen, I was a software salesman at Software, etc.; many borrowed computer games, many pirate bulletin boards, many late nights. through that job, I got into computer consulting, an hour as a fifteen year old to teach secretaries software. I graduated to full time summer work administering networks for businesses in Chicago. First was Kanbay (after which I went to Ireland), followed by work at the Boston Consulting Group (thanks to my friend Brian).In the fall of ’93, I moved near Philadelphia to attend Swarthmore College. It was there that I started dating Chandra and started on the web, in January 1994.

Dynamics GP Consulting: Version Upgrade, Customization, Integration

Posted on January 5, 2012 by

Article by Andrew Karasev

Finding the right consulting firm to implement and then support you Corporate ERP, MRP and Accounting application is crucial to the success of the project and its longevity. When you begin looking for the implementation consultants, you may find that each has its own specialization. Some of them might be looking for small and mid-size businesses in the local area and offer generic CPA stile methodology and user training in implementation phase. Others might be serving Nationwide, specializing in industry niches. There are firms with emphasis on technology, carrying Dexterity, eConnect, C# Software Development Factories

Equus 3160 Innova ABS and Professional CanOBD2 Diagnostic Code Scanner

Posted on January 4, 2012 by

Article by Herman Lee

The Equus 3160 Innova ABS + Professional CanOBD2 analysis Code Scanner is usually mutually the professional’s option created for a full-featured ABS and OBD2 scan device as well as a huge alternative designed for the do-it-yourself auto technician. It present the identical features and functions as the Equus 3150 design, however comes considering the additional benefit of any backlit blue screen and still provide S. A. E.

Enhanced Live Data together with views, graphs in addition to playback of are living PCM records streams. Through this feature, the user knows the way to prioritize live data values (P.J. D) for fast evaluation along with investigation. Additional exciting features and functions given the 3160 contain bi-directional testing, automobile I. D. record and oxygen sensor results.

The Equus 3160 Innova ABS will be the all in a single backlit screen as well as LED display, this attribute facilitate to convey the readiness with emission. It will maintain updated within the condition of your vehicle. The “access for you to Repair Solutions” present comprehensive solution since to why your “check engine” screen activate. The complete study and improved reside records assist to be able to quickly establish the cause of the trouble.Tthe key reason why using Equus 3160 Innova ABS + Professional CanOBD2 analysis Code Scanner

The Equus 3160 Innova ABS + Professional CanOBD2 analysis Code Scanner is often an incredibly helpful tool when you’ve got the correct auto. It offer generic codes and many more from numerous tends to make but on american, Korean or Swedish motor vehicles don’t expect far more than the general codes.The Equss 2160 Innova ABS is compatible with car manufacturer as Acura, Honda, Alfa Romeo, Audi, Chrysler, Ford, Geo, GM, Honda, Hyundai, Infiniti, Isuzu, Jaguar, Kia, territory Rover, Lexus, Mazda, Mercedes Benz, Mitsubishi, machine, Porsche, Saab, Saturn, Subaru, Suzuki, Toyota, Volkswagon, in addition to Volvo. For other vehicle brand, please check with your vehicle’s support manual.

The improved performs are explain inside owner’s instruction normal as: The “enhanced” mode offer the ability to retrieve boosted DTCs from as a rule Chrysler/Jeep, Ford/Mazda, GM/Isuzu, Honda/Acura and also Toyota/Lexus vehicles. The forms of enhanced data available depends upon the vehicle create. “

“You can also retrieve Anti-Lock Brake process (ABS) DTCs. ABS DTCs are available for Chrysler/Jeep, Ford as well as GM vehicles. “Vehicles from automaker like Audi, Mercedes, Saab, GM, Chrysler, Lincoln, Suzuki and Hyundai its still useful as well as has give trustworthy data about the vehicles but it could be a more handy tool if improved DTC information was on all makes.

if you order Equus 3160 Innova ABS + Professional CanOBD2 diagnostic Code Scanner, you can receive the diagnostic device, an OBD2 16-pin DLC wire, PC software as well as cable, a copy of Equus “Understanding OBD2 movie, ” a durable nylon tool storage space pouch, an instruction guidebook some language such as English, Spanish and French and use of canobd2. com where you can aquire repair explanation, specialized guidelines and supplement support.

The organization provides technical help and service ahead of and after gross sales. Moreover, the company is offering an one year guarantee originating in the date involving procures. Currently, it is far from necessary to go forth and park around the emergency bay if the “check engine” gentle turns on, just see with the emissions status LEDs. Equus 3160 Innova ABS + Professional CanOBD2 analysis Code Scanner could be the integrated solution for your vehicle problem. Visit my website for more usefull Autocar Review

About the Author

We are technician in the Autocar Review, please visit our site if you are looking for substance that related to diagnostic codes.

Retail Industry and Dynamics GP Integration and Implementation

Posted on January 2, 2012 by

Article by Andrew Karasev

In retail business you typically have dedicated Retail Management System, which supports POS, Barcode and RFID scanning, store purchases and merchandise management. For mid-size retailer you may come to conclusion that RMS doesnt do the whole job for you as it is not designed to be accounting application. This is probably the right conclusion and now it is time to pick Corporate ERP system, which is reasonably simple in its integration with your front end POS and Retail application. In the case of small retailer we recommend you to consider Counterpoint (from Radiant Software), which has preset exports of daily sales (they are exported to General Ledger) and Store Purchasing (go to Accounts Payable). If you are growing and Counterpoint is too simple for your retail business, we recommend you to consider Microsoft RMS. This application has out of the box integration module to GP, plus there are IVS solutions, allowing you integrate RMS with Great Plains Sales Order Processing module (SOP Invoices with Customer deposits). Lets review some details:

1. Counterpoint and Great Plains tandem. This is good option for small retail business, for example deli stores, Asian food, non profit organization, such as national park or forest preserve, Main street retail outlet. There are two options in integrating it to Dynamics GP. First one is DTS package (we believe that they are switching to SSIS packages, introduced in MS SQL Server 2005 and also supported in SQL 2008, DTS package support could be enabled in Legacy section of the SQL Server Management Studio). Second option is in our opinion more flexible as it exports GL and PM transactions into the text file. From this point you can use GP Integration Manager module to import records, where you can apply such integration altering tools, as VBA script, translation and even Advanced ODBC data sources (consider creating SQL View in MS SQL Server, where you are unionizing records from simple text files, or joining your retail application tables directly)

2. MS Retail Management System and GP tandem. This tandem could be recommended to mid-market retailers (however please note that it might be too revolutionary recommend it to nation-wide retail chains, where they have high-end Warehouse Management Systems and Retail Application, sitting in Oracle or MS SQL Clusters, or at least covered by SQL Database Mirroring technology). MS RMS has integration module (programmed in GP Dexterity and distributed as Dexterity chunk file). In the case when you need more control in Great Plains and would like to process Sales Transactions, Inventory Counts, Transfers, Price Lists, Discounts and Sale Promotion campaigns, we recommend you to take a look at Alba Spectrum RMS to GP Integration Module

3. Enabling GP SOP Transaction to play POS role. Typically this is seen as a good option for small retail stores: Landscape Supply, Nurseries, Factory Outlets (where you need strong accounting application to run the factory itself). If you recognize your scenario, we recommend you to look at Compass ISV POS extension to GP

4. Warehouse Management System with Barcode scanning, RFID. If you are running small store we recommend you to get advantage from your POS and Retail application, such as Counterpoint or Microsoft RMS, where basic WMS functionalities are already automated. For example MS RMS has Store Operations module and even Headquarters (where you control all your stores and have functionality to do nationwide or international distribution to your franchisees). If you feel that you need WMS of the higher caliper, you may decide to do your homework to understand what kind of Warehouse Management System could be integrated with your Great Plains Corporate ERP

5. Adding Ecommerce Shopping Cart. Going online and enabling internet sales sounds like natural expansion, but the technology is so diversified, that you need to expose yourself and do self study. In Dynamics GP you have such option as Business Portal and Order Management module, which should be considered if you are in B2B ecommerce model. If you are in B2C ecommerce, and you programmed your ecommerce website internally, we recommend you to consider Integration Management module integration to be setup and scheduled to fire every half an hours or five minutes to provide quasi real time shopping cart integration mode. If you need control directly from your ecommerce web project in Microsoft Visual Studio (C#, VB, C++) consider including eConnect libraries. In the case when you are basing your ecommerce web site in Linux, MySQL database and programming PHP, consider calling GP Web Services (these are in fact abstraction level calling eConnect encrypted SQL Stored Procedures near the core). If you are deploying such popular ecommerce shopping carts as Magento, ASP.Net Storefront we recommend you to look for ISV integration modules, for example eCommerce integration module developed and supported by Alba Spectrum

6. Electronic Document Interchange or EDI. If you bought franchise, you might be required to place your inventory replenishment orders via EDI channel (typically precisely structured text or XML file with header, lines and ending record). If franchise network is established, EDI application is part of the deal and you should get it. For the rest of us, EDI order placement in Great Plains could be implemented via precise SQL Select statement. You could also acquire EDI package, where all or most of the interfaces are available (however the price might be higher, comparing to custom SQL programming solution)

7. Some words to international retailers. First of all please check if Dynamics GP is available and localized in your country or region. It is available in most of the English speaking countries, such as UK, Canada, South Africa, USA, Australia, New Zealand, Oceania. Great Plains is available in Arabic version across the Middle East and Northern Africa. The countries of South East Asia, where English is used as the language of business also have the version. GP is also available in South and Central America in Spanish. It is not available in Brazil, where Brazilian Portuguese is spoken

8. Local and Nationwide Support in USA, Canada and Internationally. We can do local implementation in the case of consultant driving only in Chicago, West Michigan, San Diego, Los Angeles, Orange County, CA. We are ready to fly out onsite for initial implementation within USA, Canada. If you are located internationally, we are happy to discuss the implementation options. To give you a good example of our flexibility we are working with the prospects in Afghanistan/Kabul, Paraguay, Canadian mining company trying to implement GP for its newly acquired gold mining facility in Siberia in Russian Federation. We have WMS customers in Saudi Arabia, Ecuador, Honduras, Mexico, Cayman Islands, Republic of Palau. We also helped to implement RMS in Angola, Ethiopia and Israel. We also discussed Great Plains localization and implementation options with the prospect in Republic of Georgia in Tbilisi. There was a call from Armenian community here in the United States to help with Armenian company expansion to the US. One of our customers in Polish company furniture retail net doing business in Poland, Czech republic and Lithuania

9. For further information, please call us 1-866-304-3265 or email help@efaru.com. We provide service in USA and internationally via web sessions. Local service is available in Chicago, Los Angeles, San Diego, Houston, Dallas, West Michigan: St Joseph, Benton Harbor, Kalamazoo, Holland, Saugatuck, New Buffalo, Muskegon

About the Author

Andrew Karasev is Great Plains Certified Master, MVP, help@efaru.com 1-866-304-3265, 1-269-605-4904. He is also the initiator of eFaru project http://www.efaru.com and founder of Alba Spectrum information space

Stock control systems – from the simple to the high-tech

Posted on January 1, 2012 by

Article by Leon Mark

“Stocktaking can be an annual exercise as part of a business audit that is linked to financial accounting. At its best, however, the stocktaking process is integrated into the entire business to enable greater efficiencies to be achieved in the buying, selling and storing of goods. Retail giant Wal-Mart switched its inventory control system recently and reduced by nearly a third the number of items which were out of stock. Your business should consider stock to be any kind of physical asset it uses, and not just its finished goods. This includes merchandise, consumables, fixed assets, circulating tools, library books, or capital equipment. South East Labels, the label and labelling systems experts, review the stock control systems that are available for all this stock in your business.Keeping track manuallyAny stock control system must enable your business to:

Pc Speakers 101 – A Fundamental Understanding

Posted on December 31, 2011 by

Article by Lee Lin

Nowadays it’s challenging to locate pc systems, monitors or instances with out some form of default/built-in speakers. But these PC Speakers are commonly fundamental or low-cost in nature. These conventional speakers utilized to give output at 5.1, 6.1, and 7.1 surround setups but with the advancement in technology a lot more innovative PC Speakers with a range of 2.0 (stereo) or 2.1 (stereo with subwoofer) models are flooding the market. A pc speaker initiates waveforms with the aid of Programmable Interval Timer. The aim of PC/computer speakers would be to give uniqueness and create impressions of polyphonic music or sound effects into pc games or to any multimedia output.

It’s not out of place to mention here that the initial IBM PC model 5150 employed a standard 2.25 inch magnetic driven speaker which worked as just a tone generator. The primary purpose of generating or creating this sound was to serve as a feedback in case of hardware failure. You can find several embellishments of computers accessible which let you appreciate and improve the multimedia content of your PC speakers. They came in a wide range of designs and high quality. Some a lot more advanced (modern) PC Speakers supply state of the art features like bass and treble control and subwoofers which somewhat improve the output, should you have a large spending budget you’ll be able to even get speaker with built in control systems. Imagine that a pc speaker for computers with its own built-in pc? In laptops the default speakers come bundled with a fundamental integrated speaker, which regrettably produce substandard sound. In this scenario some audio software can augment the output of these speakers. Presently PC speakers are also powered by USB ports.

Several programs in a PC like ScreamTracker, Impulse Tracker, Module Player 1989 such as device drivers for Linux and Microsoft Windows, have the capability to play pulse-code modulation (PCM) sound with the assist of speakers. Numerous PC games like Pinball, Space Hulk etc., are the proof with the assist of pc speakers they had been able to produced superb music from pc speakers.

In some computers, Pc Speakers are affixed directly to the computer’s motherboard, in other people the speakers are attached to a lead. A few of the widespread features of PC/computer speakers are: Volume control along with bass and treble control, a remote volume control, a led power indicator, A three.5-mm or 1/8 inch headphone jack.

Buying suggestions: Pc Speakers- ? Prior to buying ensure how are you going to use the PC/computer speakers for listening to music, viewing on the web videos, telephony, listening to sound clips or for what other purposes? ? Prepare your spending budget, should you require superb sound high quality from your speakers, the costs of speakers are 0 onwards. ? Compare the different ranges or features of PC/computer speakers. Look out which speaker will likely be able to serve your purpose. ? Check regardless of whether the subwoofers are working fine. ? Carefully read the reviews of clients and ratings of the products that bought the product earlier. ? Keep in mind should you wish to appreciate movies, PC games, multi-media sound enhancements you’ll need to purchase a lot more than a fundamental pc speaker.

About the Author

More about best speakers for computer, visit at best computer speaker

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Analyst Research Highlights Need For Retailers To Provide A Unified Customer Experience

Posted on December 31, 2011 by

Article by hybris

research highlights importance of supporting the omnichannel shopper and providing a single multichannel buying experience

Munich, 30 November, 2010 hybris, a leading multichannel commerce software vendor, has announced the findings of research it has commissioned from IDC looking at how retailers can improve their sales and customer retention through improved multichannel planning and customer service. The research, entitled Unified Retailing Breaking Multichannel Barriers (dated September 2010), cites the fact that store sales influenced by online customer research are three to four times larger than total e-commerce sales. The implications for retailers are clear; unless they start to cater for the increasingly sophisticated customer across all channels, overall sales will suffer.

IDC has identified what it calls the omnichannel customer. According to Ivano Ortis, Research Director, IDC Retail Insights, who wrote the report; Multichannel shoppers spend, on average, 15%30% more with a retailer than someone who uses only one channel. IDC Retail Insights estimates that omnichannel shoppers will spend over 20% more than multichannel consumers, will exhibit strong loyalty, and will influence others to patronize the retailer.

In order to get sales from this increasingly important type of customer, IDC advises retailers to ensure that they are providing a unified, converged channel approach by supporting full technology and process integration between all of the selling channels meaning a single, logical view of the shopper, the order, and the inventory regardless of the channel.

IDC further believes that the traditional focus on same-store sales, or new acquisition of customers through eCommerce, is now shifting to same shopper sales, tracking how individual shoppers are buying goods and services across different stores and channels. Mobile commerce adds a further edge to this, with consumers able to do price comparison and product reviews in real-time, whilst on the move. Retailers now need to cater for this additional channel and ensure that these potential or existing customers buy through the desired brand, channel or outlet.

Ortis further commented; We advise retailers to (have)… a single, logical view of the shopper, the order, and the inventory regardless of the channel. Unified retailing requires the adoption of real-time multichannel management systems with embedded analytics that can integrate disparate customer selling front-end systems with back-end platforms (supply chain, merchandise management). Mobile will (also) be a key enabler of unified retail consumer experiences.

Ariel Lüdi, CEO of hybris; This research from IDC clearly shows how multichannel is quickly evolving in the face of increasingly sophisticated consumer buying behavior to a more agile and dynamic environment where retailers need to provide a complete package of pricing, product information and buying experience that will draw in new customers and maintain existing customer loyalty. Without the proper product content management (PCM) and multichannel commerce solutions encompassing mobile commerce, retailers will struggle to provide this environment, critical to sales success in 2011.

To download a copy of the IDC report, Unified Retailing Breaking Multichannel Barriers, please go to: http://www.hybris.com/idcmcreport

About the Author

research highlights importance of supporting the omnichannel shopper and providing a single multichannel buying experience