.4 million invoice factoring agreement with a maintenance contractor servicing utility companies. The maintenance and utility company entering into the accounts receivable financing agreement is a 100% minority-owned business located in Savannah, Georgia. It provides medium and high voltage underground and overhead cable to the maintenance and utilities industry.
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Like many AP organizations, Alltel Wireless has been tasked with doing more with less resources. When the landline division spun off, the AP group was left with half the staff and over 13000 (mostly non-PO) invoices per month to process. They had previously implemented EDI and workflow but were still unable to meet their targeted [...]
arge or small, if your company has unpaid invoices or account receivables, our factoring service can turn those assets into cash. Don’t wait to get paid. If Invoice factoring is right for you, we’ll do the waiting. CapitalPlus.com, a national factoring company, offers 65 to 90% of asset value now and the remainder (minus a [...]
As you are increasingly aware, A/P processing is very labor-intensive and costly. The crux of the problem is that invoices are as diverse as the business environment itself, and that these documents exist as ever-changing repositories of unstructured data. A key factor in the success of automating A/P processing is intelligent data capture (IDC)—the ability [...]
July 3, 2011