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FileBound: Improving Invoice Processing Accuracy and Control

When it comes to invoicing, a small mistake can cause a very big problem. Invoices can be over-paid, paid late resulting in late fees, and in some cases paid multiple times. This is why companies have developed several different ways to ensure invoice accuracy and reduce invoice errors, including:

  • Improved training
  • Double entry
  • Incentive pay
  • Double checking
  • And more!

The problem is that while the above methods may reduce invoice errors to an extent, they also reduce productivity, efficiency, and profitability.

The Solutions: FileBound!

With FileBound, invoices are scanned into the general accounting system and filed electronically, while select data – including quantity, price, total due, payment due date and more – is recorded. And since FileBound has the invoice for processing there will be no more lost or misplaced invoices and the monthly Accounts Payable accrual can be made with assurance of complete information.

FileBound – improved accuracy, improved control and an improved bottom line!

If you would like to learn more about FileBound, please contact Micro Records Company, Inc. by calling 877-410-SCAN or visit MicroRecord.com!

Since 1964, Micro Records Company has been providing quality document conversion and full records management solutions to our diverse client base, which includes government, insurance, utilities, education, legal, hospitals and banks.

We use the latest technology to ensure our clients receive the highest quality records management solutions.

You can also follow us on FacebookTwitterLinkedInGoogle+, and YouTube as well!

This entry was posted on Thursday, August 2nd, 2012 at 8:32 pm. Both comments and pings are currently closed.