From Paper Filing to an Electronic System
The number of boxes and file cabinets were piling up. Besides invoices, files included other documentation, such as emails, that were manually printed. Manual retrieval of physical documents, which were often hard to locate, was time consuming. Putting additional pressure on the company were quarterly financial audits, which required proof of proper accounting principals. To locate supporting documents in the paper-based system, they had to dig through filing cabinets throughout the building, which typically took 3-10 minutes per document. If a file was off-site, it meant a wait of two or three days.
Innovative Solution Combines KnowledgeLake Imaging Software with Existing SharePoint Platform
Originally, an RFP was issued by the corporation, defining a custom.net application to streamline their paper processes. Image¬Source responded, instead recommending a solution utilizing the Microsoft SharePoint technology that was already in place.
"ImageSource was able to maximize our existing SharePoint platform to solve our storage problems," the Company Project Manager stated. "They were focused on giving us a solution that would be valuable without having to make additional, unnecessary investments."
In order to image-enable the SharePoint platform, ImageSource installed a KnowledgeLake capture system. KnowledgeLake works on top of SharePoint, extending its functionality to include production-level imaging. It also offers a custom search screen that enhances the usability of SharePoint, and increases user acceptance of the platform.
"We've had immediate adoption within our AP and Sales Order Processing departments—Both departments are ecstatic. THE NEW SYSTEM IS easy to use, easy to understand, easy to do lookups. Training is literally 20 minutes." – Project Manager, Global Electronic Chip Company
Streamlined AP Processes Integrate with Baan Software
The Company now stores all accounting invoices and supporting documents electronically. Once a check is cut, all supporting information is scanned and processed using KnowledgeLake. The check number is entered, and a look-up to their Baan system retrieves all other vital index values. By pulling values directly from the accounting system, the Company can ensure the accuracy of information and eliminate the need for employees to type in multiple indexes. Searches for documents can be done by date, vendor name, vendor number, PO number, check number or invoice number. Document retrieval time has been slashed to one minute or less.
"The ImageSource professional services team helped us arrive at an innovative solution that provides database lookups to our Baan system, which makes a huge difference in accuracy," states a Company Project Manager.