There are several definitions of “business intelligence,” but the most useful we’ve heard here at Uplevl is the one supplied by Lucas Biewald in his article The Data Science Ecosystem: “Business intelligence tools are essentially statistic tools focused on creating clear dashboards and distilling metrics. You can think of them as tools that translate complicated data into a more readable and more understandable format for the less-technical people in your organization." In this article, he talks about the three major functions of a data scientist being: Getting Data Wrangling Data Analyzing Data Business intelligence tools can help you when
While many companies have digitized and streamlined their human resources and procurement workflow processes, significantly fewer companies have optimized their accounts payable (AP) process for efficiency. Adding efficient, cost-effective automated invoice processing and AP systems can make a big difference. Below are the latest recommendations for businesses looking to implement automated invoice processing or other AP automation systems.
Did you know you could reduce your document management costs by up to 80% if you choose the right system? Download the infographic for free when you subscribe to our blog.
If your business is avoiding implementing business process automation software for invoice processing and accounts payable processes, it’s time to take a deeper and more critical look at the metrics. What are the operational costs, productivity levels, cycle times, and error rates associated with your business’ traditional, paper-based AP processes? Can you confidently quantify these costs? A trusted and widely-used way to see if your AP processes are efficient and cost-effective is to compare your business’ current metrics with the APQC’s  benchmarking survey reports. By doing this, you can determine where exactly you stand in comparison to industry
Thanks to the fast development of paperless technology, businesses have a new way to improve their efficiency and administrative costs, while also reducing their carbon footprint (or “going green”). Making the switch from a traditional, paper-based office to an automated paperless office is understandably daunting; as such, we’ve collected the following tips and tools to help your business begin its transition toward a paperless future. Remember this is not going to be a one-and-done, instantaneous transition – it’s a process! TIP#1. Stop storing and start scanning. Physically storing all of your business documents is typically expensive, unorganized, cluttered, and prone
Document management is a large part of every organization, and because it can be a time-consuming and costly process, there is huge potential to streamline the process. For many companies, cloud document management has become an effective solution for streamlining productivity, as well as decreasing costs. In fact, by updating your current AP processes, you could see a reduction in costs by as much as 50-75%. Think of all the ways your organization could use that saved money to expand and increase revenue! When you partner with Uplevl to begin cloud document management, we believe you will experience time and
The numbers don’t lie: manual processing is costing your business thousands of dollars! It is increasingly accepted that manual invoice processing is a highly flawed system ripe with problems that can critically disadvantage your company. In light of the current highly competitive, and oftentimes volatile, climate in the business industry, ignoring the inherent problems in your manual processing system is no longer an option for business owners who want to maintain a profitable business, increase their bottom line, and propel into a prosperous future. Manually entering data and processing paper invoices is: – error ridden, – time-consuming, – andwasteful.