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North American business is faced with the challenge of minimizing administrative and clerical costs while creating value based relationships with strategic suppliers.

As a result businesses possess common needs:

  • Identify opportunities for cost reduction and business process improvement
  • Integrate information, systems, people and supply chain partners which operate on different systems over diverse geographies
  • Ensure compliance with accounting standards and securities regulations for financial reporting in Canada and the U.S.

DRC provides streamlined operations, improved cash management and integration with existing financial systems:

  • Convert paper based contracts, purchase orders and invoices by scanning and indexing paper files into digital format linking them with in-house legacy and ERP systems
  • Provide immediate (7X24) access to invoices and related documents using the DRC-ifile turkey solution for Accounts Receivable, Accounts Payable and Expenses
  • Destroy massive volumes of paper based records by backing up digitally scanned documents using DRC Digital Preservation solution for secure and legally compliant archiving

DRC provides commercial and manufacturing organizations with strategic competitive advantage:

  • Decreased administrative and non-manufacturing expenses increasing profitability
  • Streamlined processing and effective controls for compliance with Sarbanes Oxley and industry regulations
  • Increased return on investments in ERP solutions with integrated access to data, documents and electronic report management (ERM)
  • Speed resolution of invoice disputes, improve vendor relations and reduce administrative support costs through vendor self service
  • Meet service, efficiency and compliance targets

Literature

 

Improving Key Financial Processes
 
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