Newham College, a UK further education institution, has streamlined its purchase-to-pay (P2P) processes with Version One’s document imaging system, DbArchive, and automated invoice processing solution, DbCapture. Newham College has also implemented Version One’s recently developed DbCapture PDF solution to further streamline P2P.
Version One’s solutions, which are integrated into Newham College’s Symmetry Financials accounting system, have significantly reduced paper usage across the college and cut invoice approval times. Version One’s software has also freed-up document storage space and eliminated document archiving costs.
Ray Benn, financial account manager from Newham College, said: “With seven sites spread across 15 learning centres, the finance department was wasting both time and money by manually filing and circulating paper invoices. Using Version One’s software, we have significantly improved our purchase-to-pay efficiency by eliminating the paper trail.”
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