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Using our wealth of expertise in software development and business processes, we work with organizations in the public and private sectors to remove the challenges posed by paper-based working.
By using our automated document management and imaging solutions, organizations are assured of greater control, visibility and compliance.
For teams dealing with supplier invoices, daily issues come in the form of:
- Time-consuming data entry
- Misplaced documents
- Delayed invoice authorisation
- Inefficient filing systems
- Expensive and non-secure document storage
V1 can work with you to develop a solution to meet your specific business requirements. In doing so we will streamline processes, improve access to information, reduce costs, enhance productivity and aid both compliance and corporate governance.
As an author of document management solutions since 1989, V1 works with global partners who work closely with you to automate your processes, eradicating issues such as:
- Late payment penalties caused by inefficient invoice processes
- Multiple payments of the same invoice
- Missing documents
- Keying errors
- Time spent chasing authorisers
- Missing early settlement opportunities
Making a tangible difference
to your business process
Our solutions focus on the following core areas:
Putting it into perspective
Analysts from Gartner report that typical invoice processing costs are between $4 and $25 per invoice, but in some cases are as high as $50.
Our data capture solution reduces the time taken to key invoice data by up to 80%
Our document archiving solution reduces filing and retrieval time by up to 95%
Our authorization solution removes the need to send physical documents allowing a saving of approximately 60% per invoice.
Get In TouchGeneral Enquiries & V1 Document Management Support
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More customer stories
The Agriculture and Horticulture Development Board (AHDB), a recently established non-departmental public body serving the agriculture and horticulture sectors, is expecting cost savings in excess of £50,000 per annum as a result of implementing intelligent data capture software, DbCapture, from V1 Limited. AHDB will also speed-up the processing of 60,000 purchase invoices and levy return forms each year and reduce manual data entry by up to 80% using V1's technology.
Agriculture and Horticulture Development Board (AHDB)
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