YCRW is one of the world’s largest transportation services providers. As such, their accounting department deals with a large volume of wholesale payments at various lockboxes. Previously, the use of these lockboxes meant paying banks tens of thousands of dollars each month in re-occurring data extraction keystroke fees. Until recently, the only other valid alternative to this process was the use of in-house processing systems, which would take valuable resources away from the organization. The company discovered that the ideal solution to this costly business issue was Open Scan’s accounts receivable management software.
The company now utilizes Open Scan’s software to automate the extraction data. This solution helped the company to consolidate both the cost of process, as well as the time it takes to process accounting figures through the utilization of proprietary point-and-click templates that allow for seamless accounting.
Through this solution, the operator is able to capture the desired data using the mouse in a matter of seconds. And in-house accounting accuracy levels were improved immeasurably(or percentage if possible) because the software is able to match the incoming data with existing open A/R aging data at the invoice level, for a full-service accounting solution that streamlined YCRW’s entire accounts receivable department.
This is just one example of a company experiencing recent success with Open Scan® software solutions. To learn more about the product and discover its inherent business advantages, please visit www.openscan.com.
Open Scan Technologies Inc
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Denver, CO 80204
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