The maker of Vimto soft drinks says it has saved £50,000 in the first year of adopting an electronic document management and imaging system.
The Nichols Group adopted the system from Version One to handle invoices, statements, remittances, payslips and purchase orders.
These are now automatically archived as they are generated from Nichols’ accounting system. They can then be sent electronically to customers and suppliers.
Group IT manager Allan Doyle said, “The only missing link for us now in having complete end-to-end paperless procedures is our manual inputting of purchase invoices.
“We plan to rectify this by implementing Version One’s new automated document capture solution, which uses the latest OCR technology.”
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Staffordshire University has saved more than £6,000 a year after rolling out a document management and imaging system.