In the early 2000s, DRM Waste Management, a waste management and recycling service provider, nearly doubled in size as the company took on new and larger accounts. Its proven model for waste consolidation, management and recycling attracted the emerging box store and wholesale clubs, as the model for simplicity and cost reduction.
That model for simplicity and cost reduction was an approach that the company decided it needed to apply to its back office, scaling operations to support a growing business.
With over 1,000 invoices to process, file and manage each month, finding an automated solution to increase AP invoice processing efficiency would mean that DRM Waste Management could continue to expand operations and take on new accounts while allowing its existing staff to manage vendor invoices efficiently.
Digitizing Accounts Payable and Automating Approvals and G/L Coding
DRM Waste Management decided to implement the docAlpha Digital Transformation platform, integrated with its DocLink document management system handle its AP vendor invoice process in a way that reduced the time and effort for the company’s accounts payable staff.
DRM Waste Management’s DocLink document management system from Altec allows the AP team to securely store digital invoices and related documents for easy retrieval. Beyond managing invoices, DocLink automates the routing of invoices for review by the appropriate approvers, providing them with easy access to documents and to G/L coding information.
To streamline the process of getting documents into DocLink and enter the appropriate related vendor and invoice data, the docAlpha platform from Artsyl intelligently extracts relevant information from invoices, then automatically files the documents and enters relevant metadata into DocLink.