IPS has published a case study of digital document workflow that slashed turnaround time, reduced workload, decreased errors and increased the accuracy of billable charges for one of the top names in advertising. IPS Revolutionizes Accounts Payable for a Global Advertising Agency explains the challenges facing advertising agencies in managing their AP processes.
Advertising agencies charge their clients for all the outside services and expenses that go into producing advertisements. The timeliness and accuracy of supporting documentation for each invoice is critical. But “timely” and “accurate” are hard to achieve. Invoices have to go to multiple approvers for validation. A single invoice may reflect work on multiple jobs, which means multiple approvers passing paper from person to person in multiple cities around the country or around the world. At any given time, billable charges are stacked up on desks, email inboxes and desktops throughout the organization.
Or they were, until our client adopted an automated AP processing and approval workflow solution powered by IPS.