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31 Jan 2011
RUSHCLIFFE BOROUGH COUNCIL will implement a financial management system with integrated budgeting and forecasting software from April 2011, it has announced today.
The integrated system, developed by Advanced Business Solutions, will comprise electronic document imaging and data capture software, which enables invoices to be scanned centrally and then automatically linked to the corresponding ledgers, the council has said.
Further reading
Neil Morton, the head of financial services at the Nottinghamshire local authority, said the integrated system will help the council make savings and develop and greater understanding about its spending.
Morton added: "Automating our purchase-to-pay processes will eliminate time-consuming paper-based processes and deliver efficiency savings for the authority. The automated data capture technology will also reduce manual data entry by approximately 70%, further enhancing purchase-to-pay efficiency."
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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