ABERDEEN, SCOTLAND: Aberdeen City Council has credited V1's technology as playing a significant part in its success of receiving two Accounts Payable News' Finance Awards. The council won the AP Manager of the Year category and the Outstanding Contribution Award.
The council implemented V1's electronic document capture and storage solutions in January 2013 to boost the performance of its Accounts Payable (AP) department and as part of a bigger driver to deliver substantial efficiency savings.
Aberdeen City Council, which processes more than 200,000 invoices a year, began using V1 optical character recognition (OCR) software earlier this year after a successful pilot scheme in 2012. V1's software enables the automated capture and storage of invoice data with minimal staff input, and has helped the authority save 450 man hours a month.
V1's document management solutions integrates into Advanced Business Solutions finance system, eFinancials, which has allowed the council's 400-stong finance division to exert greater control over budgets and maximise efficiencies.