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Do you own a convenience store? Are you looking for ways to streamline accounts and inventory? Look no further than ChimpKey! ChimpKey is the perfect solution and is highly recommended by SSCS to help your convenience store manage bills, invoices, accounts, and inventory.

With ChimpKey, convenience store owners can easily update data in both their accounting system and inventory management system. This helps to save time and money, so you can focus on running your business. Read on to learn more about how ChimpKey helps convenience stores like Bolla Oil, Stop N Buy, Fuel City, and Raceway Gas streamline accounts and inventory.

How do convenience store invoices impact accounts and inventory?

Convenience stores often have to deal with a long list of items on their bills and invoices. These invoices can be very important as they impact both accounts and inventory. Every invoice contains a set of items, which the store has to painfully keep track of in order to ensure accurate accounting and inventory management.

The problem with this is that it can take up a lot of time to manually enter all these items into the relevant systems. This process can be slow and tedious and can be a huge source of errors if it is not done properly. The good news is that there are now tools available to help convenience stores automate this process.

ChimpKey is a very valuable tool that can help you streamline your convenience store’s accounts and inventory. It works by automatically extracting the items from each invoice, and then sending this data to the store’s accounting system and inventory management system. This way, the store does not have to manually enter all the items, which saves time and eliminates errors due to manual data entering.

What is ChimpKey?

ChimpKey is an innovative software solution that simplifies the task of automatically updating data in accounting and inventory management systems for convenience stores. It enables store owners to quickly and easily keep their accounts and inventory up to date. With ChimpKey, store owners can update bills, invoices, and other documents automatically with 100% accuracy.

This eliminates the need for manual invoice and inventory data entry, which can be time-consuming and prone to many errors. ChimpKey also allows store owners to generate reports on sales, profits, costs, inventory, and more. With its efficient and easy-to-use interface, store owners can manage their accounts and inventory seamlessly.

How ChimpKey works?

ChimpKey has the capability to extract data from any type of PDF document, regardless of its complexity. It can detect and identify multiple pages, divide documents in a PDF, exclude unwanted pages, convert multiple PDFs into one file, and much more.

ChimpKey’s parsing engine makes it possible to refine the data by deleting excess characters, pinpointing key phrases, trimming, summarizing, augmenting, utilizing regular expression parsing, performing database searches, and adding predetermined values during conversion.

Once the data has been fully converted, it is then made available to the customer for their own applications.

How can ChimpKey help streamline convenience store accounting and inventory management?

Convenience stores have a unique set of needs when it comes to managing their bills, invoices, and inventory. ChimpKey provides an easy and reliable solution for updating and managing this data.

Using ChimpKey, convenience store owners can quickly and easily update their accounts and inventory in one centralized platform. This helps store owners keep track of their finances and inventory without needing to manually enter data into multiple systems. 

ChimpKey also allows store owners to easily reconcile their accounts and inventory by providing real-time analytics on items that need to be restocked or marked off as sold. This helps store owners stay up-to-date on their finances and inventory, allowing them to make informed decisions about their business. 

By streamlining the accounts and inventory management process, ChimpKey helps convenience stores save time and money. ChimpKey’s automated system allows store owners to focus on providing great customer service and running their business, instead of spending time manually entering data into multiple systems.

ChimpKey offers a comprehensive solution for convenience stores to manage their accounts and inventory efficiently and accurately. With ChimpKey’s intuitive platform, store owners can rest assured that their finances and inventory are always current.

Contact Us

If you are a convenience store owner and would like to learn more about how ChimpKey can help streamline your accounting and inventory management processes, we invite you to contact us. We will be happy to answer any questions you may have and provide you with a personalized demonstration.

Our team is dedicated to providing top-notch customer service and support to ensure that you get the most out of your ChimpKey experience. We look forward to hearing from you!

Have you ever wondered what is an EDI file? EDI stands for Electronic Data Interchange and it is a type of data file that is structured according to one of the various EDI standards. EDI files contain information that is stored in plain text format. It’s primarily used to transfer business data. 

In this blog post, we will cover everything you need to know about EDI files so that you can have a better understanding of how they work.

What is an EDI file?

What is an EDI file? An EDI file is a data file that is structured according to one of the various Electronic Data Interchange (EDI) standards. EDI is a standard for exchanging business documents in a standardized format. It is a way for different companies to communicate with each other using digital messages, instead of using paper documents.

An EDI file contains information stored in plain text format. This means it can be easily read by any computer or software application. The information contained in the EDI file will depend on the EDI standard being used and the type of transaction being sent. 

EDI files are used to transfer business data between two trading partners. This data can include orders, invoices, inventory data, shipping information, and more. By using EDI files, companies can streamline their operations and reduce paperwork. Additionally, they can save time and money by automating the process of exchanging data with their trading partners.

How Can ChimpKey Help You?

ChimpKey is a software tool that can help you with your EDI (Electronic Data Interchange) files in several ways. Here are some examples:

1. Parsing EDI data: ChimpKey can parse EDI files to extract data in a structured format. This can be useful if you need to work with EDI data in other applications that don’t support the EDI format.
2. Validating EDI data: ChimpKey can validate EDI data to ensure that it conforms to the relevant EDI standards and specifications. This can help you avoid issues with EDI transactions further down the line.
3. Converting EDI to other formats: ChimpKey can convert EDI files into other formats, such as XML or CSV. This can be useful if you need to work with EDI data in applications that don’t support the EDI format.
4. Generating EDI data: ChimpKey can generate EDI files based on your input data. This can save you a lot of time if you need to create EDI files from scratch, as you don’t need to manually type out all the segments and elements.
5. Editing EDI data: ChimpKey provides a user-friendly interface for editing EDI data. You can use it to add, delete, or modify segments and elements in the EDI file.

Overall, ChimpKey is a versatile tool that can help you with a variety of tasks related to working with EDI files.

How are EDI files used?

EDI files are used to transfer data between businesses, organizations, and government entities in an efficient and secure way. EDI files contain structured data that can be quickly exchanged between parties, making it much faster than traditional paper-based methods. Common uses of EDI files include inventory management, order tracking, payroll processing, claims processing, and financial transactions.

EDI files use a standardized structure that is accepted by many different software systems. This allows data to be quickly transferred without needing to be re-entered into different systems. The data in the file is typically plain text and can include product numbers, customer names, and pricing information. It is also encrypted, ensuring that the data remains secure while in transit. 

EDI files are exchanged between two parties using a communication protocol such as AS2 or FTP. This allows for direct communication between the sender and the receiver of the file, eliminating the need for manual input. This makes it much easier for companies to keep track of their inventory, orders, and other important business processes. 

In addition to being used to transfer data between businesses, EDI files can also be used to exchange data with government entities. This includes filing tax returns, submitting health records, and other types of reporting. EDI files make it easier for businesses to comply with governmental regulations and standards. 

Overall, EDI files are an efficient way to transfer data between businesses, organizations, and government entities. By utilizing a standardized structure and a secure protocol, EDI files make it possible to quickly and securely exchange data in a matter of seconds.

What are the benefits of using EDI files?

EDI files offer a number of benefits to businesses. The most notable is the increased efficiency and accuracy of data transfer, as well as cost savings.

First and foremost, EDI files make transferring data between two parties faster and more efficient. Instead of relying on manual entry and labor-intensive processes, EDI files can be transmitted quickly and reliably, reducing the time and resources needed for data transfer.

Moreover, EDI files are far more accurate than manual entry methods, helping to reduce errors in data transmission. This accuracy can reduce delays in payments, ensuring that businesses receive the money they are owed promptly and accurately.

Additionally, EDI files can help businesses save money. By reducing the need for manual entry and increasing the accuracy of data transmission, businesses can reduce their overhead costs associated with data processing. Furthermore, EDI can help to reduce the need for paper-based record keeping and storage costs, making it easier to access and manage records quickly and efficiently.

Overall, EDI files are a powerful tool for businesses looking to maximize efficiency and cost savings. By streamlining data transmission and improving accuracy, EDI files can save businesses both time and money.

Are there any drawbacks to using EDI files?

Although EDI files are extremely beneficial in many ways, there are a few potential drawbacks to consider before using them. One of the main issues is the cost associated with setting up and maintaining an EDI system. Depending on the level of customization required, the costs of implementation can be quite high. Additionally, training may be necessary for employees to understand how to use the EDI system properly and understand what is an EDI file.

Another potential issue with using EDI files is compatibility between different systems. If two companies have different systems, they may not be able to communicate directly and a conversion process may be necessary. This could lead to additional costs and time delays when exchanging data.

Finally, there are also security risks associated with using EDI files. If a file is compromised or stolen, it can contain sensitive business information that could harm a company’s reputation and trust with its customers. Therefore, it’s important to make sure that any EDI system has appropriate security measures in place to prevent unauthorized access.

What is an XML file? An XML file is a type of extensible markup language file that is used to structure data for storage and transport. It uses a hierarchical structure of elements and custom tags to store data, which can then be read by computer programs. 

This makes it an ideal format for data storage and transport, as it can help organize complex information in an easy-to-read way. In this blog post, we will discuss what an XML file is, how it can help you structure data for storage and transport, and why it is so beneficial.

What is an XML file?

An XML file is a type of extensible markup language file that provides a way of structuring data for storage and transport. It consists of tags, or elements, that each contains data that can be interpreted by computer programs. XML files are hierarchical, meaning they store data in parent-child relationships within their tags.

For example, a tag may be used to indicate the parent element while a child tag holds additional information about the parent. This allows data to be organized in an efficient way that is easy to read and interpret. XML files are also highly customizable since users can create their own tags to store and structure data. This makes it perfect for applications where there is a need for data to be stored in a structured way.

How Can Chimpkey Help You?

Chimpkey is a software tool that can help you with your XML file in several ways. Here are some examples:

1. Auto-generating XML code: Chimpkey can automatically generate XML code based on your input. This can save you a lot of time if you need to create XML files from scratch, as you don’t need to manually type out all the tags and attributes.
2. Validating XML code: Chimpkey can also check your XML code for errors and ensure that it conforms to the relevant XML schema. This can help you avoid issues with your XML files further down the line.
3. Converting XML to other formats: Chimpkey can convert your XML file into other formats, such as CSV or JSON. This can be useful if you need to work with data in different applications that don’t support XML.
4. Editing XML code: Chimpkey provides a user-friendly interface for editing XML code. You can use it to add, delete, or modify tags and attributes, and it will ensure that your changes don’t introduce any errors in the code.

Overall, Chimpkey is a versatile tool that can help you with a variety of tasks related to working with XML files.

How does it work?

XML files are based on the extensible markup language, which is used to structure and store data in a hierarchical format. This data is organized in the form of elements, and each element has its own set of tags that define it. These tags can be used to distinguish one element from another so that computer programs can easily interpret the data contained within the file. 

At the top of an XML file is the root element. This is the most general element and serves as the parent for all of the other elements contained in the document. Elements can have nested elements, which are contained within the parent element and give further detail to the data contained in the XML file. Each element also has a set of attributes that describe the data contained within it, such as its name and type. 

When an XML file is opened in a text editor, it is easy to view and understand how the data is structured. With the help of XML editors, users can also modify their documents and make changes quickly and easily. Additionally, XML files are very versatile and can be used to store data in almost any type of format. This makes it an ideal choice for sharing data between different systems and applications.

What are its benefits?

XML files offer a number of benefits for storage and transport. Firstly, XML files are extensible, meaning that they can be extended with additional elements, attributes, and data types to support new data. Secondly, because XML stores data in a hierarchical structure, it makes the organization of data easy and intuitive. 

This makes it simpler for computers to process and analyze large amounts of data quickly. Finally, XML is platform-independent, meaning that it can be used on any operating system. This allows data to be shared more easily across different systems without requiring conversion. 

Overall, XML files provide an efficient way of structuring and organizing data for storage and transport. It is a flexible format that can be easily adapted to new data requirements and can be used across different platforms. This makes it an invaluable tool for a wide range of applications.

How to create and edit an XML file

Creating and editing an XML file is a relatively easy process. To create a new XML file, you can use any text editor such as Notepad, TextEdit, or Sublime Text. The XML document must start with a prologue that contains the XML version and encoding.

Once you have the prologue in place, you can start adding elements. An element can contain text, attributes, or other elements nested within it. To add elements to the document, use opening and closing tags. For example, if you want to add a “title” element to the document, you would use the following syntax: 

To add attributes to an element, use the syntax:

<element attributeName=”attributeValue”>Text Content</element>

For example, to add an attribute “color” to the “title” element above, you would use the syntax: 

<title color=”blue”>My Title</title>

You can also add comments to your XML file, which help explain certain parts of the code for other developers. To add a comment to your XML file, use the syntax: 

<!– This is a comment –>

Once you have added all the necessary elements and attributes, save the file with a .xml extension. You can then open the file in any web browser to view its contents.

Editing an XML file is just as easy as creating one. You can use any text editor to modify existing elements and attributes or add new ones. When making changes, make sure you follow proper syntax so that the document remains valid. Once you have made the necessary edits, save the document and reload it in your web browser to view the changes.

ChimpKey & Patabid are revolutionizing the way contractors manage material pricing. Now, through their integration with PataBid, ChimpKey is assuring that contractors always have access to the most current and accurate material pricing available. 

This groundbreaking partnership is a game-changer for the industry and ensures that contractors never overpay for materials again. Learn more about the integration of these two great systems in this blog.

What is Quantify by Patabid?

Quantify by Patabid is an integrated estimating and pre-construction software that makes it easy for contractors to manage their bids. It includes a powerful tender search engine, bid management system, quantity takeoff, and an estimating module in one package.

With the ability to access material pricing data from vendors, Quantify provides the most current material pricing data available on the market. It also allows users to quickly find the best prices for the materials they need to complete projects, saving time and money.

The integration with ChimpKey takes advantage of Quantify’s cutting-edge technology and puts it into the hands of contractors. With this powerful combination, contractors can be confident that they are getting the most accurate and up-to-date pricing data available. Contractors can then use this data to accurately estimate their projects and ensure that they are competitive in today’s fast-moving construction market.

ChimpKey + Patabid

ChimpKey is a software that offers an efficient and user-friendly solution to automatically enter data information for businesses. One of the great features of ChimpKey is its integration with Patabid, a pricing database that helps businesses keep track of current prices in the market. 

The way ChimpKey works with Patabid is simple and straightforward. When a customer receives a PDF bill, ChimpKey reads the price information from the bill and sends it to Patabid. Patabid then updates its pricing database with the latest price information, ensuring that businesses have access to accurate and up-to-date pricing data. 

This integration between ChimpKey and Patabid streamlines the process of managing pricing data, making it easier for businesses to stay on top of the latest pricing trends and make informed decisions about their pricing strategies. Overall, the ChimpKey-Patabid integration is a valuable tool for businesses looking to stay competitive in today’s fast-paced market.

How does the integration work?

The ChimpKey integration with PataBid is easy to set up and requires minimal effort to get started. First, the user will need to create a ChimpKey account and select the Quantify integration. Then, the user will connect their email address to the Quantify account. This allows the user to forward any invoices from their electrical or mechanical supply houses directly to ChimpKey for automated data extraction. Once ChimpKey extracts the material pricing information, it will be automatically updated in the contractor’s Quantify database pricing. 

ChimpKey’s integration with Quantify helps to keep contractors up to date on current material pricing information without having to manually update their database prices. This streamlined integration can help contractors save time and money while improving the accuracy of bids.

The Process

1. Log into Quantify and select the Database tab at the top.
2. Click on the ChimpKey Integration tab at the bottom left side of the screen.
3. A pop-up menu will appear with a long string of numbers and letters, which is an ID key.
4. Connect with ChimpKey directly and provide the ID key along with specific email configuration requirements (which emails they want data extracted from) to get started.
5. Go back to the ChimpKey integration area under the database section in our software. 
6. The number on the top right corner of the logo represents the number of new invoices that ChimpKey has extracted data from, using designated invoices from the user’s email account. 
7. Click on the number and the invoice data comes up.

ChimpKey’s integration with Quantify makes it simple for contractors to have access to current material pricing for their projects. This integration saves time, and money and provides a reliable source of information to contractors so that they can make informed decisions on their projects.

Why Choose ChimpKey?

One of the key features of ChimpKey is its ability to read PDF bills and automatically post them into popular accounting systems such as QuickBooks, Xero, and others. This means that businesses can save significant time and effort by avoiding the tedious task of manually entering billing data into their accounting systems. 

ChimpKey’s automated process ensures that all billing data is accurately recorded and up-to-date, giving businesses a clear and timely view of their financial performance. With ChimpKey’s powerful automation tools, businesses can reduce errors, eliminate redundant data entry, and streamline their accounting processes, enabling them to focus on their core activities and achieve greater efficiency and profitability. 

Overall, ChimpKey’s services are a valuable asset for businesses looking to simplify their billing and accounting processes and stay ahead in today’s fast-paced business environment.

Contact Us

If you would like more information about how ChimpKey and Patabid can help your business with current material pricing, please don’t hesitate to contact us. Our friendly and knowledgeable customer service representatives are available to answer any questions you may have. 

We can provide you with a comprehensive overview of our services and ensure that your business will benefit from making the switch to digital estimating. Reach out to us today to get started.

If you’re wondering, “What is a PDF file?” then you’ve come to the right place! A PDF, or Portable Document Format, is a versatile file format developed by Adobe that allows you to create and exchange documents in a secure and reliable way. 

It has become an open standard, maintained by the ISO, and can contain links, buttons, form fields, audio, video, and even business logic. In this blog post, we’ll discuss what a PDF is, why you should use one, and how you can create or edit a PDF.

What is a PDF file?

A PDF, or Portable Document Format, is a versatile file format from Adobe that gives people an easy, reliable way to present and exchange documents. PDFs are now an open standard, maintained by the ISO, meaning that anyone can view, create and edit PDFs with programs like Adobe Acrobat or other free tools such as Google Docs. PDFs can contain links and buttons, form fields, audio, video, and business logic.

PDFs are often used when sharing documents because they preserve the formatting of the original document regardless of what device or platform the recipient is using. PDFs are also great for archiving because their content will remain unchanged over time.

How Can ChimpKey Help You?

ChimpKey is a software tool that can help you with your PDF file in several ways. Here are some examples:

1. Extracting data from PDFs: ChimpKey can extract data from PDF files, such as text, images, and tables. 
2. Converting PDFs to other formats: ChimpKey can convert PDF files into other formats, such as XML or EDI. 
3. Merging or splitting PDFs: Chimpkey can help you merge multiple PDF files into a different format. For example, if you have 1000 PDFs that you need to enter into your accounting system, ChimpKey can do that for you. 

Overall, ChimpKey is a versatile tool that can help you with a variety of tasks related to working with PDF files.

How to create a PDF

Creating a PDF is easier than ever with today’s technology. You can create a PDF in just a few simple steps, no matter which type of file you are starting with. Here’s how:

1. Open the document, image, or web page that you want to save as a PDF.

2. Select File > Print or press Ctrl + P on your keyboard.

3. Select your printer from the list of available printers.

4. In the Print window, select the drop-down menu beside the Printer name and select Adobe PDF as your printer.

5. Click Print or OK.

6. In the Save As window, select a location where you want to save the PDF file and enter a file name.

7. Click Save.

Now you have successfully created a PDF file. You can now share it, store it, and print it whenever needed!

The benefits of using PDFs

Using a PDF is a great way to share documents and other information with others. PDFs offer the following advantages: 

• Security

PDFs are highly secure since they cannot be easily modified or altered by unauthorized persons. They also provide data encryption and digital signature options to ensure that the content of the file remains secure. 

• Mobility

PDFs can be viewed on any device, regardless of the operating system. You can easily view them on your computer, smartphone, tablet, or any other device. 

• Format Retention

PDFs preserve the formatting of the original document, no matter what device or program is used to view it. This means that the document will look exactly the same when opened on different platforms. 

• Versatility

PDFs can be used for any kind of document or file, from business documents and legal contracts to books and multimedia files. 

• Compression

PDFs are much smaller in size than other types of files, making them easier to share and download. This can be particularly beneficial if you’re sending large files over email or other messaging services. 

• Accessibility

PDFs are much more accessible than other types of files, as they can be opened and viewed by anyone with a free PDF viewer. This makes it easy to share documents with people who don’t have the software necessary to view them in their native formats.

How to view a PDF

If you want to view a PDF document, there are several methods available. The easiest way is to use the free Adobe Acrobat Reader software. It’s available for Windows, Mac, and mobile devices, so you can access your documents wherever you are.

Once you’ve downloaded and installed the software, you can open any PDF document with just a few clicks. The file will open in a window where you can scroll through the text and graphics, zoom in or out to get a closer look, or search for specific words or phrases. You can also print or save the document if you wish.

Other PDF viewers are available, such as Nuance Power PDF and Foxit Reader. These programs offer more advanced features such as annotation and collaboration tools, form-filling capabilities, and the ability to sign digitally.

Regardless of which PDF viewer you choose, it’s important to make sure you have the latest version installed in order to ensure compatibility with the newest PDF features. This will also help you take advantage of security updates and bug fixes.

How to edit a PDF

Editing a PDF file can be a tricky process, as PDF files are not meant to be edited. However, there are some ways to make minor changes to a PDF.

One way to make changes is by using Adobe Acrobat. Adobe Acrobat is the go-to software for creating and editing PDF documents and offers some of the most comprehensive tools available. With Adobe Acrobat, you can add, delete, and modify text and images, reorder and rotate pages, add annotations and bookmarks, and even digitally sign documents.

If you don’t have Adobe Acrobat, there are still other options for editing a PDF. You can use an online PDF editor such as Smallpdf or SodaPDF to make basic edits such as adding or removing text and images. You can also use web apps like Sejda or Google Docs to edit PDFs.

If you want more advanced features such as editing font sizes, changing page layout, or adding images and graphics, then you’ll need to use more specialized software such as Inkscape or Scribus.

Whichever method you choose, it’s important to remember that editing a PDF isn’t always easy and may require some patience and technical know-how. It’s best to check with the creator of the document if you need to make any changes before attempting to edit it yourself.

Achieving a Paperless Office by Using a PDF Conversion service

Even though it may not be possible to absolutely go paperless in business administration, the reduction of paper consumption through the creation of functional and shareable electronic information will go along way in boosting efficiency. With ChimpKey you can convert information from paper to electronic and process documents with ease.

ChimpKey allows businesses to exchange documents like invoices, monthly bills, purchase orders, medical forms, survey forms, questionnaires, etc in PDF format only to have the receiving party hand enter the information into their systems. As result it’s advisable to get ChimpKey it’s capable of PDF to XML conversion, PDF to EDI conversion as well as PDF Invoice conversion. ChimpKey will read the data off the PDF, then deliver a file that can be imported directly into the system thereby eliminating printing the data and entering into in house systems.

Furthermore, by automating your data processing with ChimpKey you’ll have no need to spend time on the quality control process like data verification or validation. This is common with the manual process. Your documents will also have the opportunity of interacting with each other, information will be pushed in with your accounting system and order entry or custom built program.

The majority of e-document service providers out there are more concerned with high volume suppliers who send EDI or similar documents directly from their billing systems. Suppliers end up spending more time and money on changing their billing systems. This may not be affordable for a small business owner nor will they have the time or patience to do so. Some providers offer portals for low volume businesses for the purpose of creating and sending their invoices. This option may not be ideal for medium-based businesses with their own billing systems. In most cases its advisable to make use of software as a service (SaaS), like ChimpKey that’s flexible.

There are great benefits from working towards reducing the cost of processing your documents and increasing visibility of your transactions by going paperless. Embracing ChimpKey that will make conversion and processing documents easier. You can communicate with your different systems by linking them together by using the same electronic paperwork that you are using already. This eradicate the redundancy and data entry mistakes made by people entering the data. As the volume of the data you need to process increases, you won’t need extra data entry staff, you already have ChimpKey that can handle any volume of data.

Software like the ChimpKey PDF to XML converter can automate your business documents and move you leaps and bounds towards the paperless life.

You can contact ChimpKey at 888-373-1365 or info@chimpkey.com

Increasing your Bottom-Line

Lets take a look at the best practices we’ve gleaned over the years from working with our customers as they implement PDF automation technology that integrates with any software solutions :

• Encouraging vendors to move away from paper and toward electronic PDF format by creating purchasing documents in a digital form from the start. Electronic invoices can be saved in PDF format so they can’t be altered and emailed to the company.
• Reviewing the company’s processes to ensure they’re truly efficient. Automating a bad process simply makes a bad process faster and really doesn’t solve the problem.
  Centralizing the accounts payable processes. All vendors should send their invoices to a central office so the individual branches don’t need to manage documents.
• Standardizing the company’s review and approval process so everyone can follow the same procedures. With new employees having workable guidelines.
• Automate what can be automated. and streamline the rest. In cases where purchasing or receiving doesn’t have strict rules with process. An example is three-way matching. Automating may be difficult and the process should be simplified and standardized.
• Don’t try to make the initial implementation too large. Consider streamlining certain processes in phase 1. Automating in phase 2 with streamlining and automating another area in phase 3. Once staff has seen what the technology can do in its early stages, they’ll envision other areas where it can successfully used. Future phases are likely will be easier to implement because of trust and familiarity.
• They plan to expand the paperless solutions to other areas of the company that currently maintain the paper-based processes. It helps to more easily and gain management approval. It will maximize the company’s investment in a state-of-the-art document management system.

Lastly and most importantly, get the executives involved Executives can be shown how they can gain visibility with increasing business intelligence with ChimpKey. Executives can see processes improved, discounts gained, and productivity increased for PDF invoice processing and other data.

Business Process researchers have been able to prove that there is a high correlation between invoice/order automation, low cost per invoice and high on-time payment percentages. This means there are lots of benefits for companies that decide to embrace e-invoice processing instead of manual processing.

A lot of companies are still enmeshed in manual routing of invoice which is often characterized by lengthy approval cycles, missing information on invoices, decentralized invoice receipt, missing invoices and so on. As a result of this, it is very essential to go paperless in order to eliminate these challenges. Automation with ChimpKey reduces risk and boosts cash flow management so profitability will be enhanced.

For non-purchasing-order (non-P.O) invoices, their processing is more challenging and that is why business shouldn’t be entered directly into their ERP systems without initially carrying out some kind of validation or subjecting them to an approval workflow. If the majority of your invoices are non-P.O, ChimpKey will give you the opportunity to capture your transactions for analysis, streamline accruals and eradicate manual touch points.

Moreover, by using ChimpKey, the non-P.O invoice processing problems will be broken down while technology and enforcement procedures will be applied to boost controls as well as visibility so that straight-through processing rates will be increased. Line-level details on non-P.O invoices will also be preserved so that procurement will be visible for in-depth analysis.

ChimpKey saves paper and time which will eventually lead to reduction in the cost of running business. Errors at the source are eliminated while suppliers of all sizes will be allowed to connect easily and inexpensively. This will lead to an enhanced collaboration with suppliers which will guarantee businesses running smoother.

Furthermore, all purchase orders, receipts and contracts will be easily matched to invoices with ChimpKey and various degrees of supplier sophistication will be accommodated. Compliance will also be enhanced across many dimensions like contracts, preferred suppliers and worldwide e-invoice tax regulations. One hundred percent capture of invoice volume will be achieved and earlier visibility will be provided into cash requirements so that provisions for them could be easily made.

Besides, latency in invoice and payment processing will be eliminated while the volume of supplier inquiries will be greatly reduced. Using ChimpKey automation application with multilingual capabilities, flexibility will be enhanced which will lead to greater efficiency. Your company and suppliers will also be provided with global and localized support which will go a long way to boost relationship and processing. Indeed, ChimpKey invoice/order automation is the best choice for forward thinking companies who are seeking ways to boost performance and profitability, but it is important to make use ChimpKey so that the best result will be achieved.