Ask any business owner, “What is your number one expense every year?” and the most common answer will be “LABOR!”. People are expensive – but far from being just a necessity, they are a business’s most valuable asset. Employees can define a company. But that doesn’t mean they’re perfect. DocXAP, on the other hand, is a close step to a perfect solution for employee value-added productivity.
The reason why labor is so expensive isn’t just the base cost of paying employees. There is the compounding factor that people make mistakes. Organizations have to figure how many hours it takes an employee to complete labor intensive tasks the first time, then add additional time and salary for possible needed corrections of work done incorrectly every year.
Employee errors are infinitely worse when addressing the handling of invoices, accounts payable/receivable, and other strategic and sensitive business documents. Sometimes, there is no way to recoup the cost of fines due to late payments or losing a valuable customer or partner due to delays and misplaced paperwork. And while it is necessary to create an environment and process that reduce human error, there just isn’t a level of human accuracy that can now be reached with the assistance of automated advanced technology and processing like DocXAP from Virtual Data Partners.
Many business owners realize the importance of seeking BPO options to guarantee productivity and accuracy. DocXAP will effectively reduce human error by diminishing labor intensive tasks through automation and multi-level support processing. Our outsourcing solutions provide a 99% data accuracy rating with a less-than 24-hour turnaround on many of your vital business documents. This helps businesses manage employee turnover and add value per employee.
So when totaling up employee labor costs and identifying a business’s return on investment, a formula should look something like this: Base Salary + Lost Time in Corrections + Payments (to right mistakes) = Total Cost (of your current process).
There is a noticeable savings with the use of DocXAP. We encourage a discussion with one of our Virtual Data Partner specialists to identify how a DocXAP plan will streamline your account processes, save you money, reduce your headaches, and much more. We think it’ll be more than worth your time!