Digital solutions

Iron Mountain Invoice Processing solution

Enhance your accounts payable operations with secure and automated invoice processing management

The strategic imperative of modernizing Accounts Payable

The role of Accounts Payable (AP) is rapidly shifting from a transactional back-office function to a strategic imperative for optimizing profitability and cash flow. However, inefficiencies continue to hinder AP teams. 82% of AP teams still manually input invoices, with 56% spending over 10 hours weekly on manual tasks.¹ Excessive paper handling, repetitive data entry, and siloed systems consume valuable time, limiting strategic engagement. These manual processes lead to human errors, payment inaccuracies, and strained supplier relationships, with 39% of invoices containing errors due to manual processes.²

Additionally, frequent exceptions, prolonged approvals, and limited data visibility prevent AP teams from making timely, informed financial decisions and capturing strategic opportunities. Only 36% of invoices in the U.S. are paid on time, while 55% are paid late, negatively impacting supplier trust.

Iron Mountain Workflow Automation Contract Management

82%
of AP teams still manually input invoices
Source
56%
spending over 10 hours weekly on manual tasks
Source
39%
of invoices containing errors due to manual processes
Source

Transform accounts payable operations with automated invoice processing

Iron Mountain Invoice Processing solution, built on the Iron Mountain InSight^® Digital Experience Platform (DXP), can help you:

Make invoice processing more transparent with secure, centralized physical and digital invoice file management. See how each invoice was handled and where your payments are going with just a click.
Increase accuracy by automatically extracting invoice information and feeding it into pre-built, customizable workflows to avoid errors resulting from manual data entry. This will reduce or eliminate the risk of misplacing or mishandling invoices.
Increase efficiency and reduce costs with digitization and workflow automation, so you can sort and organize invoices with a few keystrokes for lightning-fast processing. You’ll also save the time and excess labor of monthly close.

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The results speak for themselves

The Iron Mountain advantage

The advantage of partnering with Iron Mountain lies in our unparalleled scale and the robust InSight DXP platform, which provides a complete, end-to-end solution to transform your accounts payable processes.

Global Scale

Our global scanning capabilities include 141 imaging sites in 45 countries, with the capacity for 2.6 billion images annually, providing a single point of entry for all your invoices.

AI-Powered Accuracy

We leverage AI-powered intelligent document processing to extract valuable data with an average of 97% accuracy, reducing manual errors and accelerating financial transactions.

Security and Compliance

Built on our InSight DXP, our platform provides secure, 24/7 role-based access and systematically applies retention and data privacy policies, enabling continuous compliance and minimizing security risks.

Trusted Partnership

As a trusted global partner with over 70 years of experience, Iron Mountain helps organizations optimize their AP processes for maximum efficiency, accuracy, and scalability.