Consolidate & Protect Valuable AR Data
With mergers and acquisitions common, the joined organizations typically end up with additional systems where financial information, such as receivables, is stored. When data is spread throughout multiple AR systems, it can be problematic for your organization’s AR department, creating inefficiencies and increasing the likelihood of errors.
GRM’s AR workdown solution consolidates the relevant data from each of the various AR systems that your healthcare organization has acquired and enables your staff to process more accounts in less time. And, the GRM solution helps eliminate the learning curve associated with new systems by mimicking the functionality of the AR system with which your staff is most comfortable.
Additionally, this solution helps protect your organization from unnecessary risk. If your healthcare organization is storing information across multiple accounts receivable systems – particularly older systems – you run the risk of system failure or sunsetting. In either scenario, you stand to lose access to vital accounts receivable records. And lost AR records are lost revenue.
Capture & Organize Related Documentation
Automate Approvals and Payments
On the other side of the house, unrelated to patient accounting, vast quantities of purchase orders, invoices, and other documents related to purchasing and procurement are being created.
GRM’s intelligent capture, iForms, and workflow automation solutions work in concert to keep this machine running smoothly and efficiently. Purchase requisitions can be captured and kick off a complex workflow automation process that manifests as a simple and logical flow of documents and approvals. Data can be automatically given structure in iForms. Incoming invoices can be auto-matched to requisitions – down to the line level. Approvals can be prompted. And payments can be made.
A simple yet powerful set of tools integrate easily with purchasing, payables, and general ledger software to bring simplicity, efficiency, and order to processes that demand error-free execution and predictable movement toward completion.
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