Paper receipts do not last. Besides just getting lost, the typical receipt is printed on thermal paper that can turn black over a course of a few weeks to a month. ARCHIVE-WISE digitizes in your hard copy receipts and stores them for archival purposes. Many industries need to maintain receipts for 7 years while other 15 years. Hard-copy receipts take up enormous space and are often lost or damaged whereas having each billing cycle on a separate CD/DVD is easy to keep track of. Original receipts are returned to a location of your choosing from your office to storage facilities to shredding services.
- Savings – storage space
- Savings – internal scan time
- Mitigate program risk
- Compliance with state and federal laws as applicable
- Reduce internal audit findings