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Two years ago, Alltel Wireless was saving about $1 million annually by paying certain invoices by the deadline and receiving a prompt-pay discount. This year, the savings have climbed to almost $17 million, thanks to an automated document processing solution the firm implemented, according to Lynn Smith, finance manager for accounts payable (A/P). Now things happen quickly, and Alltel is no longer flying blind. “Before we couldn’t tell which invoices were for $5 and which were for $5 million until they had been manually entered,” she says. “We were always guessing about the potential impact on cash flow and working capital.”

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