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CSI LG E-Accounting Project streamlines the acquisition and accounting process using web technologies and digital signature
July 6th, 2001
Traditionally, the LG acquisition process has been paper-based, labor intensive, and heavily dependent upon manual and repetitive data inputs. This environment restricts access to source data provided by various contractual, financial, and logistic documents and in numerous discrete systems.
The LG Communication Center initiative is built on a foundation of full utilization of source data input - shared electronic documents, data, and information throughout the enterprise. The eAccounting project is part of the surrounding project aimed at streamlining and reducing the paperwork for the LG Communication Center.
The Application Objectives
The eAccounting Application objectives are as follows:
- Create an Electronic Commerce environment using existing tools.
- Demonstrate process improvements in bill paying and accounting operations.
- Reduce operating costs.
- Reduce unmatched disbursements.
- Provide a Digital Signature feature coupled with Web technology to process payment information.
The Application Benefits
The eAccounting Application objectives are as follows:
Elimination of Paper-Based Support Functions: From a management and cost savings standpoint, the implementation of eAccounting will eliminate numerous support functions required for the current paper based process. With the electronic capture, storage, and retrieval of required documents, the supporting infrastructure which includes paper, file and copy document no longer need to be maintained.
Global Accessibility: Multiple users will be able to globally access documents which will streamline processing, reduce the need for re-keying, improve accuracy, and provide real time processing and access to document status. Users of the system will be able to research discrepancies, history or status related to payment, request shipment or invoices, without having to involve individuals from other organizations in the process.
Accuracy of Documents: Current problems such as unmatched disbursements, duplicate payments, and payment delays can be alleviated using the eAccounting system.
Secure and Auditable Transactions: Access to appropriate functions and documents will be controlled through the user registration process. In addition, Public Key Infrastructure (PKI) certificates will be used to verify user identification, and to digitally sign documents when required.
For more information, please contact:
CSI Technology Group
330 Mac Lane
Keasbey, NJ 08832
U.S.A
T: 732-346-0200
F: 732-346-0209
Email: sales@csitech.com
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