Hosting ScanWriter Cloud Features & Benefits

scan-writer

Why ScanWriter Cloud Services?

ScanWriter, the only data entry automation SAAS, uses advanced technology to ensure data accuracy and intelligent error detection at hyper speed. Its integration with QuickBooks and Excel gives you the maximum data entry efficiency without the need for maintaining and installing the software.

ScanWriter streamilines data entry for bank statements, bills, invoices, receipts and more.

See how to automate data entry for Vendor Bills, Credit Card Statements and Bank Statements by calling us at 1-800-688-4281 to schedule a live online demo.

ScanWriter transforms multi-step accounting activities into one streamline task. Your financial records will be kept up-to-date without incurring the cost of an additional full time bookkeeper.

Key Features & Benefits

  • 100% accuracy in QuickBooks/Excel
  • Improve data integrity
  • Supports bank statements, receipts, invoices & more!
  • Manage high volume & batch processing
  • Minimize data entry errors
  • Reduce time & costs
  • Advance error detection
  • Automated account coding & entity name recognition
  • Reliable automated data entry
  • User friendly editing and review screens

Manual input can lead to human error:

  • The avg. accuracy rate of a human is dependent upon multiple factors such as inexperience, risk misinterpretation, conflict of objective, and moral.
  • Avg. likelihood of a human creating an error is 21%.
  • In 2009, 2.5% of firms filed for a financial restatement of their returns.
  • Last year, 75 companies filed 78 financial restatements to correct accounting errors.*
  • In addition, companies delayed 115 financial reports.*
  • Expense recognition was the most common area of error corrections, accounting for 18 percent of all errors.*

Using ScanWriter will save the necessary hours, money and time needed for data entry:

  • Depending upon the amount of work available, bookkeepers can spend on average four hours to 20+ hours each month entering data.
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*According to the May 2009 National percentile wage estimates per Bureau of Statistics, 90% of Bookkeepers earned $24.25 per hour and had an annual wage of $50,450.00. *Bullet points: According to CFOZone.com, “Accounting errors way down: good or bad news?” by Stephen Taub.