Lab Procurement Services provides document scanning, data entry automation and EDI solutions to streamline the procure-to-pay process, as well as other document-based tasks in the lab.
Our technology partner, ScanStore, has been a leading document management solutions provider for over 15 years. LPS and ScanStore work closely together to tailor our document and data processing solutions to the needs of the laboratory market.
The procure-to-pay cycle is a very paper and data intensive process. A very large part of the cost of purchasing, receiving and paying for lab supplies is due to creating, handling, storing and entering data from paper documents. Any part of this process that can be automated with an electronic document, digital signature or automated data capture can save your lab money on every transaction. When these small savings are magnified across every purchase you make, the ROI becomes quite significant.
The holy grail of automation is EDI or Electronic Data Interchange. EDI is usually available from larger vendors that you do a high volume of transactions with. EDI eliminates the exchange of paper documents in the procurement and accounts payable processes, eliminating the handling, storage and data entry costs completely and adding data directly to your accounting system. ScanStore developers work with your IT staff and your vendors to guide you through the process, develop the necessary interfaces and data transformations, implement and stress test the interface.