Taylor:
I have done this in other companies. But I have always stayed away from financial incentives. Some ideas we have done is:
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look at user scoring (thumbs up and thumbs down)
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combine it with employee scoring (encourage peers to rate/vote on their coworkers)
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provide non dollar rewards and focus more on gift certifictes to Amazon, restaurants, etc.
Note: Josh is right -- people are busy, so you might want to try his idea of interviewing people and then transcribing it.
Something that might help is:
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to give employees a template to work with. I like how Wikihow.com does this
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to pick out the topics and then ask employees to sign up for this topics
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to give employees recognition on the site such as John Smith being your Invoice Expert
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Good luck. Let me know if you want to discuss more here