The truth about automated accounts payable

The truth about automated accounts payable


Staying stuck in a non-automated, paper-based Accounts Payable process results in anywhere from 3.5 to 2.3 days to process a single invoice. The cost of processing can range from $5 to $25 for a single invoice.

By contrast, automating the process of Accounts Payable can result in a 90 to 95% reduction in paperwork as well as a 25% improvement in labor productivity.

So, why - especially in today's volatile economic environment where every dollar matters more than ever - would an organization overlook an obvious and easily implementable business advantage?

It's an interesting question.

Much of the answer, though, stems from a series of myths and misconceptions about the automation that often governs behavior.

Read this brief paper now and get to the bottom of five myths that may be holding your business back from spectacular cost savings in your Accounts Payable department.

Iron Mountain
14 Mar 2012
14 Mar 2012
8 Page(s)
White Paper
Already a Bitpipe member? Login here

Download this White Paper!

By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.