The American Productivity & Quality Center found that best-in-class companies report an average cost per invoice of $2.07 while other companies report an average cost per invoice of $10 or more. That means that leading AP departments enjoy 80% lower costs than other companies.
That’s about an 80% improvement.
When you consider the many problems associated with manual AP invoice workflows, it’s no wonder why that number is so high:
- Incomplete or inaccurate data
- Poorly organized information and lost documents
- Difficult to find information
- Missed payment discount deadlines due to inefficient approvals
- Poor integration of systems leads to more manual work and data entry
- Decision makers lack data about each invoice and about the entire AP process
Fortunately, Paperwise AP process automation addresses these concerns and more.
You can learn more about our unique approach to process automation in this free report:
[/vc_column_text][vc_row_inner content_placement=”middle” css=”.vc_custom_1588012854025{background-color: #2e5676 !important;}”][vc_column_inner width=”1/2″][vc_empty_space][vc_single_image image=”504″][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]Free Report: The Top 7 Benefits of AP Process Automation
[/vc_column_text][vc_empty_space][contact-form-7 id=”529″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Have you been concerned about the costs, inefficiencies, fraud risk and late payment penalties associated with AP invoice processes? Download this free report today, or contact us to schedule your free consultation.
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