For organizations experiencing growth, pressure to migrate from paper invoicing to electronic payments, or when upper management enacts a new ERP, having a solution that allows quick adaption and flexibility is imperative.
Moreover, a true end-to-end AP solution should reduce processing time and costs by minimizing or eliminating manual intervention for most payments. All the human capital spent matching an invoice to its purchase order or looking for invoices, lost and duplicate bills, and the like, is wasted time and therefore wasted money.
This guide by Bottomline provides useful statistics to address the potential of a stronger solution and how it could transform your business. Organizations with no or limited levels of automation generally don’t capture more than 10% of available discounts, and usually achieve significantly less than that. On the other hand, between 33-50% of those with moderate to full automation reap the vast majority of available discounts.
The guide also addresses how a quality end-to-end AP Automation solution can impact the organization:
- Fraud and Compliance
- Business Continuity, Invoice Handling and Payments
- Implementation and Maintenance
For further your knowledge on AP Automation, Download the complimentary
Bottomline AP Automation Playbook!