Exploring the Efficiency and Value of Invoice Workflow Automation (IWA) Technology
With invoice workflow automation (IWA) solutions, AP departments can combat and greatly reduce inefficiency. IWA software’s secure, transparent, holistic functionality fills in the gaps left by manual procedures. These solutions do not only reduce processing times and lost or duplicate invoices; they also increase organizations’ ability to capture early payment discounts and reallocate AP staff to more strategic tasks.
PayStream Advisors’ research shows that IWA is one of the most important tools for back-office efficiency, as it consistently provides substantial ROI. This 2015 Invoice Workflow Automation Technology Insight report offers a summary of PayStream’s latest market research related to IWA usage trends, and highlights the most recent developments in IWA functionality.