7 Reasons Why Your AP Department Needs to Implement Document Automation

In today’s fast-paced and money conscious society, the major focus for businesses everywhere is the ‘bottom line’. So the question becomes, how do you provide the same, or better, service while at the same time reduce the costs involved?

According to the IOMA survey "AP Department Benchmarks and Analysis 2010", the average cost to process a single Purchase Order (PO) based invoice was $10.58. For a business to operate more effectively while at the same time reduce its operating costs, the AP department provides excellent opportunity to realize cost benefits through automation. The following document illustrates a few of the reasons why automation is becoming more and more popular in AP departments all over the world.

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