AP Automation Benefits: Facts and Best Practices by Leading Analysts

Enterprises are increasingly aware that paper and people-based invoice processes lead to high AP transaction costs. In a recent survey, approximately half the organizations interviewed stated that they had problems with manual data entry, inefficient processes and manual routing of invoices for review and approval. Other issues were lost or missing invoices, a high number of discrepancies and exceptions, an inability to see outstanding liabilities and no way to capture all discounts offered by suppliers.

This White Paper examines the recent research findings carried out by several independent business analysis companies including Aberdeen Group, Gartner, The Hackett Group, and PayStream Advisors. It breaks down the AP automation issues faced by organizations and highlights the major benefits to be gained in implementing an AP automation system. Also provided is the criteria for selecting a solution and a recommendation for organizations to ensure they choose an experienced solution provider.

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