25 Jan Increasing your automation decreases your errors.
“An invoice usually goes through five steps from the time it is received until it is paid. That means there are at least five times when human error can derail the payment process.”
If your organization is still processing invoices by hand, you are
- Slowing down the approval process
- Affecting your ability to manage cashflow
- Decreasing your ability to benefit from payment discounts
- Negatively impacting relationships with your vendors and suppliers
Based on a recent study by the Aberdeen Group, the current best practice of leading organizations is to automate 70-80% of their invoice processing.
Read the full, original article, Why fleets should automate AP processing.