10 key AP automation considerations for global invoice processing
This IOFM report explores what to look for when selecting an accounts payable (AP) solution, along with the risks of standing still.
Global invoice processing is getting more complex — and costly.
According to the American Productivity & Quality Center, organizations with little to no accounts payable (AP) automation:
- Spend an average of $8.78 per invoice, which is $7.01 higher than the norm for those that have embraced automation
- Take 15 minutes or more to process a single invoice
Delays in invoice approvals, compliance failures and manual processing inefficiencies aren’t just operational headaches. They’re business risks.
And with evolving government mandates and other mounting challenges, the cost of inaction is rising.
This whitepaper from the Institute of Finance & Management explores why AP automation is a necessity for companies with global invoice processing. Explore:
- The key benefits of AP automation
- The risks of standing still
- 10 key considerations when selecting an AP automation solution
- Common pain points
- How a multinational corporation transformed its global invoice processing