Last post we talked about account reconciliations…
We got another great report from TAPN. Here is it for you…..
Brought to You by The Accounts Payable Network and Corcentric
A recent benchmark study sponsored by The Accounts Payable Network on the state of accounts payable, shows that automation, process improvements and error reduction remain top priorities for today’s AP departments. This study, which captures key AP metrics of 420 organizations, indicates the value of automation to move from paper processing to paperless, to lower per-invoice processing costs and to free up resources for more strategic, value-added tasks.
This information-packed benchmark study reveals:
- Top concerns of survey participants compared to five years ago (and yes, it has changed)
- The trend towards centralization and/or shared services
- Rating of compliance with various regulations
- Current level of automation in AP operations
- Satisfaction with implementation and process improvement with technologies
- Average cost per invoice processed
This valuable report, available at no charge for a limited time, will give you metrics to compare your organization to others and get a pulse on how you are doing. Get your copy today courtesy of Corcentric!
Corcentric is a leader in financial process automation, specializing in accounts payable automation, PO requisitioning and imaging, and workflow solutions. By creating a paperless conduit between Procurement, Accounts Payable, Accounts Receivable, and suppliers, Corcentric allows companies to immediately manage 100% of their invoices electronically. Our cloud-based (SaaS) architecture allows for solutions to be configured in days rather than months for rapid return on investment.
Learn more at www.corcentric.com or call 888.525.7677.
About The Publisher
The Accounts Payable Network is the world’s leading resource for objective insights into virtually every area of accounts payable: productivity, performance, controls and compliance. www.theaccountspayablenetwork.com, 770-984-1184.
Note : The above information is the property of The Accounts Payable Network and Corcentric.