The Perks of Paperless Invoice Processing

An SAP Concur blog post notes that most small and midsize business AP teams handle around 600 invoices per month, at least half of which are paper invoices. Invoices may pass through as many as 15 people before approval for payment. According to an IDC white paper, AP teams deploying Concur Invoice reduced time spent on invoice management tasks and manual processes by 34% and accelerated average time to pay vendors by 51%, equivalent to $511 for every 1,000 invoices processed. The article also highlights Schmetzer's Sporthaus's experience streamlining AP processes with Concur Invoice.