Uncovering Hidden Costs and Opportunities in Invoice Processing

This SAP Concur blog post explores hidden costs in invoice processing. According to AIIM research, the average cost to process a single invoice is $12.90. A typical SMB processes 450 invoices per month with a duplication rate of 1.29%, and labor costs make up 62% of total AP costs. The article recommends reviewing AP systems, centralizing invoice submission, and adopting automation to reduce errors.