Are You the Company’s Invoice Guru? Here's How to Improve Your Processes

The article notes that many SMBs rely on a single employee for AP, and manual processes are time-consuming and expensive. An IDC study found that after moving from manual to Concur Invoice automation, total processing time per invoice dropped 53%, staff time decreased 64%, savings equaled $7,537 per 1,000 invoices, vendors received payments 51% faster, delayed payments fell 67%, IT staff time fell 29%, and overall annual benefits reached $14,953 per 1,000 invoices.