IDC Report: Automating AP Management Offers Greater Visibility and Cost Savings
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For finance and expense managers, AP automation can deliver quantifiable ROI, higher compliance rates and productivity gains. The IDC data provides a benchmark for evaluating the business value of cloud invoice management systems.
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- SAP Concur BlogIDC Report: Automating AP Management Offers Greater Visibility and Cost Savings
SAP Concur published an article citing an IDC study of several businesses, finding that companies deploying Concur Invoice saw multiple benefits: greater visibility into business performance driving smarter decisions; 505% return on investment over five years; a five-month payback period; 99% of employees using a cloud-based system complied with company procurement policy; and productivity increased an average of 11% due to mobile enablement. IDC said automating the invoice process not only improved efficiency and productivity but also provided big-picture data visibility and increased employee satisfaction.