SAP Concur: Business Case for Invoice Automation Costs and Benefits
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For finance and AP leaders, the post provides benchmarks on per-invoice processing cost, cycle time, and fraud incidence that can quantify manual-process risk and support an automation investment case.
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- SAP Concur BlogSAP Concur: Business Case for Invoice Automation Costs and Benefits
A SAP Concur blog post makes a data-driven case for invoice automation. It says the average AP organization spends $9.40 and takes 9.2 days to process a single invoice, and that AP departments with no automation and inconsistent processes cost four times as much per invoice as those with end-to-end automation. 62% of organizations report financial losses from fraud in the last three years; 78% of AP departments increased ePayments last year; 19% experience fraud frequently and 33% occasionally; only 51% can immediately recognize AP fraud; and 36% use no technologies to detect or prevent finance fraud. 33% already use advanced analytics and 22% leverage AI to detect and prevent fraud.