5 Benefits of Automating Government Invoice Payments
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Government agencies face budget pressures, and manual AP systems are costly and error-prone. Automating invoice payments can improve efficiency, visibility, and compliance, and may capture vendor discounts and rebates.
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- SAP Concur Blog5 Benefits of Automating Government Invoice Payments
A SAP Concur blog post discusses the benefits of automating government invoice payments. It cites AIIM data: the cost to process one invoice is on average between $13 and $25, and processing a single paper check adds another $7.15. SAP Concur partnered with StateScoop to quantify the costs of manual AP systems. The article lists five benefits of automating invoice payments: increase productivity and employee satisfaction, get more visibility into spending, manage invoice payments from anywhere, be more efficient and generate revenue, and reduce audit and compliance costs. The report concluded that automating invoice payments can pay for itself in less than one year.