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Is This Outdated Process Costing Your Business?
1reports1reporting sources2022-06-29Update
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Outdated invoice processes lead to duplicate payments, late fees and supplier dissatisfaction; automation can significantly reduce costs and free employee time.
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6月29日
- SAP Concur BlogIs This Outdated Process Costing Your Business?
The article notes manual invoice processes are costly and many financial decision makers are unaware. Outdated systems, inaccuracies, labor costs and decreased productivity are four key issues. ACFE estimates a typical organization loses 5% of revenue to fraud annually; AMI-Partners found implementing a vendor invoice management solution saves an average of $13 per invoice and $34,116 annually.