SAP Concur: How Much Can SMBs Really Benefit from Invoice Management Automation?
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For SMB finance leaders, the post offers quantified benchmarks on potential AP automation savings, useful when evaluating whether to prioritize invoice management automation in cost-control and cash-flow agendas.
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- SAP Concur BlogSAP Concur: How Much Can SMBs Really Benefit from Invoice Management Automation?
A SAP Concur blog post examines the potential benefits of invoice management automation for small-to-midsize businesses (SMBs) in accounts payable (AP). Citing AMI-Partners, it notes the typical SMB works with 190 suppliers and vendors, generating 2,280 checks annually if one check per vendor per month; 42% of surveyed SMBs report invoice reconciliation errors; and accounting/finance staff spend 14% of their time each week processing invoices. The post states automated invoicing solutions yield average annual savings of US$34,000 and US$11 per invoice, and promotes Concur Invoice and its ROI calculator.