The truth about automated accounts payable by Iron MountainWelcome, Guest      sign in | register | help


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Research Abstract
The truth about automated accounts payable
by Iron Mountain

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Published on: March 14, 2012
Type of content: WHITE PAPER
Format: Unknown
Length: 8 pages
Price: FREE

Overview:

Staying stuck in a non-automated, paper-based Accounts Payable process results in anywhere from 3.5 to 2.3 days to process a single invoice. The cost of processing can range from $5 to $25 for a single invoice.


By contrast, automating the process of Accounts Payable can result in a 90 to 95% reduction in paperwork as well as a 25% improvement in labor productivity.


So, why - especially in today's volatile economic environment where every dollar matters more than ever - would an organization overlook an obvious and easily implementable business advantage?


It's an interesting question.


Much of the answer, though, stems from a series of myths and misconceptions about the automation that often governs behavior.


Read this brief paper now and get to the bottom of five myths that may be holding your business back from spectacular cost savings in your Accounts Payable department.

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