There is no question that manually processing invoices takes too long, costs too much, creates too many errors, and provides inadequate visibility. Yet, only one-quarter of businesses worldwide have fully automated their Accounts Payable processes with technologies such as an electronic invoicing portal.
There are numerous reasons that Accounts Payable organizations cite for continuing to rely on manual or semi-automated invoice processes. But the primary reason why many Accounts Payable organizations have not automated their invoice processing is that they do not know how to build a winning business case for automation.
IOFM’s latest special report provides a step-by-step guide for developing a business case for accounts payable automation that will gain the approval of senior management.