| Publisher | 170 Systems | ||
|---|---|---|---|
| Format | Webcast | Date added | 09 Oct 2009 |
| Topics | Accounting Applications | ||
| Downloads | 110 | ||
The "Dirty Little Secret" of Accounts Payable is ... it costs a lot to pay a bill. According to a Hackett Benchmark Study, world-class invoice processing is over $10 less per invoice compared to companies not following best practices - such as eliminating paper-based processes. At 10,000 invoices per month, that eye-popping gap compounds to wasteful losses of over $1.2 million per year! Enlightened finance executives also understand that paper-pushing processes significantly weaken the AP controls environment that can add millions more in losses due to errors & fraud.
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