Accounts Payable Automation Infographic
Dolphin How automation can improve Accounts Payable efficiency SAP users are still relying on paper-based processes As new technology companies are entering into the payables automation system, a large portion of SAP users are still relying on paper-based invoice processes. An increase focus on imaging and workflow. 37% ln. 18% 16% 13% 13% 3% Increasing electronic invoicing Implement invoice imaging Automated Automated approval workflow for invoices ERP application portions of upgrade Outsource payment processing AP process Invoice Automation Invoice automation solutions improve the invoice receipt-to-payment cycle by streamlining how organizations receive and approve invoices and make payments. Paper Invoice Receipt Document and Data Capture Electronic Content Management Matching & Workflow Invoicing Reporting & Analytics Benefits of Invoice Automation The biggest benefit of automating the invoice receipt process for a majority of organizations is fewer lost or missing invoices. Fewer Supplier Inquiries 25% Fewer Duplicate Invoices 30% Better Visibility Across Transactions 33% Improved Vendor Satisfaction 38% Increased Ability to Capture Discounts 40% Reduction in Exceptions and Discrepancies 43% Increased On Time Payments 53% Reduction in FTE/ Processing Costs 53% Quicker Approval Cycles 55% Fewer Lost or Missing Invoices 58% Adoption of Various Accounts Payable Automation Technologies Electronic payments via automated clearing house and purchasing cards are the most used automation technologies in the AP department. 70% lull, 62% 43% 41% 25% 18% OCR/IDR Automated Workflow Electronic Payments Purchasing Cards Electronic Invoicing Front-End Imaging Dolphin Presented By: Dolphin Enterprise Solutions Corporation Source: http://pages.dolphin-corp.com/Paystream_ReportSubmit.html
Accounts Payable Automation Infographic
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