The 2015 AFP Payments Cost Benchmarking Survey, backed by data from over 500 respondents, confirms what the industry has suspected for a while…that paper checks are considerably more expensive than electronic payments.

But with paper checks still accounting for 50% of B2B transactions1, finance professionals still have work to do to optimize their AP operations because often what doesn’t feel broken goes unfixed.

2015 AFP Payments Cost Benchmark Study

Why it matters?

Nearly 80% of companies are transitioning their B2B payments from paper checks to electronic payments. 

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