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Did you know:

70% of companies process more than 1/2 of their invoices on paper?

companies process many of their invoices still on paper INF page image
How much does your company pay per manual invoice INF page image

Think manual processes are not costing your business?

Think again.

Do you know how much you pay per invoice for your company’s manual processes?

In 1 month, the average company spends over $50,000 on invoice processing

BT documentation & messaging 41

Mailing

BT personnel 153

Overhead

BT personnel 141

Labor

BT legal 114

Storage

The per year average costs of invoice processing alone could be up to $3 million

$2 per invoice $0.6 million
$30 per invoice $4 million

Do you entrust your company's resources to this game of chance?

29% of AP managers don’t know how much they spend on invoice processing.

Average cost of processing an invoice with low or no automation... up to 20x greater.

Your paper-based world is not very efficient.

Dont waste company resources on a game of change INF page image

More companies are planning to implement invoice automation in the next year to reap the various benefits

54%

Fewer lost or missing invoices

51%

 Improved vendor satisfaction

46%

Reduction in FTE/Processing costs

45%

Increased on-time payments

42%

Better visibility across the transaction lifecycle

36%

Increased ability to capture discounts

The Solution

Skip the game of chance – Reduce costs by as much as half.

BT action 88

Visibility

BT documentation & messaging 54

Accuracy

BT process & representation 135

Validation

BT action 83

Compliance

Is Your Accounts Payable Process Stuck in the 1980s?

The 80s were great, but clinging to 80s-era accounts payable processes is...less great. Find out why it just makes sense to modernize AP, even if you've still got Flock of Seagulls on heavy rotation.

Is Your Accounts Payable Process Stuck in the 1980s?

Watch the video
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How Paymode-X Helped 3 Organizations Reduce Costs, Earn Rebates and Boost Efficiency

Access this interactive ebook to learn how: A manufacturing company overcame its ERP integration and remittance delivery challenges to scale payment automation in response to growth demands

eBook
BT security fraud & risk 156

Everything You Need to Know About Electronic Payments

Despite the increase in electronic payments in consumers' lives, businesses remain plagued by paper checks. Why is this the case, and what can organizations do about it?

Infographic

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