The results of The 2015 AFP Payments Cost Benchmarking Survey, backed by data from over 500 respondents, confirm 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
On-Demand WebinarThe State of ePayables 2017: The Convergence of Cash, Suppliers and Intelligence
Ardent Partners found that 56% of organizations perceive the AP function as either "very" or "exceptionally" valuable to organizational operations. Listen to industry experts talk through all of the Ardent Partners 2017 research results and the future of ePayables in this on demand webinar.
InfographicPaymode-X: Success by the Numbers
Moving to electronic payments not only leads to greater efficiency in terms of cost, time, and security but also allows for organizations to increase AP automation, savings, and rebates.
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