Do you know what paper-based invoice processing is costing your organization? According to an Institute of Financial Operations study, the average medium sized company processing 10,000 invoices a month is spending more than $480,000 annually. With average invoice volumes on the rise, the cost trajectory is clearly heading in the wrong direction.
But if you don’t know what your costs even are, you’ll be hard pressed to identify where you can cut them. What’s more, it will be nearly impossible to quantify the ROI you could achieve with AP automation.
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eBookHow 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
InfographicEverything 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?
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