A White Paper Focusing on the Ever-Increasing Importance of Eliminating Paper, as Emphasized by the Pandemic.

AP Automation & Raindrops Make Waterfalls

This White Paper reveals why traditional manual invoice processes are broken and recommends automation opportunities to improve and streamline your Invoice-to-Pay processes while leveraging the innovative AP Automation tools provided by Invoice Stream.

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68.8% of Suppliers are still submitting invoices manually

43% of Supplier payments
are still made via paper check

Manual processes involving the handling of paper are costly, inefficient, and environmentally unsustainable.

  • The cost to process a single invoice manually is upwards of  $13 – processing invoices electronically can reduce this cost by 6 x’s
  • Manual processes are error-prone (the “bane of AP’s existence”, Ardent Partners), increase the time to post, and bloat approval timeframes
  • Paying Suppliers electronically, has the following benefits:
    • Eliminates Friction
    • Reduces Fraud
    • Increases Visibility & Control
    • Improves Cashflows
  • Going paperless saves millions of trees annually!

22% AP Staff Time Spent on Answering Supplier Inquiries

31% Too Much Paper and Manual Proccesses, Resulting in an Avg. Invoice Processing Cost of $10.89

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Equipping Accounts Payable departments and professionals with the right tools enables, your organization to excel even in tough economic times. Joining the Invoice Stream platform to drive automation across the AP spectrum is accomplished with no IT resources or up-front investment, and allows for Working Capital Optimization through early pay discounts, payment acceleration offers and reallocation of resources.

Fill out the form to find out what makes Invoice Stream the right choice for your AP/P2P automation strategy.

Invoice Stream... Automation Redefined

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