One way for organizations to reduce costs and better manage discretionary spending is to automate invoice processing and disbursements. On average, it costs $12.90 to process a single invoice. Automation delivers an average of 29% reduction in invoice processing costs, which can translate to $300,000 per year for an organization that processes up to 10,000 invoices per month. This IOFM special report discusses the high cost associated with manual invoice processing by clearly addressing the problems like errors and low visibility, and then explains the solutions that automation provides and how that can benefit your organization’s bottom line.
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