2014 IWA Benchmark Report
PayStream Advisors Looks at State of Invoice Workflow Automation
Still processing invoices manually? You’re not alone. PayStream Advisors surveyed financial professionals and found that 24 percent of companies pay less than 10 percent of their invoices electronically; 13 percent pay none that way.
Paying invoices manually means fewer early-payment discounts, longer invoice approval times, poorer visibility into invoice status, and weaker compliance.
That’s why businesses are turning to invoice workflow automation (IWA) to help them move to electronic payables processing. Download this benchmark study to find out how IWA can help your business replace error-prone, costly manually AP processes with readily available electronic solutions.