Demand for E-Payables solutions is on the rise
Manual, paper-based Accounts Payable (A/P) departments are eroding the bottom-line of large and mid-market enterprises on an order of millions of dollars each year. While A/P automation offers compelling transaction cost savings and other strategic benefits, only one-third of all enterprises have any significant level of automation in place.
Demand for E-Payables solutions is on the rise, as evidenced by the following:
• Enterprises participating in 2007 Aberdeen benchmark studies consistently rated accounts payable automation among the top enterprise technology investments prioritized over the next year.
• Aberdeen analyst discussions with A/P managers, controllers, and other finance executives point to increasing awareness that A/P is a brutally inefficient enterprise function.