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Title: Paper-Free Accounts Payable Solutions for SAP
Published by: Esker
Abstract: Research by the Hackett Group has found that top-performing companies process a higher percentage of vendor invoices electronically in comparison with their peers. Businesses recognise the value of automating Accounts Payable and are increasingly eager to gain the efficiencies that automation brings. Recent research by Aberdeen Group found that more than half of organisations surveyed say Accounts Payable is strategic — up from 40% in 2006. The Institute of Management and Administration (IOMA) reports that major drivers for implementation of automated Accounts Payable are large transaction volumes, pressures to reduce costs, and impact on cash flow.
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