Metric of the Month

March 2021: Invoices Increasingly Received Electronically

March 1, 2021


IOFM benchmarking data indicates there has been a steady increase in electronic invoice submittals over the past three years. With many finance teams still working from home, we can expect that trend to increase even more in 2021. How well is your AP team equipped to handle the processing of electronic invoices?

Want more benchmarking data? Go to the Benchmarking section of Members can download the IOFM 2020 Benchmarking Reports, and if you’re not a Member yet, schedule a demo to get free access. Or – register for our upcoming webinar: What You Can Learn From AP’s Best Departments.

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