The Single Solution to Invoice Processing Headaches

In a perfect world, all invoices would arrive electronically into an Accounts Payable department, and be processed and posted straight-through, without human operator intervention. Unfortunately, Accounts Payable departments do not operate in a perfect world.

The wide range of channels through which buyers receive invoices is a major contributor to the costs, errors, delays and visibility challenges that have become synonymous with Accounts Payable.

Traditional approaches to invoice automation do not eliminate these issues because they do not fully address the challenges associated with managing multiple invoice delivery channels.  Worse, many of these automation approaches come with hefty costs, risks, and burdens on buyers and suppliers.

IOFM’s latest white paper details:

• the challenges posed by multiple invoice delivery channels
• the limitations of old approaches to invoice automation
• how a single-stream invoice processing approach addresses the challenges of multiple invoice delivery channels
• how buyers and suppliers benefit from a single-stream invoice processing approach

If your Accounts Payable department struggles with high costs, lots of errors, slow cycle times, or poor reporting and analytics, this white paper is for you.

Continuing Education Credits available:

Receive 1 CEU toward APM, APS, or P2P recertification! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.

This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.