Aberdeen Report

04 January 2012 by Kofax

The accounts payable function has risen to prominence in recent years as a back-office after-thought that can be transformed into a useful cash management mechanism.

However, recent Aberdeen research has found that the majority of enterprises are still employing manual methods of invoice-processing, which has inflated both processing costs and cycle times.

The benchmark study, encompassing the intentions and strategies of over 130 enterprises, found that 75% of organizations are currently mired in a manual and paper-based rut in managing the initial phase of the accounts payable process.

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