Technischer Support » Payable processing has shown that 90%

Invoice Processing Software ? Major Business Benefits Business Articles | September 28 Cheap Curry Low Shoes , 2007
According to IBM, Gartner and Aberdeen Group, between 75-80% of invoices in any business or organisation, are still processed manually - despite the advent of Electronic Data Interchange (EDI). These days Cheap Curry Shoes , sophisticated invoice processing solutions are available to cut a swathe through the time and costs involved in handling supplier payments. Here is a summary of how they operate.


The Age-Old Problem: Cost Control


According to IBM, Gartner and Aberdeen Group, between 75-80% of invoices in any business or organisation, are still processed manually - despite the advent of Electronic Data Interchange (EDI). These days http://www.cheapunderarmourcurryshoes.us/ , sophisticated invoice processing solutions are available to cut a swathe through the time and costs involved in handling supplier payments and to enhance business workflow.


Invoice Processing: The Real Costs


With a manual system, hundreds ? often thousands ? of invoices must be reviewed and entered onto an accounting system, at massive cost in terms of labour, time and potential error.


Byline Group's research into Accounts Payable processing has shown that 90% of Accounts payable invoice processing involves keying data from paper; that the average time taken to process and Accounts Payable invoice is 12 days Wholesale Curry Gold Shoes , and that 25% of all invoices are paid late.


Also according to Byline's research an accounts payable clerk handles just 70 invoices per day on average. Thus it is easy to put a labour cost on the front end processing. But the repercussions are felt further down the line too.


Invoice Processing Solutions: Key Benefits


Invoice processing solutions comprise software to allow invoice processing to be speeded up massively. This has a great impact on reducing accounts admin costs associated with invoice processing and also enables companies to make best use of any time critical payment times which may attract supplier discounts.


Automated invoice processing solutions allow a wide variety of typical invoices to be scanned at the same time and for them to be automatically reconciled against the original purchase order with minimal user intervention or data entry.