Two-thirds of Enterprises Seen Lacking Visibility into Spending

Ineffective invoice reconciliation and payment systems hampering effective spend management, Aberdeen says


Ineffective invoice reconciliation and payment systems hampering effective spend management, Aberdeen says









  • Determine which manual steps cause the biggest delays and cost the most money.

  • Automate labor-intensive invoice processing by adopting optical character recognition (OCR) scanning and increasing the use of HTML and electronic transactions.

  • Identify top obstacles to capturing cash discounts and an alert system of escalations.

  • Review your IR&P technology and compare the costs of integrating multiple systems with evaluations of newer integrated approaches.

  • Create benchmarks to measure improvements for the costs of processing bills, time to process an invoice, audit findings, and volume of transactions.


www.aberdeen.com/link/source.asp?cid=3185&pid=PRIR071006


Additional Articles of Interest

accounts receivable processes online When A/R Stands for Competitive Advantage Supply & Demand Chain Executive

Web Invoicing & Electronic Payments The Analyst Corner: Payment Supply and Demand Chain Executive


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