By Kofax
Johannesburg, 27 Oct 2011
Aberdeen Report:
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 organisations are currently mired in a manual and paper-based rut in managing the initial phase of the accounts payable process.
[VIDEO]
Share