Industry Facts

  • An AP Clerck Process ...

    between 60 and 80 Invoices per day.
    (ACFE Benchmarking) ...

  • Retriveing a misfiled invoice costs about ...

    US $ 120.
    (Gartner 2002) ...

  • Invoice Filing cost about ...

    US $ 20.
    (Gartner 2002) ...

  • Average AP Clerck Salary is ...

    - Spain, 20004 €.
    - Mexico, 110930 Pesos.
    - USA, 28578 $.
    - Average Europe, 27003 €.
    (IAPP / ACFE AP Benchmarking) ...

  • Every 10,000 Invoices per year requires...

    ... an extra Head Count working for AP Department.
    (IAPP 2003) ...

  • USD 100,000 savings is equal to ....

    ... an increase in sales of USD 1.5 million.
    (Gartner 2001) ...

  • Accounts Payable Outsourcing will grow....

    ... by a 9.5 percent compound annual growth rate by 2007.
    (Gartner 2003) ...

  • Due to deficient processes one invoice is copied..

    8 times.
    (Forrester 2001) ...

  • 98% of CFOs still use ...

    basic, manually-updated spreadsheets to analyse complex financial data.
    (Coda, 2002, Informatics July) ...

  • 60 % of Chief Financial Officers ...

    in mid to large corporations ...cannot get the information they need to measure business performance effectively.

    (Coda, 2002, Informatics July ...

  • Process an Invoice cost ...

    - USA 19,8$.
    - Spain 5,9 €.
    - Mexico 60,2 Mexican Peso.
    - Average Europe 17,3 €.
    (Gartner/IAPP) ...