According to the consulting firm Gartner in a study for the United Kingdom, the cost of processing an Accounts Payable invoice was, on average, 30 euros per invoice and, in some cases, could reach 80 euros per invoice.
It isn’t easy to obtain this data, and around one third of all companies are not able to determine the amount of this cost, according to a survey last year by Paystream Advisors.
Processing cost
The key to getting down to costs as competitive as those achieved with solutions such as those offered by easyap offers lies in automation. The data shown in IOMA's AP 2012 Department Benchmarks and Analysis Report reflect that the cost of processing an invoice with procedures lacking automation tools can be 20 times higher than that of highly automated processes. These results are obviously leading many large companies to opt for optimization solutions that take this capability into account.
The benefits which are seen by introducing these solutions, are also arriving to SMEs, especially when the automation has low start up costs or a pay per use model. In fact, the smaller the company the higher the costs with traditional solutions, as the accounts payable process does not follow an efficient methodology, not even as a manual process.
What is the cost of processing an invoice in your company?
This value may vary depending on the resources being used in the Accounts Payable department.
You can complement this automation, and the low initial investment of pay-as-you-go solutions, with the advantage of availability through an online platform, in the cloud. The Accounts Payable area is one where the company can save the most money and resources, but there are still many companies that need to evolve in this area.
Easyap is unique in Spain in offering a solution with a high- level of efficiency and savings that can be achieved in the accounts payable system. Contact us and we will show you what you can save and how simple the process can be.
