2014 IWA Benchmark Report

Capturing Competitive Advantage

Posted On December 18, 2014


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Along with the boom in cloud-based P2P automation technology solutions comes the difficulty of determining which technology will deliver the highest ROI. Rather than automating bits and pieces of back-end activity, a holistic invoice workflow automation (IWA) system encompasses the entire invoice lifestyle.

Though there has been an increase in electronic invoicing in the last several years, there are still many companies that do not employ automation solutions for the next steps in the invoice workflow. This lack of invoice workflow automation can lead to various difficulties, including a lack of visibility and high processing costs, as well as frequently missed discounts.  Because many companies have recognized the pains caused by manual invoice processing, demand for workflow automation technology is now on the rise. Our research has shown that many organizations have plans to employ IWA software in the near future.

The functionalities of IWA systems have become more advanced, accessible, and intuitive than ever, and the value of these systems is highly apparent in cost savings and captured discounts. Optimizing the invoice lifestyle can be seen as a bottom-up approach to cutting costs, increasing industry standing, and ultimately increasing margins. Our 2014 IWA Benchmark Report can serve as a tool for P2P professionals to evaluate today’s leading IWA technology providers, and to choose the one that is perfect for their organizational success. 

 

Table Of Contents


Introduction

Today’s IWA: The Incomplete Picture
 
Optimizing the IWA Universe
 
IWA Industry Best Practices & Best Results
 
Conclusion
 
Ariba
 
Chrome River
 
Corcentric
 
Iron Mountain
 
Nipendo
 
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Beware Those Corporate Deadbeats- CFO.com

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PayStream Announces Cost Per Invoice Calculator - Shared Services Link

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Henry Ijams joins IFO UK Advisory Board

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Research Vault


2014 IWA Benchmark Report

Capturing Competitive Advantage

Posted On December 18, 2014

Our 2014 IWA Bechmark Report sheds light on recent industry advancements in the IWA software landscape, helps P2P professionals understand the benefits and best practices for such technologies, and serves as a guide for selecting the best solution to meet their organization's needs.

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