PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business
leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable.
PayStream Advisors conducted its “Invoice Automation Adoption Survey” in the first quarter of 2010 and developed this white paper to highlight the overall trends that are shaping the rapidly evolving AP automation space. The “Invoice Automation Adoption Benchmarking Report” is designed to:
Help accounting and financial practitioners familiarize themselves with the electronic invoicing and automated workflow landscape;
Enable them to better understand the extent of adoption of the various forms of accounts payable automation; and
Allow companies to benchmark their operations against similar businesses.
Table of Contents
Introduction, Survey Highlights and Methodology
AP Challenges and Automation Goals
Over Reliance on Paper and Barriers to AP Automation
Front-end Imaging Adoption and Data Capture
Automated Workflow Adoption and Benefits of Automated Workflow
Adoption of Other AP Technologies Including eInvoicing and ePayments
Impact of Company Size
What the Innovators Are Doing to Automate AP
Research Methodology
Featured Technology Vendors
BancTec
Basware
Esker
Metafile
ReadSoft
Table of Charts and Graphs
Challenges in the Invoice Management Process
Top Financial Automation Goals for 2010
Timeframe for Implementation of Top Automation Initiatives
Breakdown of Invoices via Receipt Method
Adoption of Imaging Technologies
Barriers to the Adoption of Imaging Solutions
Maturity of Imaging Solutions
Front-end Imaging with Manual Data Entry
Front-end Imaging with Automated Data Capture
Adoption of Workflow Technologies
Benefits of Approval Workflow
Adoption of Various AP Technologies
Adoption of Imaging and Workflow Technologies by Company Size
Adoption of Other AP Technologies by Company Size
Breakdown of Companies by Innovation Level
Adoption of Imaging and Workflow by Company Size
Adoption of Other AP Automation Technologies
Processing Costs by Company Size
Processing Costs by Level of Innovation
Complimentary Document:
This document is available for immediate complimentary download.
Ready to take the next step?
Find a financial automation solution now with Solution Source and get your Free Customer Buyers' Guide: