Invoice and Workflow Automation Benchmark Report 2013
Based on the Results of PayStream’s 2013 IWA Survey
Posted On September 11, 2013
This report is based on the results of PayStream Advisors 2013 Invoice and Workflow Automation survey of over 200 accounts payable professionals at U.S. based enterprises, AP professionals are encouraged to explore front-end imaging, automated workflow and electronic invoice solutions with the goal of reduced processing costs, increased visibility, increased on-time payments and capture of supplier discounts, improved vendor satisfaction, fewer duplicate invoices, and a reduction in exceptions and discrepancies.
Featuring Insights On:
- Invoice and Workflow Automation
- Current AP Automation Trends
- AP Challenges and Automation Goals
- Adoption of Front-End Imaging Solutions
- Automated Workflow Adoption
Underwritten in part by:
- ACOM Solutions
- Basware
- Chrome River
- ReadSoft
- Tradeshift
Table Of Contents
- Executive Summary
- Survey Respondents
- Survey Results
- AP Challenges and Automation Goals
- The Paper Jam
- AP Automation – From Front to Back
- Automated Workflow Adoption
- The Impact of Company Size and AP Automation
- ACOM Solutions
- Basware
- Chrome River
- ReadSoft
- Tradeshift
- Conclusion
Solution Source is your online resource for listings and reviews of the top P2P automation software available.
News
Beware Those Corporate Deadbeats- CFO.com
PayStream Announces Cost Per Invoice Calculator - Shared Services Link
Henry Ijams joins IFO UK Advisory Board
Testimonials
The PayStream Summit is perfect for networking and review of vendor solutions. .......Director of Finance, Exide
I came to the Summit planning to focus on scanning/workflow but left also starting to think about transforming payment process. .......Sr Director Transaction Accounting, Republic Services
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A few decades ago, as P2P automation emerged in the business world, the technology was used primarily by big corporate players. However, for businesses with fewer resources,tighter budgets, and more consolidated operations, these solutions were seen as a luxury rather than a necessity. New solutions are now available for small to medium-sized enterprises (SME)—those with annual revenues under $250 million.
Purchase to Pay in Higher Education
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In its electronic invoicing and invoice workflow automation surveys, PayStream Advisors polled a group of higher education executives and compared the findings with results from other industries and previous surveys. The 2014 survey revealed that by some measures, institutions of higher education are ahead of other industry sectors in automating processes.
