The Payoff of Electronic Payables Processing

 

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Experts on corporate payment systems underscore the virtues of electronic invoice presentment, processing, and payment (EIPP) technologies. Such investments, they argue, can significantly lower the cost of processing invoices for payment. A review of APQC’s Open Standards Research on accounts payable (AP) process costs certainly demonstrates that there is a significant improvement opportunity for organizations that have yet to optimize in this area. A look at the results of APQC's survey on AP process productivity suggests that there is a strong case to be made for investing in EIPP technologies.

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