Whoever coined the phrase old habits die hard must have worked in accounts payable (AP). Today, AP remains inundated with paper as other areas of life and business go electronic. A recent study found that paper-based invoices still make up 90% of total invoice volume for a majority of AP departments.
The cost of supporting this habit is a steep one. Not only does it prevent assurance of prompt and accurate payments, it fails to set your business apart from competitors. Download the Accounts Payable Automation guidebook to learn more!