PROACTIS Resources


A wealth of resources for you to read, watch and explore 

Accounts Payable Survey: The Impact of Invoice Automation on Financial Performance

This survey details the impact of invoice automation on the financial performance of an enterprise, providing recommendations on minimising the time and money spent processing invoices.
Accounts Payable Survey: The Impact of Invoice Automation on Financial Performance
 
 
PROACTIS set out to determine the impact of invoice automation on the financial performance of an organisation by surveying more than 100 European medium-sized enterprises.

It found that Finance departments are being compromised by high-touch invoice processes and sub-standard performance in Accounts Payable, due to errors and mistakes in manual, paper-based invoice processing.

Among the key findings:
  • Accounts Payable spends in excess of 70 percent of their time trying to reconcile invoices.
  • 32 percent estimated their company has at least £10,000 a month delayed due to invoicing errors.
  • 43 percent reported less than 10 percent of invoices are handled using automated exception workflow.
Download this paper for the full research insights and the most widely used key performance indicators by organisations when assessing invoice performance.

 
Download Resource

 
Get in
touch
Attend
an event
Explore
resources