Got Questions? Call Now!
949-583-9500

Blytheco Home > White Papers > Free Download

IOMA Survey Reveals the Effect of Automation on AP Operations

The reason that automation is the hottest topic in AP today is because of its power to
cut costs, improve productivity, and reduce error rates. In IOMA’s recent survey of over
450 AP departments, they asked AP pros to calculate some key metrics and examined
them in terms of their departments’ level of automation.

Overall, the metrics were materially improved for departments with a "high" level of
automation. By this, we mean a great deal of paperless processing through the use of
invoice scanning or imaging, data extraction, electronic invoicing, automated workflow, electronic payments, and so on.

5 Page  | IOMA (The Institute of Management and Administration)

Details

The reason that automation is the hottest topic in AP today is because of its power to
cut costs, improve productivity, and reduce error rates. In IOMA’s recent survey of over
450 AP departments, they asked AP pros to calculate some key metrics and examined
them in terms of their departments’ level of automation.

Overall, the metrics were materially improved for departments with a "high" level of
automation. By this, we mean a great deal of paperless processing through the use of
invoice scanning or imaging, data extraction, electronic invoicing, automated workflow, electronic payments, and so on.

5 Page  | IOMA (The Institute of Management and Administration)

 

Free Whitepaper

First Name
Last Name
Company
Email
Please Call Me
Remember me