Online Payment Systems

The impact of payment automation on bottom line savings

There is opportunity for substantial cost savings via automation in accounts payable departments – typically as much as 40-50 percent.

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How can your business benefit?

In this study, recently conducted by the Aberdeen Group, the benefits of payment automation proved to be significant. In addition to excellent cost savings, companies stand to gain float as the suppliers who accept electronic payments benefit from faster speed of payment.

Cost savings can be achieved by:

  • Building a business case for electronic payments and securing executive support
  • Performing an analysis of spend and invoice data to identify savings opportunities
  • Educating suppliers on the benefits of electronic payments
  • Encouraging cross-functional collaboration among major departments involved in the payment process

Discover other advantages your business can gain through accounts payable automation.

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