Achieving AP Success – The Metrics that Matter in 2020
Do you know how much time and money your accounts payable department spends on processing and paying invoices?
Are you able to access valuable data that will help capture discounts and reduce exceptions?
Have you adopted automation across the entire procure-to-pay process?
If you answered “no” to any of these questions, then you should watch this on-demand webinar, “Achieving AP Success – The Metrics that Matter in 2020.”
This joint event between Corcentric and Ardent Partners will illustrate how to benchmark your AP performance against best-in-class departments and how AP automation can help take your department to the next level. The webinar will reveal that:
- Best-in-class organizations process invoices in 2.9 days, 7x faster than the average company
- The average cost to process an invoice is $10.08, best-in-class organizations process them for only $2.18
- A big challenge is that 6% of AP staff time is spent handling exceptions
- When it comes to improving performance, 76% of all enterprises believe that “smarter systems” are the key to driving more efficiencies
Discover how your department stacks up by accessing this webinar.