Web Invoicing & Electronic Payments: Strategic Impact of Automation

Sponsored By Ariba

Topics:

Accounting > Working Capital

Business Software

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Abstract:

Research by PayStream analysts suggests that Accounts Payable Automation Solutions are gaining popularity as a source to lower the cost of working capital by enhancing discount capture.
A combination of services offered by Web invoicing solution providers is enabling accounts payable operations to receive and process invoices quicker and in a more efficient manner. With faster approval times, finance managers have a greater ability not only to take existing discounts and but to create new ones. These working capital factors have sharply increased organizations’ interest in accounts payable automation solutions that streamline and optimize some or all of the procure-to-pay functions, front-end imaging to convert paper invoices to electronic format, electronic payment and discount management capabilities.
This report is intended to help Finance organizations evaluate viable solutions and product strategies and make decisions to meet the invoice management needs of medium to large corporations.

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Posted: April 15, 2008

Length: 15 pages

Format: PDF (836 kb)

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