For accounts payable departments, invoice processing can be expensive and time consuming if dealing with manual processes and paper documents. Automating invoice workflow can help lower costs and speed up processing. PayStream Advisors conducted its annual Invoice and Workflow Automation Adoption Survey in the second quarter of 2012 and developed this report to highlight the overall trends that are currently shaping the rapidly evolving AP automation space. The Invoice and Workflow Automation Adoption Report is designed to:
- Help accounting and financial practitioners familiarize themselves with the electronic invoicing and automated workflow landscape
- Enable them to better understand the extent of adoption of the various forms of AP automation; and
- Allow companies to benchmark their operations against similar businesses.
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