Did you know that only 14% of companies were considered “digitally mature” in a recent Accenture study?
Unfortunately, accounting and finance teams are in the same boat. Less than a fifth of organizations have the right processes and best-in-class finance solutions to avoid expensive, tedious manual labor.
Manual processes: expensive and risky
A 2021 Emburse survey revealed that AP teams with automated invoice processing pay about $2 per invoice, while organizations relying on manual processing pay up to $10, or a 500% premium.
And 47% of companies experienced payment fraud in the past 24 months, with total fraud losses of up to $42 billion, according to PwC.
What's in this report?
AP teams with modern automation spend far less time on data entry and reconciliation. They can save 25–40 hours per month, eliminate late payments, and increase compliance.
Download Driving AP Success with Automation to learn about:
- 8 common hurdles that slow down AP teams
- 3 key steps you can take to streamline your AP process
- 3 AP automation success stories (with ROI numbers)
- How to capitalize on AP automation today
When you're ready to learn more, we're here to help.
After all, Chrome River lets business flow.
Emburse Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2.5 million users around the world trust Chrome River. To learn more, contact Chrome River at +1 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.