This just-released study by Institute of Financial Operations and ACOM shows that under 10% of survey respondents report their operations as highly automated, and 29% reported that paper accounts for more than 90% of their invoices.
Download this latest IFO industry survey offering statistics, trends and challenges facing accounts payable and get answers to the following key questions:
- How automated are AP departments?
- Which technologies are seeing the highest adoption rates?
- What are the costs to process paper versus electronic invoices?
- What are companies’ top technology priorities for the coming year? Which obstacles do they anticipate facing?