Reduce Invoice Processing Cost

For businessess for any size the cost to process an invoice makes up a big chunk in the cost of maintaining acccouts

In one of the studies it was found that the cost to process a vendor payment ranging from $5 to $26 an invoice. Studies have consistently highlighted the median cost to process a vendor payment across all respondents of approximately $6.00.

Another facet is the correlation between the cost to process an A/P invoice and the size of the company. In order to optimize vendor payment, it's suggested to benchmark your time require to complete a voice and the number of Accounts payable staffer ration.

Total processing time per vendor invoice in your biz should average less than 3 days.

Streamlined invoice process cost will help you to:

• Drive down costs
• Avoid compliance-related penalties
• Increase productivity
• Insure policies are current
• Keep up with AP methods and technologies
• Maintain necessary internal controls

Please contact me for further information regarding cost-effective accounts payable service. Sign-up for a quick call back.