How much do you spend to process an invoice?

Firms spend from $ 2 to 22 $ to process an invoice. While some in some cases are justifiable, in many instances there are ways to reduce this overheads. New electronic invoicing is one way to reduce the unnecessary administrative cost associated with manual processing.

Invoices can be scanned, coded and entered into auotomated system giving them real-time information on accounts payable. This way you can reduce the accounts payable cost by over 50%.

Another optinon to reduce your accounts payable cost is through outsourcing. This is feasible for small buinsess or for those biz new with automated payable system.

Why easyaccounts payable?

Is your organization utilizing Accounts Payable best practices to stay in control? If you can answer YES to the following questions, you are.

• We know how many invoices we receive on a monthly basis
  
  
• We have defined and well-documented business rules for matching invoices to PO’s and receipts and approval levels that are followed explicitly
  
  
• We catch all duplicate invoices and have very small tolerances for invoices that do not match the PO or receipt
  
  
• We know the number and dollar value of outstanding invoices (liabilities) before they are approved or matched
  
  
• We know how many of our invoices do not match the PO or receipt and why

If you answered 'No' to any of the above questions, you can consider Easy Accounts Payable Services to streamline your business.