Every year about 550 billion invoices are generated and processed, mostly manually, and the cost to business is staggering.
- A poll of 1,485 organizations on the total cost of accounts payables (AP) found participants paying between $2.07 and $10 per invoice.
- An Aberdeen Group study found that invoice processing costs range from $5-$25 per invoice.
- P2Insight analysed data from several sources to estimate the cost of invoice processing ranging from $13.89 (standard processing) to $76.39 (processing with exceptions).
Bottomline – processing invoices costs money.
This Automation Anywhere eBook outlines AP challenges, in particular invoice processing, and showcases how intelligent automation using RPA with artificial intelligence (AI) can not only fix those pain points but help you reach a best-in-class status.
Download this eBook and discover how IQ Bot has helped a Fortune 500 high tech company’s business results including 4X faster to setup than intelligent OCR, 20% of PO processing automated in just 5 weeks, and 100%+ ROI within 3 months.