Analysis of supplier spending highlights the causes of slow and expensive processing
Every Exception that occurs in your AP/P2P processing costs money
To reduce the cost of invoice processing without compromising on risk protection and quality of service first requires insights into the inefficiencies. Armed with data about which suppliers raise the most exceptions or credit notes, or what are the most common sources of errors, your AP team can make improvements.
Process improvements save time and reduce the risk of unseen overpayments, which themselves require additional, non-productive time to resolve. Keeping costs down and team time efficiency high helps AP teams deliver more with the same, or fewer, resources.