New Corcentric Blog: What's Keeping Your AP Department from Being Best in Class?
(1888 PressRelease) Corcentric's latest blog discusses why many companies have not yet implemented e-invoicing and AP automated workflow solutions.
McLean, VA - Corcentric, a leading provider of Accounts Payable automation and e-invoicing solutions, uses its latest blog to explore the reasons why companies may be reluctant to implement the very solutions that will cut costs, increase efficiencies, and free up AP staff time so they can focus on more strategic endeavors.
Citing an Aberdeen Group 2012 report, Corcentric shows that best-in-class AP departments are able to process invoices for less than a quarter of the cost of AP departments in companies not using e-invoicing or automated workflow solutions. There appear to be four main barriers standing in the way of implementation.
• Lack of internal support
• Lack of funds
• Difficulty of systems integration
• Shortage of IT resources
The blog offers responses to each of these issues and also provides a link to a Corcentric report: Creating a Best-in-Class AP Department.
The Corcentric blog is a knowledge center for accounts payable professionals to explore automation best practices along with the latest trends and news in financial process automation.
View Corcentric's latest blog http://blog.corcentric.com/best-in-class-ap-dept/.
