46% of businesses in the United States are evaluating the usage of an electronic invoicing solution, 11% are in the deployment phase and set to go live in the next six months, and 25% currently have a solution in place, Billentis reports.
Removing paper from the payables process is really a no-brainer. The benefits of digitization and automation are highly demonstrable – in fact, quantifiable. And Tungsten Network clients are paving the way everyday.
With one complex buying organization, prior to joining the Tungsten Network, they had 148 FTEs (full time employees) in their payables department. Today they have 108; they’ve redeployed people more effectively in other areas of the business. Prior to joining the network, it took them 21 days to process an invoice; today 4.5. Not to mention an error rate of 17-18%; today, 0.25%
To learn more about the benefits of digitization and automation in your AP department, download the Billentis report today!