Aberdeen Group report finds best-in-class organizations leverage Accounts Payable automation to streamline workflow, eliminate paper and achieve superior performance
Redmond, Wash., June 11, 2009 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, today announced the release of the Aberdeen Group’s new report “E-Payables: Invoice Receipt and Workflow”. Available compliments of Concur at http://www.aberdeen.com/link/sponsor.asp?spid=30410153&cid=5966, this new report focuses on best practices used by top-performing companies and offers specific recommendations based on surveys of accounts payable professionals from a broad range of companies.
“Accounts payable has risen from a back-office after-thought to a strategic cash management mechanism for leading enterprises,” said Andrew Bartolini of Aberdeen Group. “Yet, our research indicates that the vast majority of accounts payable organizations are still mired with manual, paper-based processes and losing ground to the to best-in-class AP departments, who are leveraging automation tools to help standardize their processes and reduce their invoice processing costs by up to 90 percent.”
Concur® Invoice is the on-demand service that streamlines and automates the process of capturing, submitting, approving and paying vendor invoices. With best-in-class organizations using automation to cut the cost of processing an invoice from over $36 to less than $3.50, while slashing processing time from over a month to just under three days, it’s clear why demand is increasing for solutions like Concur Invoice.
As part of Concur’s comprehensive suite of on-demand Employee Spend Management solutions, Concur Invoice helps small, mid-sized and enterprise organizations achieve best-in-class performance by automating the entire invoice management process, providing accurate analysis of employee spend while improving process audit-ability. To learn more about best practices and to read the entire Aberdeen report “E-Payables: Invoice Receipt and Workflow”, please visit http://www.aberdeen.com/link/sponsor.asp?spid=30410153&cid=5966.