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  • Perils of Manual Invoice Processing

    Uploaded by

    Sonal Mehta
    49 views1 page
    Let's remind ourselves of the shocking truth of manual invoice processing - an outdated methodology that serves a number of weaknesses.

    Original Title

    Perils Of Manual Invoice Processing

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    Let's remind ourselves of the shocking truth of manual invoice processing - an outdated methodology that serves a number of weaknesses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    49 views1 page

    Perils of Manual Invoice Processing

    Uploaded by

    Sonal Mehta
    Let's remind ourselves of the shocking truth of manual invoice processing - an outdated methodology that serves a number of weaknesses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Perils of Manual

    Invoice Processing
    INVOICE
    8.3 PAYMENT
    $12,000

    DAYS

    Average time to process Average loss per month


    an invoice manually because of duplicate
    invoices

    85

    22% of staff time goes in 1 hour, 45 minutes of


    vendor query responses every 8 hours goes into manual
    invoice processing

    Vendor Payment Failure to Use Early


    Delays Payment Discount

    Common
    Increased IT Costs for
    Incomplete Invoice Manual Invoice Patchy Manual
    Records
    Processing Isuue System

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