Blog / AP Automation
Automation: the AP advantage
The article “Automation: The AP Advantage” has been published by London-based Global Banking & Finance Review, where the benefits of electronic invoice handling (EFH) are discussed.
In the discussion article, Michael Cichy, VP Americas Operations at Palette Software, describes how electronic invoice management (EFH) can improve the efficiency of the finance department. According to a recent calculation, companies and organizations in the United States are losing millions on still managing their vendor invoices manually.
However, TH good news is that 70% of companies in the US already use or are considering starting electronic invoice processing, according to a report from Paystream Advisors.