Many organizations large, mid-sized and small are making great strides towards paperless environments. These aggressive technology adopters have learned that, in many cases, automation diminishes the procure-to-pay cycle times from weeks to just days and delivers rapid ROI.
Overview
Even in today’s modern world, procurement organizations suffer from the inefficiencies inherent to manual, paper-based processes, including the lack of visibility and control over the financial transactions and unavailability of timely information. These factors result in extremely high cost of processing of each transaction, while adversely affecting relationships with suppliers.
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