At solv.ai we solve the problem of inefficient communication between people in supply chains. We are asked why our first solution, resolvr™, answers supplier queries? It’s simple. Suppliers raising invoice …
Talking to suppliers
According to Purchase to Pay Network research 82% of companies experience medium-to-very-high volumes of supplier enquiries.
For these companies up to 30% of Accounts Payable’s time is spent resolving supplier queries related to invoice status. By automating this high-cost, low-return activity, AP can better use its resources.
Answering supplier emails
The Purchase to Pay Network also state that 28% of companies receive up to 75% of supplier enquiries via mail. Email is by far the most prevalent form of business-to-business communication
While email is pervasive and convenient, we believe that responding to each one in turn can take between anything from 8-30 minutes