Data: Big, Fast, and Smart Today’s information economy requires financial managers to think strategically about data and how it can improve efficiencies for individual analyst or clerk, to improving performance …
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