A/P Automation Benchmarking Report

How familiar are you with your company's Accounts Payable and Vendor invoice process?

Very familiar

Somewhat familiar

Not familiar at all

In which format or formats does your company currently receive invoices from your current providers (Select all that apply)?

What is your monthly invoice volume?

How many full time employees are assigned to open, scan, and route invoices?

On average, how long does it take your company to approve invoices from the time it's received?

How is the invoice entered into your company's ERP, accounting software, G/L or A/P software?

Invoice details are entered manually.

Invoice details are capture via a software, then it's checked for accuracy for errors.

Invoice details are entered by a third-party provider and routed by the company for approvals

Other

How does your company retain invoice documents (Select all that apply)?

Invoices are manually filed in hard copy.

Invoices are scanned at multiple locations or other facilities.

Invoices are scanned at a central location.

Invoices are scanned by a third-party provider.

What has kept your company from automating the process of vendor invoice management (Select all that apply)?

We are satisfied with our manual process

Unfamiliar with solutions, lack of education on what is available in the market

We do not believe there is an ROI to justify the cost of automation

Budgetary requirements, lack of executive buy-in

Other

The following questions are for demographics purposes only. This information will be kept anonymous and will never be shared with any outside party.

Which department best applies your position within the company?