The “paperless office,” “time savings of 80% and more,” “fully automated processes,” “an end to all manual invoice entry in the ERP system,” — the promises of workflow management solutions are certainly attractive; and as accounting departments are often considered to be cost centres, they are under continual pressure to optimize and become more efficient.
In many cases, constantly growing invoice volumes are managed by a team that remains unchanged in size and may even be taking on additional tasks. Workflow-supported processing of inbound invoices diminishes the manual effort required in accounting, leading to substantial increases in efficiency.
Implementing this kind of solution seems obvious — however, it involves costs and effort.
This xSuite Group whitepaper aims to present the costs, both direct and indirect, that should be considered when making this kind of decision. The focus is on that variable which is the most unpredictable in projects and which is, therefore, most often over- or underestimated, namely the indirect cost factor that comes in the form of effort.
If you are looking at the idea of invoice processing, this whitepaper is what you need to read first before deciding on what solution to take.
Click here to download. You will be glad you did.
Click here to hear read about an actual use case, TEAG Thüringer Energie AG, on automating invoice processing.