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Spendworks customers who have compared their paper-based accounts payable process with the Spendworks process report increased efficiency and dramatically lowered costs.
With Spendworks:
- The number of steps required to process an invoice decreased by more than 75%
- The average time required was reduced by 70%
- The total direct costs were reduced by more than 60%
| |
Paper |
Digital |
Savings |
| Average Steps |
60 |
10 |
80% |
| Average Time in Minutes |
26 |
8 |
70% |
| Average Cost |
$13.00 |
$4.50 |
65% |

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