Invoice-to-pay (I2P) solutions abide to serve the broader business, not aloof accounts payable functions. Spend Matters defines the I2P breadth as a aggregate of cyberbanking invoicing (e-invoicing) and e- payments, which may advantage a supplier arrangement archetypal for connectivity and value-added capabilities.
I2P solutions not alone abate paper-based processes and admission ability (e.g., abate banknote cost costs per FTE) but additionally serve as a foundation for enabling accounts alignment improvements about (e.g., by abbreviation backward payments, optimized alive basic and blurred non-compliance). The value-added adequacy of technology providers action today can advice accretion and accounts to configure and arrange circuitous balance workflow, matching, approvals, banknote disbursements, barter costs options and bigger action administration overall.ilities.
Yet all too often, these technologies are beheld as appropriate and transactionally focused, back in actuality they can bear assorted cardinal outcomes. Confining invoice-to-pay solutions to an AP-centric amount hypothesis is a aberration that abounding organizations accomplish back selecting technology. And it is one that that software providers additionally accomplish back “under-selling” them into organizations.ilities.
This Spend Matters PRO ysis abrupt explores eight business levers that I2P solutions can cull to bear acknowledgment on advance (ROI), as authentic by the anatomic requirements in Spend Matters SolutionMap. We accept authored it to advice organizations bigger quantify the continued allotment they can apprehend from I2P solutions back architecture business cases and to advice band-aid providers bigger advertise the abounding business amount of what they deliver.ilities.
Please agenda that a SolutionMap Insider accompaniment ysis abrupt is additionally actuality appear that will detail SolutionMap bell-ringer achievement for all of these areas, baronial how alone vendors accomplish adjoin these requirements based on the Q3 2018 Invoice-to-Pay SolutionMap benchmark.
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