PayStream Invoice Workflow Automation Report
Too many organizations simply scan invoices and email them for approval and call that "automation." In fact, the process is still missing important components like purchase order matching, multiple approval routings, and electronic payments.
This analyst report from PayStream Advisors dives into the details to see where and how organizations are realizing the most productivity gains and true ROI from invoice workflow automation and how that fits within their overall invoice management strategy. PayStream refers to this AP nirvana as holistic invoice management automation.
This report outlines:
- Current market trends in AP automation, specifically for invoices;
- The benefits of deeper functionality and more robust workflows;
- What features to ask for if you're in the market for invoice automation;
- An overview of vendors in this space for your shortlist.
The report also outlines key areas of functionality:
- how software can help input invoices electronically into a workflow, including einvoicing;
- linking purchase orders to invoices and other receiving documents
- approval routing between different departments and cost centers
- payment and reconciliation
- reporting and analytics
It's easy to see how this invoice workflow automation can free AP resources to concentrate on more value-added projects and initiatives.
Download the report using the form to the right and see if the findings match up with your organization. And when you're ready to learn more, we're here to help.
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.