Invoice Automation Benchmarking Report 2010

PayStream Advisors conducted its “Invoice Automation Adoption Survey” in the first quarter of 2010 and developed this white paper to highlight the overall trends that are shaping the rapidly evolving AP automation space. The “Invoice Automation Adoption Benchmarking Report” is designed to:

• Help accounting and financial practitioners familiarize themselves with the electronic invoicing and automated workflow landscape;
• Enable them to better understand the extent of adoption of the various forms of accounts payable automation; and
• Allow companies to benchmark their operations against similar businesses.

Table of Contents

1. Introduction, Survey Highlights and Methodology
2. AP Challenges and Automation Goals
3. Over Reliance on Paper and Barriers to AP Automation
4. Front-end Imaging Adoption and Data Capture
5. Automated Workflow Adoption and Benefits of Automated Workflow
6. Adoption of Other AP Technologies Including eInvoicing and ePayments
7. Impact of Company Size
8. What the Innovators Are Doing to Automate AP
9. Research Methodology
10. Featured Technology Vendors
    1. BancTec
    2. Basware
    3. Esker
    4. Metafile
    5. ReadSoft

Table of Charts and Graphs

1. Challenges in the Invoice Management Process
2. Top Financial Automation Goals for 2010
3. Timeframe for Implementation of Top Automation Initiatives
4. Breakdown of Invoices via Receipt Method
5. Adoption of Imaging Technologies
6. Barriers to the Adoption of Imaging Solutions
7. Maturity of Imaging Solutions
8. Front-end Imaging with Manual Data Entry
9. Front-end Imaging with Automated Data Capture
10. Adoption of Workflow Technologies
11. Benefits of Approval Workflow
12. Adoption of Various AP Technologies
13. Adoption of Imaging and Workflow Technologies by Company Size
14. Adoption of Other AP Technologies by Company Size
15. Breakdown of Companies by Innovation Level
16. Adoption of Imaging and Workflow by Company Size
17. Adoption of Other AP Automation Technologies
18. Processing Costs by Company Size
19. Processing Costs by Level of Innovation