Author Archives: Matt Clark, Corcentric



Taking the Path of Least Friction for a Successful Payables Strategy

e-invoicing

Inefficient invoice processing is standing in the way of companies achieving their bottom-line targets. The cause is manual, paper-based invoicing systems, which lead to late payments, errors, internal process issues, disputes and damaged relationships with suppliers, among other headaches. In a word, “friction.”

It doesn’t have to be this way. New data is showing that digital AP solutions can eliminate these frictions and streamline invoice processing.

The Payables Friction Index: Barriers to Invoice Automation,” a PYMNTS and Corcentric collaboration, quantifies the issues that businesses experience in processing supplier payments and explains how automated solutions can help ease the pain.