Accounts Payable Success Stories: Results that Support Growth and Reduce Costs; Discover How an AP Extreme Makeover Will Help Your Business

Business Wire, Jan 16, 2006

BOSTON -- Is your accounts payable in need of an extreme makeover? In an era of financial transparency and the constant drive to reduce costs, no function is better positioned to help itself, command executive attention, and justify investment to align itself with financial objectives than AP. So why does AP remain mired in antiquated, manual processes?

A new Aberdeen report, "E-Invoicing Solution Selection - Leading an Accounts Payable Extreme Make Over," is your guidebook to choosing the right strategy, effectively building an invoice reconciliation and payment (IR&P) case for action, and selecting the right provider for your company. This comprehensive report includes frameworks to help enterprises assess their solution requirements and select the best-fit solution by highlighting the drivers influencing process transformation, deployment of best practices, and Aberdeen's recommendation for success.

During 2005, AberdeenGroup researched over 1,250 accounts payable programs. The latest report in Aberdeen's Invoice Reconciliation and Payment Business Research Series finds that most AP organizations continue to struggle with the following challenges:

--Paper-based, labor-intensive processes

--Dissociation from procure-to-pay activities

--Fear to suggest new tools or enforcement of mandates

--Ineffective internal promotion and business case development

"E-invoicing has emerged as the essential tool capable of integrating multiple electronic means over paper-based methods. It's the best way to significantly reduce costs and capture valuable business information," says author Jeff Pikulik, the lead analyst in Aberdeen's Financial Value Chain practice. According to Pikulik, "Payables processing costs typically drop 60% when web-based automation is folded in. The results are impressive and really align the accounts payable team to the company's more strategic challenges."

This report is a must-read for every financial, procurement, or accounts payable director recognizing their need for an accounts payables extreme makeover.

To obtain a copy of the report, please follow this link:

http://www.aberdeen.com/link/source.asp?cid=2468&pid=EISS011606PR

AberdeenGroup, Inc. provides fact-based research and insights focused on the global, technology-driven value chain. Aberdeen's benchmarking, market and solution assessments, sales acceleration programs, and conferences support Global 5000 value chain and technology executives and the solution providers who serve them.

For more information, visit www.aberdeen.com or call 617-723-7890.