Accounts Payable Slow to Adopt Paperless Invoicing
Businesses could save money and decrease environmental impact by modernizing their accounts payable departments, which lag other business departments in reducing environmental impact.
About 83 percent of A/P departments are managing about the same amount of paper invoices as they did four years ago. Meanwhile, about 68 percent of A/P departments are processing the same amount of manual payments as they did four years ago, according to the “E-payables Benchmarking 2009: Accounts Payable Rising” study from the Aberdeen Group.
Ironically, despite the lack of a move to paperless invoicing, about 70 percent of A/P departments report being under “high” pressure to reduce costs (see above chart).
Here is a look at how best-in-class A/P departments are outpacing their peers in use of processes, organization, knowledge and technology.
Energy Manager News
- Local, State and the Federal Government Excel at Energy Efficiency
- CA, MA Tie for ACEEE Top Spot
- Integrated Dimmer/LED from Energy Focus
- In Duluth, This Month’s Utility Bills Include a Little Something Extra
- PSEG Surreptitiously Starts Retail Energy Supplier
- New Refrigerant Rules Will Have Long Term Impact
- Building Data Platform from Leviton
- Athens, OH, Nears $4.28M Retrofit Project