Corcentric Featured in New PayStream Advisors e-Invoicing Benchmark Report

Corcentric, a main supplier of Records Payable computerization and electronic invoicing arrangements, declared today that it has been included in the most recent eInvoicing benchmark report from PayStream Guides, which tracks changing states of mind towards e-invoicing.

The report, titled “2014 eInvoicing Benchmark Report” affirms, in view of review results, that in spite of the fact that organizations are keeping on changing over to electronic invoicing and computerization, there is still resistance, frequently in light of the mixed up suspicion that current procedures are working.

The report places that “one of the biggest feelings of dread in today’s business world is that of wastefulness.” Arrangements exist that can diminish or dispense with those wasteful aspects, and organizations that have profited themselves of e-invoicing arrangements have seen the advantages. However different organizations still oppose the change.

Among the discoveries of this report:

– 25% of respondents get zero solicitations electronically; over half get half or less of their solicitations electronically

– 40% of those reviewed think their procedures are functioning admirably, yet when asked, they concede that manual steering (68%) and extensive endorsement cycles (58%) are bringing about late installments and lost rebates.

– The three fundamental boundaries to robotizing and electronic invoicing are interior change administration (61.8%), dread of provider resistance (56.9%), and absence of incorporation with existing frameworks.

“What this report appears,” said Loot DeVincent, VP of Item Advancement at Corcentric, “is that what organizations believe is working, obviously is definitely not. At the point when these same organizations write about what they are hoping to enhance, plainly e-invoicing and AP mechanization are the arrangements they’re searching for.”

Download a complimentary duplicate of PayStream Guides’ eInvoicing Benchmark Report.

About Corcentric

For over 15 years, Corcentric’s cloud-based money related process computerization arrangements have reformed how the world’s biggest associations oversee and ensure their budgetary resources. By associating best practices with profound skill, Corcentric’s pivotal Records Payable and Records Receivable computerization arrangements have empowered associations to diminish costs, streamline forms, and give unmatched perceivability officials need to settle on basic business choices.

Take in more at corcentric.com or call 888.525.7677.

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