|APQC benchmarking report reveals how top-performing accounts receivable functions improve cash flow|
|Wednesday, 13 June 2012|
Atlanta, June 12, 2012 – OB10, the e-Invoicing network, and APQC, the benchmarking and research firm, have collaborated to produce a best-practices-focused white paper: Accounts Receivable Performance: Doing OK is No Longer Good Enough. The paper reveals the hidden costs associated with AR practices and highlights the solutions used by top-performing companies to refine processes and improve performance.
Based on this year’s APQC AR Benchmarking Survey of 154 accounts receivable professionals, the white paper shows that top-performing organizations spend $1.17 to process a single invoice; this is a dramatic 97% less than those at the bottom of the scale where the cost reaches $39.61 per invoice. This disparity indicates that automation, process refinement, and redeploying staff to more value-added responsibilities can have a significant impact on the bottom line.
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