Two-thirds of AP departments that have automated their invoice process say they achieve significant cost savings in the routing and approval phase. How? By using an automated workflow solution, which has the ability to look up the correct approvers for a given invoice based on various criteria, such as the business unit or department, type of order, dollar amount, or other variable. Adoption of this type of solution is increasing. When we did this research back in 2004, 84 percent of companies we surveyed said they relied exclusively on manual lookup. Now, that figure is around 50 percent.
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