The average cost to process an invoice can reach $16.67.
Studies report that the error rate in manually processing invoices is between 12% and 15%.
A discount of 1% for paying 20 days early equates to an annual interest rate of approximately 18%.
Knowledge workers spend from 15% to 35% of their time searching for information.
The longer overdue accounts receivables languish, the less likely it is that you will ever be paid.
The average cost to process a Sales Order can run from $1.26 up to $50.70.