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Each year, Ardent Partners puts together their “Metrics that Matter” report on the metrics that organizations use to measure success in their AP departments that make them top-performing and best-in-class.
For those organizations that have embraced AP automation, there are statistics that Ardent Partners has highlighted in their report that make certain adopters “best-in-class.” These include invoice processing costs, electronic payments, invoice exception rates and the rate of touchless processing.
Here's what Ardent Partners found in this year's report:
Today’s AP departments are utilizing automation at a higher rate than ever, and it’s paying off through gains in efficiency, accuracy and cash management. With the help of automation technology, companies can overcome barriers, like limited visibility and effectiveness, and become more streamlined than ever before. Want to learn more about the metrics that Ardent Partners is using to examine today's AP departments? Download the report!
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