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The results of The 2015 AFP Payments Cost Benchmarking Survey, backed by data from over 500 respondents, confirm what the industry has suspected for a while… that paper checks are considerably more expensive than electronic payments.
But with paper checks still accounting for 50% of B2B transactions1, finance professionals still have work to do to optimize their AP operations because often what doesn’t feel broken goes unfixed.
Access AFP’s latest research to learn:
This eye-opening survey data will help you create a strong business case and sense of urgency around payment automation to drive greater efficiency, cost-savings and fraud prevention.
Fill out the form to obtain your free copy.
1 The Institute of Financial Operations 2014 AP Automation Study