Examining how to turn AP departments into revenue centers and sources of strategic advantage.

Cost Savings and Electronic Payments

One of the benefits of electronic supplier payments, aside from incremental revenue through incentives and increased days cash on hand, is the cost savings that can be generated.

Most industy research groups, such as Aberdeen and PayStream Advisors, calculate the total cost of processing a paper check at $7.15, including labor and materials. Other forms of cost savings come in shape of simpler reconcilliation and reduced 1099s.