Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. What if you could reduce these costs by 80% and increase the speed of processing invoices by up to 10 times?

Invoice Processing 52

Invoice Processing Reconciling Invoicing Data Entry 52

Nanonets

FEBRUARY 26, 2024

Lost Productivity:  The average invoice processing time in a manual environment can reach as high as 45 days. 💡 According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Nanonets

AUGUST 17, 2023

In the 2021  World Class AP Performance: Efficiency Benchmarking Metrics report,  IOFM found that companies without Accounts Payable automation paid the highest average cost per invoice of $1.83 per invoice for the highest process maturity level. per invoice. 

Accounts Payable 52

Accounts Payable Accounts Payable AP Purchase Order 52

Nanonets

APRIL 17, 2023

Schedule a Demo Flow by Nanonets: Automate your Account Payable Process Benefits of AP automation Automation is being seen as the only way toward improved services, and efficiency in financial processes. These costs, when added up, can significantly impact the overall cost-effectiveness of the AP process.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52