BOSTON, MA--(Marketwire - June 9, 2009) -
Aberdeen
Group, a Harte-Hanks Company (
NYSE:
HHS), announced the release of its
most recent e-payables research study,
E-Payables: Invoice Receipt and Workflow. In
modern economic times, enterprises are focused on cost containment and
driving efficiencies within their accounts payable department. Invoice
receipt and approval workflow, the initial phase of the A/P process, must
be mastered by organizations in order to realize value from overall A/P
efforts.
The research report, which examined the priorities, intentions, and
performance of more than 130 enterprises, found that 75% of enterprises are
currently using manual methods of invoice-processing, which inflates both
processing costs and cycle times.
"The accounts payable professionals who master the first part of the
process set the stage for superior performance throughout the entire
invoice process," said Andrew Bartolini, vice president and group director,
Aberdeen. "While it is true that 'cash is king,' overall value cannot be
realized without an efficient invoice receipt and workflow process."
Christopher Dwyer, analyst and co-author of the study, added, "By
automating the accounts payable process, enterprises have effectively
reduced their
invoice-processing costs by over 50% and increasing their overall
visibility into invoice receipt and workflow processes."
Best-in-Class enterprises, noted for their ability to cut both
invoice-processing costs and cycle times by over 90%, utilize a core set of
A/P capabilities and technologies to achieve superior performance.
Top-performing organizations are: 3.7-times more likely to use complete
accounts payable automation, 2.4-times more likely to include standardized
invoice receipt and workflow processes as part of their A / P function, and
46% more likely to hold enterprise-level visibility into A / P processes
(including invoice receipt and approval workflow).
A complimentary copy of this report is made available due in part by the
following underwriters: Basware, Concur, Kofax, and MetaViewer ePayables
from Metafile. To obtain a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=5966.
For additional access to complimentary
Global Supply Management Research, please visit
http://research.aberdeen.com/index.php/-global-supply-management.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers
demonstrable results. Having queried more than 30,000 companies in the
past two years, Aberdeen is positioned to educate users to action: driving
market awareness, creating demand, enabling sales, and delivering
meaningful return-on-investment analysis. As the trusted advisor to the
global technology markets, corporations turn to Aberdeen™ for insights
that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical and independent view of the "customer optimization" process of
Harte-Hanks (Information - Opportunity - Insight - Engagement -
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen or call (617) 723-7890, or to
learn more about
Harte-Hanks,
call (800) 456-9748.
© 2009 Aberdeen Group, Inc., a Harte-Hanks Company
451 D Street, Suite 710
Boston, Massachusetts 02210-1928
Telephone: (617) 854-5200
Fax: (617) 723-7897
www.aberdeen.com
Contact Information: Media Contact:
Andrew Bartolini
Aberdeen Harte-Hanks
(617) 854-5310
andrew.bartolini@aberdeen.com