If you look at paper, postage, FedEx costs, couriers...over the span of three years we were able to save 30%-40% as far as those individual buckets.
-GARY H.
SENIOR DIRECTOR OF IT AT BRANDYWINE REALTY TRUST
eBook
The Surefire Way to Increase Efficiency and Cost Savings with AvidPay
Paper checks still account for more than 70% of B2B volume in the US. Conservative estimates place the cost of processing a single check between $3-7, which includes supplies, like postage and envelopes, as well as labor costs. B2B admin costs associated with this antiquated process are estimated at $2.7T annually and AP personnel spend about ~30% of their time on routine tasks.
By automating the payment process, businesses can dramatically simplify and reduce the time involved in paying their bills.
Download the full eBook to learn how you can increase efficiency and cost savings with AvidPay.
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