Infographic Shows that When It Comes to IT, AP Gets Short Shrift

MCLEAN, Va. - May 15, 2013 - PRLog -- May 16, 2013, McLean, VA — Corcentric, a leading provider of Accounts Payable automation and e-invoicing (http://www.corcentric.com/ap-automation/e-invoicing-software.aspx), uses an infographic on its latest blog to actually show the reasons why companies turn to SaaS providers for AP and workflow automation.

The Corcentric blog is a knowledge center for accounts payable professionals to explore automation best practices along with the latest trends and news in financial process automation. This week, Corcentric lets the numbers speak for themselves in this infographic based on a 2012 Aberdeen report.

If a picture is worth a thousand words, then this infographic speaks volumes. Although one would assume the main reason for turning to automation…and specifically outsourcing that task…is cost. Yet it’s actually the lack of being able to get IT time for projects that propels the move to go to a SaaS provider.

On average, AP, AR, and procurement get just 15% of IT’s time vs. 85% for the other company departments. Despite these low investments, the difference that solutions such as EDI Software (http://www.corcentric.com/ar-automation/edi-invoicing-sof...) can make for a business is astounding. For this and other fascinating figures, check out this week’s blog.

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About Corcentric

For more than 15 years, Corcentric’s cloud-based financial process automation solutions have revolutionized how the world’s largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric’s ground-breaking Accounts Payable and Accounts Receivable automation solutions have enabled organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions.

Learn more at www.corcentric.com or call 888.525.7677.