What is Invoice Optimisation?

The automation of the AP process resulting in payments made accurately, when due and at the lowest cost.

Our research finds paper and the approval process are the top Shared Service Centre issues.  They are the major contributors to the €17.60 Billentis calculate to be the cost of processing an invoice.

Invoice optimisation addresses these issues by eliminating paper and the manual effort required BECAUSE they are paper. This enables straight through processing of invoices via automated workflows.

So What?

Of the 2.2 billion UK invoices, less than 10% are electronic with only 30% of companies using OCR.   That leaves some 1.3 billion invoices processed manually.

The average time to process a matched invoice is 17.4 minutes and best of class is 4.8.  A 400% improvement according to the Aberdeen Group. An average company with 50k invoices/yr could save £175k/yr by becoming best in class.

These savings are of such magnitude the EU Commission included invoicing on the Lisbon agenda as a way to improve EU productivity.
That's why!

What we do?

Because the savings from invoice automation are demonstrably available and transparent vendors may imply the route to optimisation is costly even though returns are high. 

It is true that returns are high but if you remain in control implementation need not be costly and with minimal up front investment.

btob Consulting provide independent invoice optimisation advice using the full spectrum of available tools and techniques. 

Our consultants will show you how to deliver best of class results with a minimum of investment.   FACT.

btob Consulting Services provide advice on the selection, use and legalities of electronic invoices, associated work-flow and archive systems.