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The true cost of an invoice solution

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What if you could change the way your company handles invoices with one simple decision? Cloud automation is an easier way to process invoices that can have a big impact on your business.

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The true cost of an invoice solution

  1. 1. of respondents cite the need for expedited financial information delivery. — Aberdeen Financial Transformation Survey, 2013 62% are using mobile apps for specific business functions. — SMB Group, Top 10 SMB Technology Trends for 2014 55% The true cost of an INVOICE SOLUTION What if you could change the way your company handles invoices with one simple decision? You can! Cloud automation is an easier way to process invoices that can have a big impact on your business. Company A (manual) Company B (automated) Wastes time finding and tracking paper documents Has limited visibility into cash flow Misses out on early payment discounts and other opportunities to cut costs Accurate and up-to-date AP information Takes advantage of early payment discounts and avoids late fees Spends less time processing data and more time understanding it Lacks control over spending and disbursement Has no ability to incorporate mobile technology into invoice processing strategy Which increases efficiency Leads to better business results Able to deploy mobile apps to help improve employee productivity Keep track of cash flow from anywhere, any time Allowing for complete visibility into cash flow Has a well-defined, repeatable, standardized compliance process For spending and disbursement A centralized structure with standardized and automated processes is the foundation upon which the next level of efficiency and visibility within AP is typically realized. — Ardent Partners, The State of AP in the SMB Market, November 2013“ ” Misconception 1 My business is too small to experience the benefits of cloud automation. Misconception 2 Moving to the cloud is too expensive and time consuming. Misconception 4 Emails are the same thing as automation, right? Company comparison In Reality Cloud solutions are ideal for SMBs because they don’t require significant IT resources or infrastructure. In Reality Simplifying and streamlining invoice processing in the cloud won’t replace your finance team, but it will free them up to focus on more strategic activities. In Reality With Concur, you can be up and running within weeks. Plus, cloud automation can actually help your business save money. In Reality Even electronically sent invoices can still get lost, and that means wasted time digging through inboxes to locate them. Misconception 3 An automated system will take the jobs of my finance team. Common misconceptions about the cloud Many businesses are hesitant about cloud automation, but there’s no reason to be. Here are a few common misconceptions: Concur invoice management is the ideal automated solution Connected to every dime of spend by integrating all data with key systems like your ERP Transparent Complete visibility lets you see what you need to see so you can make decisions before the money is spent Effortless Manages your company’s spending on a universal, easy to learn system Learn more about automating the invoice management process in our concise eBook: The True Cost of an Invoice Solution. Searching for an invoice management solution that can simplify the approval process and move invoices along with clear rules, permissions, and escalations? Look no further. Here’s what makes Concur invoice management the ideal automated solution: Download eBook of SMBs have already deployed mobile apps to help improve employee productivity. — SMB Group, Top 10 SMB Technology Trends for 2014 83%

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