average cost to process an invoice
However, for the average organization, the cost to process an invoice is about $7.00. While the cost of invoice processing varies from company to company, there is one undeniable truth: Paper invoices and manual processing impedes on the efficiency of your accounts payable operations.n a 2012 study by the Aberdeen Group, 130 enterprises were profiled to help differentiate the best-in-class AP processes from their competitors. According to the Aberdeen Group, there are 4 primary outcomes that AP automation should provide:
Even within retailers, those that measure costs by spend type find that the processing costs for indirect spend is much higher than with direct spend. One company found that although its average cost was below $2.00 per invoice, its processing cost range was between $1.25 and $25.00 per invoice.Indirect spend is often non-PO based and the in-voices are more complicated. 2009 Financial Operations Networks LLC 10 Cost to process an invoiceâShared Services vs. Centralized Accounts Payable Eighty-five percent of participants in the study have a centralized AP operation or a shared services center.