Our experience has shown that payable departments spend the majority of their efforts in the following areas:


The above chart shows the breakdown of the costs of a typical invoice. The average total cost of an invoice is around $10.00. Of the effort that makes up that cost, iPayables reduces Matching and Approval Routing workload by 70%. Vendor inquiries and Dispute Resolution workload is reduced by 80%. Data Preparation, Paper Handling and Data Entry are eliminated completely.

Depending on the distribution of these efforts, per invoice work effort can be reduced 70-100%.

To view how iPayables would affect workload in your payables department, use our Efficiency Calculator.