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In addition to the concern of handling such a huge volume of paper, there's the sheer cost of processing it. U.S. companies spend more than $180 billion a year processing paper-based invoices, reveals Gartner. When a company automates, the cost per invoice drops from 50 to 75 percent, and transaction time also drops dramatically.
"Electronic data is data that is digitalized to be made available in computer systems throughout the organization," says John Van Decker, Research VP at Gartner "Workfl…
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