How to Determine Your True Cost to Pay Suppliers

Do you know how much it costs your department to pay suppliers?

Determining the cost to pay suppliers can be tricky. 

• Many organizations oversimplify or merge variables affecting payment costs.
• Other organizations overlook hidden costs.
• Some organizations don’t track their costs to pay suppliers.

As the old saying goes, you can’t improve what you can’t measure. 

For AP leaders who want to migrate from paper checks to electronic payments, they need to understand their current costs to make a strong business case to justify the investment.

IOFM’s latest white paper will help AP leaders in determining their total cost to pay suppliers. 

The paper also reveals the hidden costs of supplier payments and shows how to reduce costs. 

If your organization wants to reduce its payment costs, download this white paper today.