Automating Invoicing Is Top AR Goal

IOFM’s survey polled 130 AR and credit pros from a wide range of industries to learn which AR/credit functions they automated in 2011, and which they planned to automate in 2012. Leading a list of 10 functions for both years: Electronic Invoice Presentment & Payment (EIPP). In 2011, 21.1 percent spent on this goal while 20.3 percent planned to do so in 2012 (see Figure 1). IOFM’s survey breaks down responses by company size (revenue and number of employees), size of AR department, and…