e-Procurement Catalog Technology

Compare Automated e-Procurement

Experts Say the Opportunity is Large

The findings are consistent and conclusive. Leading consulting and research firms estimate that manual processes and human touch-points can add significant cost and time to processing internal orders. And that's before back-office error handling and resulting maverick spend are factored in.

These are crippling hidden costs in a business. Automating some or all of the "req-to-check" process not only saves hard dollars; it increases the time expensive go-to-market personnel can spend on customer-facing activities rather than administrative tasks.

Transaction

Cost

Manual Process

$59

Source: Accenture

Cycle Time

Days

Requisition-to-Receipt

11

Source: Aberdeen, 2007

Process

Time in Minutes

Cost

Generate a Requisition

10.8

$8.82

Obtain Approval

12.3

$6.77

Complete PO

7.7

$5.84

Receive Goods

3.3

$2.33

Invoice to Payment

83.7

$27.00