01/05/2018

How print management is simplifying accounts payable

print management solutions can also help to boost efficiency in accounts payable departments.

print management solutions can also help to boost efficiency in accounts payable departments.

Many people consider cost savings on consumables and better resource management to be the primary benefits of print management.

Although this is usually the case, organisations may not realise that print management solutions can also help to boost efficiency in accounts payable departments.

According to research & analysis group Gartner, the cost of processing an invoice in the UK averages between £4 and £25 – and in some cases up to £50, per individual invoice.

If an organisation has several individual invoices for printing, on top of other activities, it can quickly become a money-zapping burden.

Mismanagement within Accounts Payable costs companies a lot of money; missing or partial payments can lead to late fees, increased interest charges, or even losing a supplier. If payments are frequently forgotten, organisations could end up with a serious problem on their hands.

This is where print management comes in.  Rather than having to deal with one invoice per activity i.e. consumables (ink, toner & paper), machine parts and engineer bills, organisations can enjoy the simplicity of only having to process a single, transparent invoice.

If you’re interesting in finding out more, please check out our new guide: The Hidden Benefits of Managed Print Services

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