What is the cost to your business of having too many suppliers on your purchase ledger?
From ordering too often, to receiving & inputting too many purchase invoices, authorising all those invoices, reconciling too many supplier accounts and then paying all of the different suppliers.
Research from the The Hackett Group and Gartner put the average cost of processing an invoice in the UK from between £4 and £25 with certain complex or error prone processes costing up to £50 per invoice.
So, what’s your cost to process a purchase invoice? The real cost, all in.
Watch this <2 minute video to see how The Procurement Group can work with you to reduce your supplier count by up to 50%