Cost advantages of e-Payments

The graph below was created using Google’s graphing tools.

This horizontal bar graph shows the advantages (drivers) of using e-Payments, e.g. in the accounts payable process.   The two top advantages result in cost reductions.

The data in the graph is based on a survey conducted by PayStream of several companies.  The percentages show what respondents indicated are the most important advantages.

Data in the graph is from a 2011 US Bank presentation entitled “Payables Trends and Best Practices”, which can be accessed by clicking here (PDF file).