Accounts Payable By The Numbers Infographic

A staggering amount of money is spent on Account Payable (AP) processing because of payment inefficiencies. In fact, 80% of SMB still pay their AP with paper checks. Let’s take a closer look at the amounts spent and how you can make payment processing paperless!

Tags : Accounts Payable AP Processing B2B Payments

The author Philipp Postrehovsky

VoPay CMO: Philipp is a product visionary, brand builder and an award-winning marketer who has been involved in the Vancouver tech scene for over 15 years. In 2013 he co-founded RentMoola, which continues to be one of North America's leading fintech companies with the mission to eliminate the rent cheque and modernize rent collection for the enterprise. Before that, he was a brand leader for Mogo Technologies and Wonga Canada and began his career at Electronic Arts. Most recently, he led the marketing team at Progressa which was No. 11 on the 2019 Growth 500 ranking of Canada's Fastest-Growing Companies. He is the founder of Grind For Kids, a program that raised over $1 million for BC Children’s Hospital Foundation and sits on the Board of one of BC’s top independent schools.