Cost Reduction You Are @ Home/ Solution/ Cost Reduction Reduce Overall Order Processing Costs AMR Research recently estimated the cost per procurement transaction for non-production supplies and services ranges from $75 to $175. In a similar study for the Consumer Packaged Goods (CPG) industry, the cost of processing non-electronic business documents, such as purchase orders, was estimated to be $28 per document. InfoAccess.net has the capability to enable you to significantly reduce your overall order processing costs. Reduce Invoice Errors & Reconciliation Costs When InfoAccess.net processes your company’s purchase orders, we can significantly reduce invoice errors by checking and validating the information on the invoice before you receive it. Our invoice matching and data validation service also reduces reconciliation time and can eliminate many manual and paper-based processes. Significantly Reduce Unauthorized Invoice Deductions The ECR Best Practices Study states that unauthorized invoice deductions average 2.7% of sales for CPG manufacturers. With InfoAccess.net’s ability to invoice with accuracy between trading partners, we can significantly reduce this problem for any manufacturer. Reduce Accounts Payable Overhead InfoAccess.net can automatically match and validate your invoices with their corresponding orders and or receipt documents. The information is then electronically sent to you in a format that will integrate automatically into your existing ERP systems. This can significantly reduce invoice reconciliation time and accounts payable overhead costs. Eliminate Non-Compliance Costs As an "incentive" to conduct business electronically in a specified method, many large companies charge their trading partners non-compliance fees on order and invoice documents that do not comply with the company’s desired electronic format. Major distributors can charge as much as $150 per non-compliant document. Once trading partners are setup with InfoAccess.net's OMS, non-compliance charges are eliminated. Depending on volume, companies can save thousands of dollars every month. Realize Immediate Payback Without large up-front costs for software licenses and implementation resources, InfoAccess.net's OMS can reduce order processing costs and begin providing immediate payback.