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Benchmarking

Cost to Process a Vendor Payment

Average Cost to Process Payments - IOMA Benchmarking Survey

Cost to process a payment is a critical measurement tool. To be comparative, however, one must compare to company size, industry and automation level. Overall, over 65% of all companies have a cost of less than $10 to process a vendor payment. Conversely, over 25% have a cost in excess of $16 to process a payment.

 

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