2018 Expense Reports Reconciling 
Nanonets
APRIL 17, 2023
According to a 2018 report by Goldman Sachs , B2B businesses in North America spend $187 billion annually on AP processing - and this estimate captures only direct processing and labor costs; in fact, labor accounts for over 90% of direct costs incurred.
Nanonets
FEBRUARY 26, 2024
💡 According to a 2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs. Lost Productivity: The average invoice processing time in a manual environment can reach as high as 45 days.
Future Firm
SEPTEMBER 1, 2023
That, plus other great financial automation and accounting features too to help you track expenses. 12) Hubdoc Acquired by Xero in 2018, Hubdoc‘s claim to fame is its invoice fetching capabilities. 14) Expensify Have employees that need expense reports generated? They produce their reports online for approval.
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