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Article: PurchasingNet, Inc. and Countrywide Financial Win Aberdeen's Accounts Payable Best Practice Award; 90% of Countrywide's Invoices Processed by PNet ePayables.
- Article from:
- Business Wire
- Article date:
- August 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RED BANK, N.J. -- PurchasingNet, Inc., a leading provider of eProcurement and ePayables solutions, today announced that it has been selected by Aberdeen Group, along with Countrywide Financial Corporation, as one of seven "Best Practice" case studies featured in its latest report on invoice reconciliation and payment research. The report features Accounts Payable success stories, key drivers influencing AP process transformation, and Aberdeen's recommendations for successful system deployment.
The Aberdeen report details actual benefits realized in four areas:
--Invoice processing cost reductions (30% - 60% reductions)
--Accounts Payable labor ...