We commissioned APN to undertake research on our behalf, with the aim of exploring the key areas of supplier interaction and AP processes, and uncovering trends and current practices.
The results were interesting. For example, 43% of organisations would reconcile all their supplier accounts if they had unlimited time, while 16% would just focus on their top 100 suppliers, indicating that statement reconciliation has significant business value. However, only 12% of respondents reconcile all their accounts each month, while 13% are not able to reconcile any over that timescale.
For more detail on these and other findings, download the report in full here: Statement-Matching Audit Survey 2015