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Accounts Professionals Bill Paying Habits: Infographic
We recently surveyed 161 professionals involved in the AP process on their bill paying habits. Our research found that accounting and AP pros overwhelmingly use paper-check based payments at work, but they’re much more advanced in using electronic payments in their personal finances. In addition, the research found that organizations using antiquated methods of processing and paying invoices are facing security and cash flow challenges.
The infographic “Accounting Professionals Bill Paying Habits” illustrates the attitudes and preferences among those who completed the survey. Some of the other findings include:
- 81 percent of respondents said they use paper checks frequently or exclusively at work, while 55 percent of these professionals reported that they rarely or never use paper checks in their personal lives
- 17 percent of respondents store bank account numbers of their billers in insecure places like spreadsheets
Visit our Resources page online to view the Accounting Professionals Bill Paying Habits infographic. And learn the complete results of our study by checking out our Exploring the Invoice-to-Pay Process report online.
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