Optimize the Order Management Cycle with an Intelligent Supplier NetworkToday’s retailers are already struggling to stay afloat in the tough economy while meeting growing shopper demands – in such a scenario, a lack of collaboration with suppliers adds another level of challenges. With insufficient process collaboration, retailers as well as suppliers have to deal with funds/profits recovery, invoice mismatches, fund mismanagement, manual errors, delays, and a load of other non-value added activities. These activities eat away a great deal of time and resources. According to a study by The Byline Research Group, 96% of invoice processing involves keying data from paper; it takes an average of 12 days to process a single invoice; and 25% of invoices are paid late — adding additional pressure in the supply chain.