Grocers already operate on unforgiving margins: a fraction of a percent is the difference between a profitable quarter and a loss, which means an invoice with 10-15 wrong line item…
Grocers already operate on unforgiving margins: a fraction of a percent is the difference between a profitable quarter and a loss, which means an invoice with 10-15 wrong line items or a DSD vendor quietly creeping prices isn’t an admin nuisance, it’s a margin problem. With 75% of grocery accounts flagging at least one invoice for risk this year, the cost of catching it late adds up fast across every location.
In this session, Ottimate CMO Mike Waldron walks through the findings of the first-ever Grocery AP Automation Benchmark Report, built from over a million real invoices processed across our grocery customer base, not survey estimates. Attendees will learn how automation catches overcharges and price discrepancies before they hit the books, what fraud exposure looks like across grocery operations today, and how leading operators are cutting invoice lifecycle time while reducing the manual GL coding that eats into AP labor.
What you’ll learn:
– Why the typical grocer is overcharged $37,600 per location per year, and why those overcharges rarely show up as an obvious billing error
– How item-level validation catches discrepancies that a header-level review misses, at scale across thousands of invoices per quarter
– How to cut invoice lifecycle time from three days down to under one
– How automated GL coding, accurate on the first pass nearly 95% of the time, gives back 182 hours a month in AP labor
