Aberdeen Benchmark Report Shows Payables Automation Can Deliver 91% Cost Savings

FAIRFAX, VA – April 11, 2007 – Razorsight Corporation, a market leading provider of on-demand financial business intelligence and spend analytics software, today announced its participation in The E-Payables Benchmark Report: Advancing Accounts Payable Automation from the Aberdeen Group. The research findings reveal that automation can reduce invoice-processing costs by up to 91 percent.

According to the report, despite clear and compelling cost benefits from automating processes, paper invoices persist in usage 80% of the time. The research effort, which documented the insights of nearly 320 enterprises, shows that companies who automate their A/P processes cite up to 91% lower invoice-processing costs. The study also shows that A/P staff personnel are entrenched at the transaction level and spend more than one-third of their time responding to invoice inquiries.

The findings reveal that Best in Class enterprises are 600% more likely to employ a holistic approach to A/P automation and have distinct performance advantages, such as:

• 46% shorter process cycle time
• 12% fewer late payments
• 30% less time responding to inquiries

Aberdeen recommends that enterprises looking to achieve these Best in Class benefits should establish a linkage between A/P goals and objectives and the broader goals of the finance and procurement groups, as well as work to develop disbursement strategies that optimize working capital.

"In terms of process efficiency, the average Accounts Payable department now lags behind your local DMV," says Andrew Bartolini, Research Director of Aberdeen's Global Supply Management research group. "Lack of A/P automation clearly erodes your bottom-line and translates into lost opportunities across other parts of the enterprise, including treasury and procurement."

"Razorsight continues to transform the corporate payables team into a strategic and performance driven function that creates measurable ROI for our customers and impressive spend analytics for senior finance execs," according to Razorsight CEO Charlie Thomas. "The Aberdeen E-Payables Benchmark Report validates Razorsight’s strong endorsement of financial automation and the high value this approach delivers."

To download a complimentary copy of the report, click here.

About Aberdeen Group, a Harte-Hanks Company

Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen^TM for insights that drive decisions.

As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or visit them online here.

About Razorsight

Razorsight (www.razorsight.com) is the market leader in on-demand business intelligence for finance executives, providing rich spend analytics and automated invoice processing. Razorsight's Software-as-a-Service (SaaS) provides a new level of visibility into corporate expenditures through advanced technology which automates the manual process of receiving, validating and auditing invoices in any format. Razorsight captures detailed data from invoices, contracts and other sources of information to provide business intelligence that significantly reduces operating costs and enhances Sarbanes-Oxley compliance. Razorsight's web-based software is easy to install, requires no capital investment, is highly scalable and proven to save money. Razorsight's solution is installed at numerous Fortune 500 companies. Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India.

CONTACTS:

Kim Larkin
Larkin Communications for Razorsight
Office: (703) 250-3590, x3406
Mobile: (202) 391-5205
klarkin@larkincomm.com
www.larkincomm.com

Holly McKee
Larkin Communications for Razorsight
Office: (703) 250-3590, x3591
Mobile: (202) 386-3960
hmckee@larkincomm.com
www.larkincomm.com