Question: 3. Electronic Processing. a. Using the information that Charleston gathered on electronic payment processing, determine the potential staff reduction and calculate the potential annual cost

3. Electronic Processing. a. Using the information that Charleston gathered on electronic payment processing, determine the potential staff reduction and calculate the potential annual cost savings from electronic processing of 50% of the accounts payable checks. b. If AC-US outsources bank reconciliations and/or accounts payable, what would be the maximum combined savings of electronic payments and outsourcing over the next three years, including the one-time costs?(Be sure to include severance costs, using information from Table 6, in the one-time costs)

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