The Total Economic Impact™ of Basware’s Integrated Purchase-to-Pay (P2P) Software Solution (September 2015)
This commissioned study conducted by Forrester Consulting on behalf of Basware examines the potential return on investment (ROI) organisations may realise by deploying an integrated P2P solution. The study concluded that Basware generated a risk-adjusted return on investment (ROI) of 277% with a payback time of 15 months and €3.2 million in net present value (NPV) for companies using its P2P solutions over a three-year term.
Among the key benefits highlighted in the study, which analyses how P2P solutions benefit current Basware customers, are the following:
- Accounts payable productivity gains of approximately €560,000: with the introduction of the Basware P2P solution, the composite organisation was able to increase the proportion of e-invoices from initially 30% to 80% in the third year.
“Our invoice handling process has been streamlined. Invoices can now be matched automatically to a purchase order or a contract and we have uniform working practices. Our AP personnel has become more productive and over the years their number has decreased. We actually think that the role of the AP professional has changed a lot, because before, they had to do basic invoice data handling. But nowadays, it’s more like expert services such as analyzing the data and handling deviations in the process.”
- Development Manager at a large property management company
Download the study to find out more.