Basware Purchase-to-Pay can help you address your key business challenges

P2P Benefit Calculator

1 Questions

2 Result

See how you can benefit from implementing full Purchase-to-Pay success. Even the smallest of steps can have a dramatic impact on your bottom line. Basware has developed a unique Purchase-to-Pay model to help companies like yours benchmark their level of Purchase-to-Pay adoption against top industry performers.

Just answer these five simple questions and we can give you an idea where you are in terms of Purchase-to-Pay adoption and help you get started with your road to full Purchase-to-Pay success.

What is your annual revenue?		$ / year

What is your line of business?

How many invoices does your organization receive per year?		Invoices / year

What is your FTE in AP?	FTE refers to full time employees.	Full-time employees

Approximately what percentage of your total spend is under management by procurement?	Spend Under Management is defined as spend that is currently under the formal control or management of the procurement organization. Control can include aspects such as the use of structured negotiations (RFX, auctions), contract management practices, use of preferred suppliers, supplier development programs, spend analysis, and supplier performance analysis throughout the period of supply.	%

Result: The Emerging Company The Aligned Company The Networked Company The Agile Company

You’re at step on your way to P2P success.

You could be described as an Emerging Company, and may have taken the bold first step by adopting e-invoicing, launching a chain reaction in process efficiency. If it hasn’t already, paper invoicing will soon disappear, followed by a rapid increase in spend visibility.

You could be described as an Aligned Company, which pushes its efficiency and control to new levels by, for example, bringing its procurement and accounts payable silos into sync with e-Procurment.

You could be described as a Networked Company that probably employs a fully integrated sourcing model with full compliance, which increases spend under management with comprehensive travel and expenses management.

You could be described as an Agile Company, which represents the peak of operational efficiency. With near perfect e-invoicing automation levels and full integration across key finance stakeholders, procurement performance is driven by KPIs and corporate strategy.

This is how you compare to the Best in Class:

Invoices per FTE:

Staggler Leader

Average time to process an invoice:

Staggler Leader

Cost of invoice transaction process:

Staggler Leader

Average cost of PO:

Staggler Leader

Average requisition-to-order process time:

Staggler Leader

Spend under management:

Staggler Leader

Companies on the first step of the P2P model have started their P2P process, but with full P2P adaption there are still many benefits to be enjoyed.

Companies on the second step of the P2P model have improved their P2P process, but with the full P2P adaptation there are still many benefits to be enjoyed.

Companies on the third step of the P2P model have made great strides in their P2P process, but with the full P2P adaptation there are still many benefits to be enjoyed.

Companies at the final step of the P2P model have reaped world-class performance with full control of cash, cost, and capital. There may be room for slight improvements, but you still outperform most companies.

Learn more about the characteristics of the next step ›

Are you ready to take your P2P performance to the next level?

These results give you an overview of your current level of P2P performance and an idea of what your next steps could be. For a more customized analysis and tailored advice on how to increase your efficiency, please get in touch.

John Webster
Vice President, Product Marketing

Characteristics of step 1 companies

Characteristics of step 2 companies

Characteristics of step 3 companies

Characteristics of step 4 companies

	Average
Current invoices per FTE
Average share of e-invoices on current P2P level
Average days to process an invoice
Average x-way matching rate on current level
Average exception rate on current level
Average % payments on-time on current level
Average spend on LOB
Estimated spend based on industry average
Average Spend Under Management on current P2P level
Average % of contract compliance on current level
Average % of Maverick Spend on current level
Average Procurement cost as a % of revenue on current level
Average % of spend in catalogs on current level
Average requisition-to-order Cycle Time (days) on current level

Next step: The Aligned Company The Networked Company The Agile Company

Description

You could be described as an Aligned Company, which pushes its efficiency and control to new levels by, for example, bringing its procurement and accounts payable silos into sync with e-Procurment.

Characteristics

Operates as a shared service with standardized & automated processes
Focuses on efficiency metrics and expanding the automation levels
Collaboration begins between Accounts Payable and Procurement
Resources shift from tactical to strategic
Spend under management becomes key priority
Supplier connectivity gains momentum

Cash management strategies supported by Accounts Payable and Procurement
Accounts Payable is an SLA-based shared service
Comprehensive risk protection programs implemented
Automation of travel and expense management
Strategic sourcing supports business objectives
Supply is rationalized, connected, and engaged
Greater control with robust forecasting capabilities

Seamless, holistic, efficient processes with world-class P2P operations
ROI-based cash management strategies led by Accounts Payable
Accounts Payable and Procurement drive risk management
’No PO, no pay’ is enshrined
Integrated travel and expenses management
Procurement focused on added value in the supply chain
Holistic view of supplier connectivity
Full visibility of cash position for accurate planning
Savings and increased working capital drive a positive bottom line

Learn more about the characteristics of the Aligned Company.

Learn more about the characteristics of the Networked Company.

Are you ready to start your journey to P2P success?

Improve visibility, control - and confidence

Read Basware's Cash Flow Manifesto, our comprehensive guide to the benefits of a streamlined Purchase-to-Pay process, and enter a new era of balancing cash, cost, and capital.

Download the Cash Flow Manifesto