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When considering an automated accounts payable (AP) solution, many firms find themselves asking, “How much will this solution save my business?” There are many benefits gained from implementing AP automation, including eliminating paper from processes, increasing invoice visibility from receipt to processing, reducing excess administrative costs, and enhancing AP end-user satisfaction. But equally important are the monetary and process driven savings– more specifically, those realised from implementing Basware AP Automation.
We commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study to calculate the potential return on investment (ROI) businesses could realise by implementing Basware AP Automation.
Based on the results they obtained, Forrester estimated that over a three-year period, organisations can realise 40% improvement to AP productivity gains and can reduce invoice cycle time by 4-3 days. Read the report for the full breakdown of the value of Basware AP Automation.