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One of the biggest questions organisations ask when considering an automated procure-to-pay (P2P) solution is “How much will this solution save my business?” Many already understand the value it can provide, including eliminating paper from processes, getting control over organisational spend, increased invoice visibility, and improved end-user and supplier satisfaction. But equally as important is the monetary savings and ROI the solution provides – more specifically, Basware’s P2P solutions.
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 our P2P solutions, including accounts payable automation, e-invoicing services, and e-procurement over the world's largest open business network.
Based on the results they obtained, Forrester estimated that over a three-year period, organisations can realise 315% ROI and €3.2M net present value by implementing Basware P2P. Here’s a brief breakdown:
Annual spend optimisation of €2.3 million
Accounts payable (AP) productivity gains, €615,476
Procurement productivity gains, €567,467
End user productivity gains, €418,985
Early pay discounts, €218,450
Legacy system maintenance cost savings, €132,052
To learn more about the savings businesses can realise with Basware Procure-to-Pay solutions, download the full study below.
For a quick visual on the TEI research and a total look at the high-hitting savings provided by Basware P2P as quantified by Forrester, take a look at this infographic.
See what your organisation could save.