Collaboration is key to success for finance and procurement teams – you hear it all the time, but how can you quantify this benefit of purchase-to-pay automation?
To put numbers behind that statement, Basware commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realise by deploying Basware’s end-to-end purchase-to-pay cloud solution.
The study found that organisations facing challenges from disjointed procurement and finance teams and disparate systems can streamline processes through Basware’s purchase-to-pay solution and reap the following benefits:
- Return on investment of 307%
- Cost benefits of €4.6 million
- Payback for the solution of 12 months
According to the Forrester study, “Often, both sides [procurement and finance] struggle with inefficient, manual processes and a lack of visibility that leads to challenges in closing the books on time, in planning and forecasting, in managing budget and cash flow, and in controlling the organisation's spending. These organisations might benefit by investing in an integrated P2P solution.”
Download the full study to learn more about the benefits of Basware’s cloud-based purchase-to-pay solution.