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One of the biggest questions organizations 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 organizational 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 realize 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, organizations can realize 315% ROI and $3.8M net present value by implementing Basware P2P. Here’s a brief breakdown:
Annual spend optimization of $2.7 million
Accounts payable (AP) productivity gains, $736,837
Procurement productivity gains, $679,361
End user productivity gains, $494,187
Early pay discounts, $260,060
Legacy system maintenance cost savings, $156,672
To learn more about the savings businesses can realize with Basware Procure-to-Pay solutions, download the full study.
See what your organization could save.