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Forrester Study: The Total Economic Impact™ (TEI) of Basware AP Automation

#Accounts Payable #Digital Transformation #Market Trends

In a landscape characterized by intricate regulatory frameworks and the necessity for sustainable growth, it is imperative that Accounts Payable (AP) executives operating across multiple countries elevate their AP strategies to align with core priorities such as optimizing working capital, improving efficiency, and managing talent on a global scale.

To gain deeper insights into the transformative impact of these strategies, download this insightful Forrester study, ‘The Total Economic Impact™ of Basware AP Automation’ commissioned by Basware. Featuring direct perspectives from Basware customers, CFOs, and senior Finance executives experienced in AP automation, this study provides readers with a framework to evaluate the potential financial impact of AP automation on their organizations.

The financial analysis, based on customer interviews and surveys, found that a composite organization experienced benefits of $1.83M over three years versus costs of $710k, adding up to a net present value (NPV) of $1.12M and an ROI of 158%.

tei-report-stats-for-download-page

Here’s a brief breakdown of some of the benefits:

  • Increased AP clerk productivity by 50%, translating to a value of over $830k.
  • Enhanced business user productivity, totaling $200k.
  • Working capital optimization through early payment discounts, amounting to over $600k.
  • Standardized compliance gains for increased operational efficiency.
  • Successfully facilitated shared service centers, enhancing organizational
    efficiency.

Curious about the economic impact on your organization? Download the study to take the next step towards a more efficient, cost-effective, and compliant AP process.


Want to hear more?

Join our webinar 'The AP Automation ROI Blueprint' on March 6 where guest speaker Forrester will explore the findings of ‘The Total Economic Impact of Basware AP Automation’ (TEI) study and the financial gains and business value Basware customers see.

Register now -> 

Forrester Study: The Total Economic Impact™ (TEI) of Basware AP Automation