How much time can you save annually with AP Automation?
The overall approach to building a Business Case for an AP Automation solution is to consider the time and therefore cost savings that can be achieved at each stage in the process and to aggregate these to provide an overall total.
Research indicates that adopting Accounts Payable Automation in an AP department can reduce time spent on a manual AP process by as much as 85% (and in certain cases by over 90%), leaving staff with much more time to deal with other responsibilities.
Use the calculator to find out how much time you can save annually by adopting AP Automation.
Related articles
New CSO Figures Show Fraud Offences in Ireland Almost Doubled in Last 12 Months
Fraud offences almost doubled in the past year, according to the latest recorded crime figures for the 12 months to March 2022 released by the Central Statistics Office. The CSO says the increase of 88% was largely driven by unauthorised transactions...
How a motor manufacturer reaches 90% touch-free invoice processing
While Heritage Parts Centre continues to expand, now offering customers online channels to purchase parts and communicate with the company, its accounts payable process remained relatively unchanged, with the finance team manually processing the inco...
How Do You Measure the Success of Your Finance Team? KPI Trends in 2022
Without a doubt, accounts payable (AP) is one of the most critical functions in every modern enterprise. After all, each firm must pay its bills. Thus, improving your AP represents a core avenue for your business growth. Although change is rarely ea...
How a shared services company facilitates growth while reducing costs
The team at CVS Group were spending a lot of time transferring data manually from invoices into the ERP system. As the company continues to grow, CVS Group needed a standardised AP process that would increase invoice processing efficiency and improve...
Kefron AP & Netsuite – Non-PO Matching
As a “Built for NetSuite” partner, Kefron AP enables fast, automated processing of accounts payable invoices so only clean, validated data passes to NetSuite for payment processing. Watch this video to find out how Kefron AP simplify the Non-PO M...
Kefron AP & Netsuite – PO Matching
Maximise your NetSuite investment with our powerful Built for NetSuite certified API integration that enables fast, automated processing of accounts payable invoices so that only clean, validated data is passed to your NetSuite system for payment pro...
Supplier Statement Reconciliation – First Look
Kefron AP has introduced an add-on purpose built for Supplier Statement Reconciliation that automates the reconciliation of invoices received and invoices the supplier claims to have sent. Find out how by automating Supplier Statement Reconciliation ...
How a council reaches 66% touch-free invoice processing
Lambeth Council’s finance team was dealing with extremely labour-intensive invoice processing. Invoices were continually going missing and errors related to human touch-points kept arising, which caused a high volume of invoice queries. The dec...
How a school moves away from manual invoice processing
For a busy school like Mill Hill managing the accounts payable process manually can be a real challenge. So achieving a paperless accounts payable process for ease of processing, approval and record-keeping became a priority.
How a retail company eliminates mundane tasks from the AP process
Emma Bridgewater saw an opportunity to automate the scanning of invoices and the day-to-day tasks as they realised the AP processes employed by the AP team were largely outdated and many of the tasks were mundane.