I wonder how much I could save using an automated Accounts Payable system?
Our
handy interactive invoice calculator shows you just how much money you could be
saving
by automating your Accounts Payable. Spoiler … it’s a lot.
I wonder how much I could save using an automated Accounts Payable system?
Our
handy interactive invoice calculator shows you just how much money you could be
saving
by automating your Accounts Payable. Spoiler … it’s a lot.
Drag the pointer to match your monthly invoice count.
Use our calculated manual invoice cost or enter your own.
Marvel at the cost savings and get in touch to get started.
Value is averagely based on the number of 1,000 invoices quoted.
The Invoice Calculator shows you the cost savings of Accounts Payable Automation. Every business in Singapore is different with how they manually process invoices so this interactive calculator lets you edit what your current invoice processing costs are.
The calculator utilises a range of information that has been comprehensively analysed. However, please keep in mind that the resulting values should only be considered as estimates. While many factors can affect cost savings, it serves as an excellent starting point. When you're ready, feel free to get in touch with us for a more detailed evaluation.
This came from studying our customers invoice costs before they automated with us. Some were higher and some were slightly less, $8 is a good place to start as referenced from IMDA's research. (https://www.imda.gov.sg/-/media/imda/files/programme/nationwide-e-invoicing-framework/invoicenow-briefing-for-government-vendors---mar-2023.pdf)
Ensure that you have detailed data readily available. Firstly, consider the costs of your staff, which include not only AP specialists but also Accounting Managers and Financial Controllers, as they often dedicate a portion of their time to general accounts payable tasks. Next you'll need to figure out the cost of time wasted on chasing approvals and tracking down invoices (the good news is this cost is completely removed with our Esker!) You'll also need current software costs. The best way would be to work this out for a 30-day period, then divide that total cost by the amount of invoices processed in the same time period.
Automation! Our Accounts Payable Automation solution using Esker is our method of choice, it's beautifully complex with a simple UI. This finance and invoicing solution can help businesses achieve ROI of up to 80%.
It's a life saver. It minimises and, in some cases, eliminates human interaction with invoices, all while processing them error-free and super quick. We use Esker to do this, providing OCR scanning and AI technology that adapts to new and changing invoices, giving you handy alerts for the important bits like bank accounts changing and PO's not matching.
Now that you've seen how much you could save with our invoice automation savings calculator, we're sure you'll want to get going! Click here to chat with our specialists today. They'll go through the finer details of your situation and tailor the solution to you and your business.