Invoice Automation + Payment Optimization = Substantial Savings
The Proven ROI from Invoice Automation
Studies show that it can cost anywhere from $4 to $19 to manually process an invoice. When best-in-class automation is used, that cost can drop to $2 or less.
If your organization has yet to automate its invoice processing, you’re missing out on substantial savings and efficiencies.
No matter what it’s costing your organization today, just a $1 savings for each invoice processed can have a significant impact.
As an example, for an organization processing 15,000 invoices per month, that’s a $180,000 savings per year!
Accelerated ROI with Payment Optimization
In addition to the proven ROI associated with invoice automation, you can accelerate your ROI through payment optimization. Optimization ensures you incur the lowest transaction costs across all payment methods (e.g. check, ACH, Wire, Virtual Cards) when paying your suppliers.
And in addition to savings from reduced transaction costs, there are enormous rebates provided for using virtual cards.
Depending upon your payment volumes and amounts, this could translate to savings in the millions per year!
What’s a Virtual Card?
A virtual credit card is a unique 16-digit computer generated number used to settle a specific vendor
payment transaction issued for a specific dollar amount. Designed as a more secure alternative to ACH and check payments, virtual cards are essentially “card-less” credit card payments.
In addition to enhanced security, virtual cards are a more efficient, quicker alternative to traditional payments.
To get a more detailed savings estimate, please contact us for a formal assessment.