In order to how much Accounts Departments are saving by automating invoice processing the best is to first take a look at some numbers. The average cost to process a single invoice manually in the UK can be up to £15 but by implementing an invoice processing automation software this cost can drop to around £5 or less – saving approximately £10 per invoice. For a company processing 500 invoices per month, this translates to an annual saving of around £60,000. This shows why the decision to automate invoice processing and invoice approval processes is a no brainer.
With thousands of Sage and SAP users using PaperLess on a daily basis and when every day several more make the decision to Go PaperLess, this is the right time for also you join thousands of other accounts teams on their invoice processing automation journey.
Invoice Processing Automation Powered by PaperLess Software
Seamless Integrations with Sage 50, Sage 200, Sage Intacct and SAP B1
Click here to get your free demo to learn how to implement PaperLess. Start automating invoice capture, invoice processing, invoice approval and invoice archiving processes. With automation Sage and SAP users can reduce the hard labour cost of invoice processing by up to 78%, leading to immediate cost savings and a quick return on investment.
- Cost Reduction: The average cost to process a single invoice manually in the UK can be up to £15. With automation, this cost can drop to around £5 or less. This means a saving of approximately £10 per invoice.
- Annual Savings: For a company processing 500 invoices per month, this translates to an annual saving of around £60,000.
- Efficiency Gains: Automation can reduce the hard labour cost of invoice processing by up to 78%. Experiment immediate cost savings and a quick return on investment.
What savings are Sage and SAP users experiencing with PaperLess Invoice Processing?
We are excited to share with you the incredible savings achieved through PaperLess automated invoice processing solution for Sage 50 Accounts, Sage 50cloud, Sage 200 Professional, Sage 200 Standard, Sage Intacct and SAP Business One. In today’s competitive business landscape, efficiency and cost-effectiveness are paramount, and our automated invoice processing system has proven to be a game-changer for businesses of all sizes.
By automating the invoice processing workflow, businesses can significantly reduce manual errors, streamline operations and save valuable time and resources. PaperLess invoice processing eliminates the need for manual data entry, allowing for faster invoice processing times and improved accuracy in invoice handling.
The savings achieved through automated invoice processing are not just limited to time and resources. By reducing the risk of human error, businesses can avoid costly mistakes that may result in financial discrepancies or compliance issues. Additionally, the streamlined invoice approval workflow enables businesses to take advantage of early payment discounts and avoid late payment penalties, further maximising cost savings.
- Click here to visit Sage Martketplace for Sage 50 and Sage 200 Invoice Processing Solutions
- Click here to visit Sage Martketplace for Sage Intacct Invoice Processing Solutions
Automating the invoice approval process can bring substantial savings and benefits to businesses:
- Cost Savings: Automation can reduce the cost of invoice approval by up to 70%. This includes savings from reduced manual labour, fewer errors and less paper usage.
- Time Efficiency: Automated systems can process invoices much faster, reducing the approval cycle time by up to 80%. This means invoices are approved and paid more quickly, improving cash flow management.
- Improved Accuracy: Automation minimizes human errors, ensuring that invoices are accurate and complete before payment. This reduces the risk of overpayments or paying for goods/services not received.
- Enhanced Compliance: Automated workflows ensure that all invoices go through a standardized approval process, improving compliance with internal policies and regulatory requirements.
- Better Supplier Relationships: Timely and accurate payments foster better relationships with suppliers, potentially leading to better terms and discounts.
- Operational Efficiency: Employees can focus on higher-value tasks instead of manual invoice processing, leading to overall improved productivity.
But the benefits of automated invoice processing extend beyond just financial savings. By freeing up valuable time previously spent on manual tasks, employees can focus on more strategic and value-added activities, driving overall productivity and innovation within the organisation.
Would you like more details on how to implement PaperLess in your business?
Click here to contact us to learn more about how automated invoice processing can revolutionise your business and unlock significant savings. Together, let’s pave the way for a more efficient and cost-effective future.
