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AP Automation ROI Calculator
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Interested in switching to automated accounts payable but not sure how to effectively demonstrate the ROI of AP automation to your key stakeholders? Look no further! This free and easy-to-use AP automation ROI calculator can help demonstrate the financial returns your business can see from switching to an automation solution.
ROI Results
Current Cost of Manual Accounts Payable Includes labor and hard costs
Includes labor and hard costs
$000,000
Future Cost of Accounts Payable with Automation Includes subscription costs, hard costs, labor costs still remaining after automation, and estimated rebates
Includes subscription costs, hard costs, labor costs still remaining after automation, and estimated rebates
$000,000
Annual Monetary Savings Accounting staff time saved by automating accounts payable
Accounting staff time saved by automating accounts payable
$000,000
Time to Breakeven (months) Time to breakeven on investment when automating accounts payable
Time to breakeven on investment when automating accounts payable
00
How did we get these numbers?
Get a free detailed report of how your ROI was calculated with an automated AP solution.
MineralTree combines a series of formulas from the information provided above to accurately calculate the ROI automated accounts payable can have for your organization. Enter your information below for a detailed report explaining how your ROI was calculated.
Connect to 100s of ERPs with minimal integration effort
MineralTree has the broadest ERP coverage across mid-market and enterprise. TotalAP supports direct, real-time integration with the world’s leading ERPs, and the ability to integrate with hundreds of others.
Accounts payable ROI FAQs
What is AP automation ROI?
The ROI of AP automation can vary depending on the size and complexity of your business and the specific features and capabilities of the AP automation solution you choose.
How do you measure the ROI of AP automation?
To measure the ROI of AP automation, your business needs to:
- Look at the number of annual invoices
- Look at the number of annual payments
- Look at the percentage of payments currently made electronically
- Know the annual accounts payable spend
To understand how your business can improve its ROI by switching to AP automation, use the ROI calculator above.
How does AP automation save companies money?
AP automation can help companies save money in various ways by reducing labor costs, minimizing errors, improving cash flow, and more.
What is the indirect and direct ROI of AP automation?
The indirect ROI of AP automation is the benefits that come from a more strategic approach. For example, vendors may offer early-pay discounts as your payment cycle improves with an AP automation solution.
The direct ROI are the benefits that can be quantified utilizing a cost model. For example, a direct ROI of AP automation is minimizing the time spent on manual processes, which frees up valuable time and reduces processing times.
More from our amazing clients
In total, MineralTree is saving us about 20 hours a week. We’ve been able to use this time to focus on making other processes better and more effective.
SilverPay allows us to contribute something to the company’s bottom line, which is not always an option in accounting
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