Invoice Savings Calculator

In short, it will show you the cost savings of Accounts Payable Automation. Every business in New Zealand is different with how they manually process invoices so we’ve made the calculator editable in regards to how much your invoices currently cost to process.

It’s gone through rigorous testing and checks. That alongside our years of experience automating invoice procedures. However, it is to be taken with a pinch of salt. There are so many things that can affect your cost savings, it is a great guide to start with though. When you’re ready, get in touch for a more detailed ROI.

This came from studying our customers invoice costs before they automated with us. Some were higher and some were slightly less, but we feel that $6 is a good place to start. Another manual/paper invoice cost we found is $25.67 (eInvoicing.govt.nz) 

You’ll need detailed data at the ready. Firstly your staff costs, and not just AP specialists, Accounting managers along with Financial Controllers will often spend a certain amount of time on general AP. 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 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.

The average manual invoice cost we have seen from our customers has averaged between $6 and $12. The common number we came across online is $15 per invoice. This was based across a variety of industries and included some paper based invoice costs too.

Automation! Our Accounts Payable Automation solution using Esker is our method of choice, it’s beautifully complex with a simple UI. Check out our case studies on how some of New Zealand’s biggest brands have been transformed by FUJIFILM Process Automation.

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 matched.

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! Chat with our expert, local team today. They’ll go through the finer details of your situation and tailor the solution to you and your business.