Accounts Payable & Accounts Receivable ROI Calculator

Our AP/AR ROI Calculator helps you estimate potential savings based on industry benchmarks and your current processes, particularly focusing on accounts payable automation. Here’s how to use it:

Input Your Metrics: Enter basic information about your current AP/AR operations, such as invoice volume and processing times.

Review Results: The calculator will generate estimates of potential improvements in areas like cost savings and processing efficiency.

Analyse Opportunities: Use the results to identify areas where automation could have the most significant impact on your operations.

Remember, the calculator provides estimates. Actual results may vary based on your specific circumstances and implementation approach.

Efficient accounts payable and accounts receivable processes are crucial for maintaining healthy cash flow and reducing operational costs. Manual AP/AR tasks can be time-consuming and error-prone, leading to:

Delayed payments

Missed early payment discounts

Strained supplier relationships

Cash flow unpredictability

Increased processing costs

Higher risk of fraud and errors

By automating and optimising these processes, businesses can overcome these challenges and unlock significant benefits.

AP/AR automation involves using technology to streamline financial workflows. This can include:

Invoice Processing: Automatically capture, code, and route invoices for approval.

Payment Execution: Schedule and execute payments electronically. Implement AP automation services can significantly reduce costs and manual intervention.

Cash Application: Match incoming payments with open invoices automatically. AP automation software can integrate with existing systems to enhance efficiency.

Reconciliation: Automate the matching of financial records across systems.

Reporting and Analytics: Generate real-time insights into financial performance.

These automated processes can dramatically reduce manual work, speed up cycles, and improve accuracy.

While results vary by organisation, common benefits include:

Reduced processing costs

Faster invoice-to-payment cycles

Fewer errors and exceptions

Improved cash flow forecasting

Better supplier and customer relationships

Enhanced financial visibility and control

Increased capture of early payment discounts

Stronger fraud prevention measures

Reduced invoice cycle times

Shorter invoice processing time

Improving AP/AR efficiency isn’t just about cost savings. It can have far-reaching effects on your business:

Strategic Resource Allocation: Free up staff time for higher-value activities. Manual AP workflows can significantly increase costs and processing times, especially when dealing with non-PO invoices and exceptions.

Improved Decision-Making: Gain real-time visibility into financial data. Automating accounts payable processes can alleviate issues such as high costs, human errors, and the risks of fraud, enhancing overall efficiency.

Enhanced Compliance: Better tracking and documentation for audits.

Scalability: Handle growth without proportionally increasing AP/AR staff.

Competitive Advantage: Faster, more accurate financial operations can improve overall business performance.

Once you’ve used the calculator, consider these next steps:

Analyse Your Results: Identify the areas with the most potential for improvement.

Assess Your Current Processes: Look for bottlenecks and inefficiencies in your workflows. Consider how automated systems can help you capture, validate, and approve invoices swiftly and efficiently.

Research Solutions: Book a demo to see how Fyorin's comprehensive AP/AR automation platform can address your specific business needs.

Build a Business Case: Use the calculator results to support investment in process improvements.

Plan for Implementation: Consider the steps needed to successfully adopt new AP/AR processes.