Forrester report on Total Economic Impact of Basware's Purchase to Pay solution

Every automation project hinges on an investment proposal. Does the investment support the business strategy? What is the ROI? And what are the additional risks? In a recent report from Forrester Consulting, the economic benefits of Basware's Procure-to-Pay (P2P) solution are highlighted. This report shows how companies can make significant savings and improve efficiency by using Basware.

Key takeaways from the Forrester report:

• ROI
  Basware's P2P solution offers companies an impressive ROI of 315% over three years, and a net present value of €3.2 million. This shows how effective this solution can be in generating financial benefits.

• Cost Savings
  By implementing Basware's technology, companies can achieve significant cost savings. Annual spending optimization, productivity improvements in Accounts Payable (AP) and Procurement, improved end-user productivity, early payment discounts, and savings on maintenance of legacy systems all contribute to the overall economic impact.
  
  

Benefits of Basware as a P2P solution

Full process automation eliminates old-fashioned processes and provides improved control over organizational spending. Improved visibility provides better visibility into invoices and increased end-user and vendor satisfaction.

In addition, the solution's scalability and flexibility benefits businesses of all sizes and industries, helping to scale the organization. 

Deeper understanding of economic benefits

The Basware P2P solution enables companies not only to realize immediate cost savings, but also to reap strategic benefits. By eliminating inefficiencies and improving workflow, companies can focus on their core business.

In other words: Basware helps companies focus on core tasks that actually make an impact, rather than wasting their time on time-consuming chores.

The resulting gains in Accounts Payable and Procurement lead to faster processing of invoices and payments, which creates better relationships with suppliers and a stronger negotiating position.

Conclusion

Basware's P2P solution offers businesses not only significant financial benefits, but also improvements in efficiency and user satisfaction. With increasing pressure to cut costs and optimize processes, implementing a solid P2P solution such as Basware's has become an absolute must for businesses today.

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Experience the benefits of Basware for yourself

ICreative has already won several awards as a Basware partner, including the Basware Business Excellence Award, the Customer Success Award and the Partner of the Year Award.