How much could an automated expense, travel and invoice process save you in both time and money? That’s what we wanted to find out when we commissioned a study with global analyst company, AMI-Partners. Specifically, what are the benefits for small and medium-sized companies with under 1,000 employees? Our research revealed that those with an automated T&E process are saving an average of nearly £22,000 annually while invoice solution users are saving nearly £25,000 annually.
And that’s just the cost savings – those responsible for processing expenses and invoices are saving over 15% of their time. That’s time that could be better spent on more value-added tasks like negotiating with suppliers and looking for areas to save the business even more money. The best part is the added visibility the business gets as a result, letting finance teams proactively manage their cash flow and adopt a more strategic outlook on the numbers.
Download the full data to see how much a company your size stands to gain when embracing automation.