Learn how we estimated your potential cost-savings

Your cost savings is based on industry research reports and surveys conducted among procurement executives. Here is the summary of the cost savings opportunities through automation.

• Cost savings through efficiency gains

As per the reports, on average, it takes $89.73 to process a purchase order manually, whereas it cost only $30.72 when done through a procurement software. Similarly, it costs $8.78 for an organization to process an invoice without automation, whereas it costs only $1.77 for a team that processes invoices through an automated system.

• Hard savings through managed spend

Procurement teams that actively manage their spending can deliver a savings rate of 5% from their overall procurement spend, directly contributing to their company’s bottom line.

Potential cost-savings uncovered for you

Here is a detailed breakdown of the cost savings you can achieve by embracing procurement automation.