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Basware Customers: 277% return on investment and 15-month payback time

Basware commissioned study that examined the potential return on investment (ROI) organizations may realize by deploying an integrated P2P solution. The study was conducted by Forrester Consulting, is titled “The Total Economic Impact of Basware’s Integrated Purchase-to-Pay (P2P) Software Solution” and reveals that:

  • Basware customers generated a risk-adjusted return on investment (ROI) of 277 per cent with a payback time of 15 months and €3.2 million in net present value (NPV) when using its P2P solutions over a three-year term.
  • organisations that have close ties between procurement and accounts payables (AP) functions gain significant savings and more optimized spend management
  • the set-up in procurement and AP functions should be detailed in order to ensure that automation is effective. This will result in increased compliance throughout both functions.
  • Accounts payable productivity gains of approximately €560,000: with the introduction of the Basware P2P solution, a composite organization is able to increase the proportion of e-invoices from initially 30 per cent up to 80 per cent in the third year.
  • Incremental early pay discounts of about €850,000: prior to the introduction of the Basware P2P solution, the company achieved 30 per cent of the available early pay discounts; this percentage increased to 80 per cent in the third year.

Esa Tihilä, CEO, Basware Corporation:
“It’s clear that the benefits of not only implementing Basware solutions, but also bringing together accounts payable and procurement, can be far reaching, and have a major impact on the profitability of an organization. Organizations need to consider a mixture of better processes and making sure the right technology is in place. That way, those benefits that are clearly very valuable can reach multiple departments throughout the business. With Basware Purchase-to-Pay and e-invoicing solutions organizations are able to automate processes, gain visibility, and realize significant cost savings.”

More information:

Read the commissioned study conducted by Forrester Consulting, The Total Economic Impact™ of Basware’s Integrated Purchase-to-Pay (P2P) Software Solution (September 2015).

To find out more about the study and the return on investment achieved by the companies analyzed, please join the Basware webinar on the 15th October 2015.

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