Current cost of the AP process
How many invoices do you process each month?
What is the average FTE salary of your AP team?
How many FTEs...
If an FTE spends 20% of their time on any of the tasks below, enter 0.2 Likewise if you have 1.5 FTEs performing the task enter 1.5
Receive and check invoices?
Route and request authorisation of invoices?
Code and file invoices?
Results
Current cost per invoice
Cost with Redmap AP Automation
Implementation cost
Yearly ROI
Hours saved each year
Payback period
Assumptions
We have assumed an exception rate of 20% in our calculations above. This estimate is between 10% and 80% higher than the average exception rates per the Institute of Finance & Management 2021 Benchmarking report - World Class AP Performance: Effectiveness Benchmarking Metrics.
Connector cost (annual)
Redmap cost (annual)
Labour cost (annual)
Cost difference (percentage above)
Cost difference (percentage below)
Cost difference (message)
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