Accounts Payable & Accounts Receivable ROI Calculator

Accounts Payable & Accounts Receivable ROI Calculator

Find out how much you can save by improving your processes with our free calculator.
How many supplier/vendor bills do you receive monthly? (Question 1 of 10)

Up to 50Between 20 and 100More than 100I don't even know - we receive so many it's hard to keep track

How do you pay them? (Question 2 of 10)

We do monthly payment runs and pay invoices via transfer or card at the end of the monthEach invoice is paid individually via bank transfer or card however there's no scheduleSome are paid individually, others are aggregated into one payment to the same supplierI use payment automation/accounts payable tool

How do you reconcile paid bills? (Question 3 of 10)

We do it at the month's end - manually matching transactions from banks/card statements to invoicesWe do it on the go by manually matching transactions from banks/cards to billsWe use bank statements through open banking to match debits from bank statements with open bills in the accounting toolWe use accounts payable automation tool - it automatically reconciles them for us

How many invoices do you need to issue for clients each month? (Question 4 of 10)

Less than 50Between 50-100More than 100I don't know

How many overdue client invoices do you need to chase each month? (Question 5 of 10)

All are paid on timeJust a fewAbout a half of themA vast majority is not paid on time

How do you track which invoices have been paid and which haven’t? (Question 6 of 10)

We don't track it at allWe have a spreadsheetWe check the accounting toolWe have an accounts receivables tool that sends us reminders for overdue or late payments

How do you reconcile paid client invoices? (Question 7 of 10)

We do it at the month's end - manually matching PSP payouts and transactions to invoicesWe do it on the go by manually matching transactions from banks/cards to invoicesWe use bank statements through open banking to match credits from bank statements with open invoices in the accounting toolWe use accounts receivable automation tool - it automatically reconciles them for us

Do you use an accounting tool? (Question 8 of 10)

No, it's spreadsheetsWe're outsourcing our accountingYes, but it's not cloud accountingYes, it's cloud accounting

Do you use an accounts payable and/or accounts receivables tool? (Question 9 of 10)

We have neitherWe have accounts receivables tool but not accounts payableWe have accounts payable but not receivablesWe have both

How much money do you spend on handling payables and receivables (Question 10 of 10)

More than €100,000 per yearBetween€100,00 and €50,00 per yearLess than €50,000 per yearI don't know

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50 - 85: Heavily Manual Processes

Your company still relies on manual processes when it comes to accounts payable and receivable. What it means in practice:
- Lost time: Your company is wasting time on manual data entry, payments, and reconciliation all of could be automated.
- Risk of errors: Relying on manual processes increases the chances of mistakes, financial discrepancies and causes issues with audits further down the line.
- Revenue loss: The lack of automation may result in missed or overlooked payments which impacts your bottom line.
- Inhibited growth: The inefficiency in managing these processes can stunt your business growth.
Consider introducing automation tools that can handle repetitive tasks - that way you can save even 40% of the money you spend on handling of payables and receivables!

We can help you achieve these results within the next 30 days! Book a free demo now!
90 - 125: Partial Automation

Your business has started to automate some parts of accounts payable and receivable, but manual processes are still key to financial operations. What it means in practice:
- Moderate Efficiency: While some tasks have been streamlined, a vast majority of processes is still done manually.
- Waste of resources: The time and mental energy wasted on manual tasks could be better used in areas that contribute to business growth.
- Potential Revenue Loss: Overdue or late invoices can be causing dents in the bottom line.
- Inefficiencies leading to increased costs: Manual processing increases operational costs.
Consider expanding automation to cover more aspects of your accounts payable and receivable - that way you can save even 30% of the money you spend on handling of payables and receivables!

We can help you achieve these results within the next 30 days! Book a free demo now!
130-160: Well-Integrated Automation with Room for Improvement

While your automation efforts have significantly improved the efficiency of your accounts payable and receivable, there's still room to grow:
- Strong Automation Foundation: Your processes are largely automated with less manual work and errors.
- Opportunities for Improvement: Consider implementing advanced features like bulk payments, automated follow-ups on overdue invoices.
- Strategic Growth: Your business is well-positioned for growth, but continued investment in automation will help to improve efficiency, save costs and that way, and accelerate this trajectory.
Continually refining your automation processes will you save even 20% of your usual spending on the payables and receivables.

We can help you achieve these results within the next 30 days! Book a free demo now!
165-200: Highly Automated and Optimized Processes

Your accounts payable and receivable processes are highly automated, placing your business in an excellent position for further growth:
- Maximised Efficiency: With most processes automated, your operations are highly efficient.
- Improved Financial Management: Overdue invoices are promptly followed up, and multi-currency reconciliation is handled smoothly.
- Continuous Improvement: Even with a strong automation foundation, exploring additional steps like predictive analytics or AI-driven decision-making can push your efficiency to the next level.
Your business is well-equipped to handle current operations and future growth, but ongoing investment in cutting-edge automation technologies can still help you save even 10% of your usual spending on payables and receivables.

We can help you achieve these results within the next 30 days! Book a free demo now!

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Accounts Payable & Accounts Receivable ROI Calculator

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