Maximizing Financial Efficiency: The ROI of Procure-to-Pay Software
In the realm of business operations, the adoption of procure-to-pay software is becoming increasingly prevalent.
Procure-to-pay software can offer significant financial benefits to businesses by automating and optimizing the procurement process. When considering such an investment, it’s crucial to understand and calculate the ROI, considering both the immediate and long-term financial impacts.
But assessing and tracking the right KPIs and understanding the total cost of ownership can be difficult if your company does not have direct experience with the benefits of software. This is why we have written our guide on the KPIs you should consider and how others have experienced those benefits.
Key Takeaways:
- How to evaluate hard benefits of P2P software.
- How to evaluate soft benefits of P2P software.
- How to use a business impact measure to assess soft benefits.
- Benchmarks based on survey data.
- Using what others have experienced as benchmarks.
Close Books Faster with Touchless AP
Traditional AP processes are riddled with manual data entry, delays, and compliance risks. Airbase by Paylocity’s AI-powered AP Automation handles everything — from invoice capture and GL coding to vendor payments and reconciliation — giving finance teams control, accuracy, and time back to focus on strategic work.
Related
What is Employer Branding? Strategies and Best Practices
