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The benefits of dematerialisation
The implementation of a supplier invoice dematerialisation solution enables you to evolve towards real-time management control and significantly improve the reliability of accounting data.
In addition, it generates an IMMEDIATE SAVING by considerably reducing processing costs and human intervention time.
Although the IRISCapture for Invoices technology has been designed to process large volumes of invoices, the flexibility and features of our solution also make it ideal for use in smaller structures. Applied to the number of invoices handled each year by a given business, the cost of purchasing an IRISCapture for Invoices licence represents a tiny fraction of the cost of processing an invoice and generates savings in many areas.
Calculating the ROI (*)
Calculating the return on investment (ROI) depends on several factors linked to the proposed solution and the parameters of the company.
To calculate the ROI, the solution and the structure already in place must first be BENCHMARKED, and the most relevant indicators to evaluate the ROI need to be prepared.
Based on the results of different independent studies, the cost of an invoice can be broadly broken down as follows:
|
Activity
|
Average cost of manual solution
|
Cost of dematerialised solution
|
| Receipt |
$ 1,6
|
$ 1,4
|
| Inputting |
$ 1,6
|
$ 0,4
|
| Checking |
$ 6,2
|
$ 1,0
|
| Disputes |
$ 2,7
|
$ 1,0
|
| Settlement |
$ 2,7
|
$ 2,2
|
| Archiving |
$ 2,2
|
$ 0,3
|
| Total cost |
$ 17
|
$ 6,3
|
| Your savings: |
$ 10,7
|
(source BVA et EL2)
Of course, the breakdown of costs by activity may vary from one company to another. That is why I.R.I.S.’s specialists can visit you in person to carry out a complete, personalised study adapted to the exact circumstances of your company.
Generally, irrespective of the size of the company and the number of invoices, it takes less than a year to achieve an ROI.
ROI with the IRISCapture for Invoices solution
Deployment of the IRIS CAPTURE FOR INVOICES dematerialisation solution promptly delivers tangible, measurable benefits:
- Enhanced efficiency and productivity
- Considerable acceleration of invoice processing and checking
- Shortening of the processing cycle and procedures
- Optimisation of invoice management, unaffected by employee performance
- Elimination of errors resulting from manual inputting
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