Digital Procurement ROI Calculator
Estimate the business value you could achieve with Kissflow Procurement Cloud
Procurement Automation Savings Report
Yaay! We've uncovered the cost-savings potential for your business
Estimated Cost Savings
$0
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Learn how we estimated your potential cost-savings
Your cost savings is based on industry research reports and surveys conducted among procurement executives. Here is the summary of the cost savings opportunities through automation.
- Cost savings through efficiency gains
- Hard savings through managed spend
As per the reports, on average, it takes $89.73 to process a purchase order manually, whereas it cost only $30.72 when done through a procurement software. Similarly, it costs $8.78 for an organization to process an invoice without automation, whereas it costs only $1.77 for a team that processes invoices through an automated system.
Procurement teams that actively manage their spending can deliver a savings rate of 5% from their overall procurement spend, directly contributing to their company’s bottom line.
Potential cost-savings uncovered for you
Here is a detailed breakdown of the cost savings you can achieve by embracing procurement automation.
Breakdown | Metrics | Manual | Automation | Cost Savings |
---|---|---|---|---|
Overall Company Spend | $ | 0% | 5% | $0 |
Number of POs processed | $0 | $0 | $0 | |
Number of Invoices processed | $0 | $0 | $0 | |
Estimated Cost Savings | $0 |