Many organizations looking to outsource their small and occasional purchases often lack a clear understanding of the potential savings. A savings calculator is therefore a valuable decision-making tool.
A savings calculator helps companies calculate how much they can save by optimizing their purchasing processes. The calculator takes various factors into consideration, such as the number of invoices, the processing time per invoice, and the cost per error. By entering this data, organizations gain insight into their potential savings:
- On average, an employee can spend 75% less time processing purchase invoices.
- With average annual savings of €35.000, companies can manage their procurement strategies more effectively.
- By using a calculator, organizations can reduce the error rate, which leads to lower additional costs.
How does such a savings calculator work? It asks for specific data, such as employee hourly rates, the number of invoices per month, and other relevant costs. Based on this input, the tool calculates the monthly and annual savings. This provides a clear overview of the benefits of outsourcing.
