Invoice Processing and Payment Cost Calculator

One of the greatest pains for accounts payable is the processing, approving, and paying of supplier invoices. One metric many companies are measuring their effectiveness and efficiency around is the “cost per invoice.” Analysts such as Aberdeen Group and Paystream Advisors have discussed best-in-class cost-per-invoice metrics as $5 or lower. However the industry range for invoice processing is fairly broad – anywhere from $5 to $15-20 per invoice – with most companies at about $12.

This calculator helps you understand where your organization is in terms of its own productivity related to invoice processing and payment.

Invoice Processing Metrics

Time Spent per Invoice

Invoice Processing and Payment Costs without Tipalti

Here are the resulting costs related to invoice and payment processing your business is facing without Tipalti.

If you’re interested in streamlining invoice processingcontact us today to learn how we can help.

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Contact us today to see how Tipalti can automate your payables processes.