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

Number of Invoices per Month* Estimated Cost of FTE*

Time Spent per Invoice

Minutes to Re-Key Invoice Minutes to Review and Route Approvals Minutes to Communicate Status and Issues Minutes to Remit and Reconcile

Invoice Processing and Payment Costs without Tipalti

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

Current Spend per Month

Total Cost per Year w/o Tipalti

Average Cost per Invoice w/o Tipalti

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

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