Accounts Payable Savings Calculator

For an Accounts Payable department, manually entering invoice data into an accounting system or ERP platform involves a multi-step process. An employee must look up and attach the vendor ID number, match the invoice to a purchase order and locate the proof of receipt, before entering invoice data and line items manually. After a QA process, the paper invoice is filed for storage for seven years.

An imaging and capture system automates this process, eliminating a significant amount of manual labor, and therefore, enables an organization to process the same amount of invoices with 40% to 50% of the staff.

Datacap has created a fast and easy way to estimate the potential savings from implementing an automated invoice data entry system for accounts payable. This two-part calculator helps you to determine your current staffing costs, then helps you estimate the cost savings after installing an imaging and OCR system.