Calculate Your Procurement Savings

Do you currently have a procurement solution? Yes No

How many purchase orders do you process per month?

POs Per Month

What is the average approval time per purchase request?

Hours

What percentage of your total purchasing is currently managed through a system or formal process?

Percentage

Do you record receiving goods? Yes No

How many invoices does your team process each month?

Invoices Per Month

How much time is spent manually entering each invoice?

Minutes Per Invoice

What is the hourly cost of staff managing invoices?

Dollars Per Hour

What is your typical invoice error rate? (industry average is ~10%)

Percentage

What is your annual procurement spend?

Dollars

Total Potential Savings ($/year)
Combined annual financial impact

*Assumes a first-year cost of $10,000, including implementation and subscription

Total Time Saved (hrs/month)
Monthly time saved across AP + procurement

Total Cost Savings ($/month)
Monthly financial impact

Payback Period (months)

Time saved on approvals (hrs)
Hours saved with automated approval routing

= Full-time employees worth of capacity

Maverick spend reduction ($)
Savings from reducing uncontrolled spend

Improvement in contract compliance
Percentage improvement based on tool adoption

Lower invoice processing costs ($)
Savings from automation reducing manual processing

Fewer payment errors ($)
Savings from fewer incorrect payments

Faster month-end closing (hrs)
Time saved from automated AP reconciliation

WANT A DETAILED REPORT? DOWNLOAD OUR PROCUREMENT SAVINGS REPORT