ePayables SMARTSet™: ROI Calculator for AP Automation


REPORT AUTHOR: Vishal Patel, Research Director (10 sheet Excel Workbook)
This interactive research tool will help Accounts Payable (“AP”) leaders/teams calculate a Return on Investment (“ROI”) for an ePayables (AP Automation) solution. This ROI Calculator helps AP teams organize and aggregate their current costs, develop an investment budget, estimate potential gains or benefits from the ePayables solution, and calculate an expected return on the investment made in the solution(s). The returns are expressed as a variety of financial metrics including a Three-Year ROI, a Project IRR, a Net Present Value (NPV) , and an estimated Project Payback Period. This ROI Calculator also enables scenario analysis so teams can test optimistic and pessimistic outcomes and understand where the most leverage in their ePayables initiative exists so they can develop a plan that maximizes returns. This tool evaluates the potential investment over a three-year period, which is the industry-standard period of time to evaluate a technology investment.

The tool includes ten interactive worksheets to help AP leaders/teams present a comprehensive analysis of the potential investment opportunities. While the final output is very detailed, the calculator was designed to be highly intuitive and easy-to-use. Each worksheet contains detailed instructions to guide users through the entire process in an efficient manner. As an added value, this ROI Calculator contains embedded Ardent Partners’ Accounts Payable market research data and benchmark statistics to serve as a reference or proxy in making certain estimates and calculations.

Note: This ROI Calculator is the second document in Ardent Partners' ePayables SMARTSet

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