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What’s the ROI of AP automation for medical facilities?

Inside our report: the formula and framework to build your business case for automating accounts payable.

By submitting your information, you acknowledge that your data will be handled in accordance with Stampli's Terms of Service and Privacy Policy, and you authorize Stampli to send you updates about Stampli products, services, and events.

ROI of AP Automation - cover image
Stacked AP risks

More than cost savings: AP automation reduces risk.

The risks of inefficient accounts payable processes couldn’t be higher for medical facilities, here's why:

 

Manual AP processes are error-prone, which makes it challenging to maintain accurate records and ensure compliance.

Complex multi-entity corporate structures can lead to errors in expense allocation, approval bottlenecks, and overall inefficiency.

Field managers become inundated with paperwork, struggle to access necessary invoice details, or lack the tools to conveniently approve payments while on the go.

Business expansion creates even more challenges, presenting the AP team with additional rules, regulations, and processes for each new entity.

You feel locked in to your current solution, as many finance teams are spooked by the perceived costs and risks to reconfiguring their ERP and existing workflows.

 

AP automation can reduce these risks (without disruption to the ERP!). This report equips you with the necessary framework and formulas to build a compelling business case.

Understanding processing costs

See the costs of manual invoice processing

2%

The invoice error rate for companies using manual invoice processing

17%

Percent of invoice payments are more than 30 days late

$47,162

The yearly salary & benefits for an accounts payable clerk

Question 1/2
What percentage of businesses are still processing invoices manually?

25-34% 

Incorrect.

In our 2021 survey, AP Today: Bottlenecks, Benchmarks, and Best Practices, over 40% of businesses reported that they still process invoices manually.

35-44%

Correct!

In our 2021 survey, AP Today: Bottlenecks, Benchmarks, and Best Practices, over 40% of businesses reported that they still process invoices manually.

45-54% 

Incorrect.

In our 2021 survey, AP Today: Bottlenecks, Benchmarks, and Best Practices, over 40% of businesses reported that they still process invoices manually.

55%-64% 

Incorrect.

In our 2021 survey, AP Today: Bottlenecks, Benchmarks, and Best Practices, over 40% of businesses reported that they still process invoices manually.

Question 2/2
Do you feel locked in to your current solution?

Yes, I'm spooked by the costs and risks to reconfiguring my ERP and processes 

You came to the right place. AP automation can reduce these risks without disruption to the ERP!

Download this report as it equips you with the necessary framework and formulas to build a compelling business case.

No, I understand that modern AP automation reduces risks without disrupting my ERP or processes

Great, you're ready for the next steps!

This report equips you with the necessary framework and formulas to build a compelling business case.

WHITEPAPER REPORT

ROI of AP Automation: Medical Facilities

Free up more time for patient care by automating accounts payable. Learn about the benefits and cost savings of implementing an AP automation solution and how quickly you can see your ROI in this report.

By submitting your information, you acknowledge that your data will be handled in accordance with Stampli's Terms of Service and Privacy Policy, and you authorize Stampli to send you updates about Stampli products, services, and events.

ROI of AP Automation - cover image