How much are you (actually) paying in accounts payable?

Calculate your invoice processing costs with our simulator and discover how much you could be gaining by choosing Libeo as your invoice management partner.

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Discover how much you could save with Libeo

Move the cursor and indicate the monthly volume of supplier invoices you process every month

How are invoice processing costs broken down?

An analysis on UK businesses conducted by Gartner estimate the cost of manually processing an invoice between £4-25 and 10 days to complete. In addition to staff costs, there are other auxiliary expenses that can add up over time:

  • People - costs such as data entry and administration time needed to track down errors and follow up on approvals.

  • Collection & Account entry - Paper, document trays, scan and printer toner used to open and digitise invoices.

  • Software, IT infrastructure and other support costs relating to AP.

  • Storage – Binders, storage units, archives, and audit compliance needed to securely store invoices for auditing and reporting.

  • Lost discounts & late fees - incurred while waiting for an invoice to be processed manually.

According to Levvel Research, an AP automation solution like Libeo helps teams save £13 on average for each invoice processed.

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THEY TALK ABOUT US

"Compared to before Libeo, we have divided by 3 the time spent on supplier invoices for collection, payment and analysis. It allows me to focus on the business - future implementations, team management, cash flow."

Capucine Frerejean - Co-founder of Cali Sisters Restaurants

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