Cost saving when using the Self Service Supplier Portal

Time Savings and Cost Reduction: Fewer Supplier Calls

For EasyInvoiceManager’s customers with 30 to 100 suppliers, the portal's ability to reduce supplier calls about invoice issues can lead to significant time and cost savings. On average, responding to a single supplier inquiry can take AP workers 10-15 minutes. 

If each supplier contacts the accounts payable team just once a month, this could result in 8-30 hours of lost company productivity. By enabling suppliers to check invoice statuses in real time, this feature could save up to 360 hours annually for a company with 100 suppliers, assuming each supplier places at least one call per month. 

Considering the average hourly wage of an accounts payable employee, these time savings translate into potentially thousands of dollars in reduced labor costs, allowing businesses to operate more efficiently.