For a manager overseeing AP tasks manually, let’s quantify the cost savings for the Corporate Plan by breaking down the time spent on common oversight tasks that our automation can reduce:
Status Checks and Task Coordination: In a manual system, daily check-ins and follow-ups with multiple AP workers and approvers might take approximately 30 minutes daily. Over a year (assuming 250 workdays), that adds up to:
- 125 hours saved annually
- Savings: 125 hours × $45/hr = $5,625
Resolving Approval Bottlenecks: Without automation, managers often spend time resolving delayed approvals or missed steps. Assuming an average of 15 minutes per day:
- 62.5 hours saved annually
- Savings: 62.5 hours × $45/hr = $2,812.50
Reporting and Oversight: Generating and compiling reports without a centralized system might take 30 minutes weekly:
- 25 hours saved annually
- Savings: 25 hours × $45/hr = $1,125
Total Annual Savings: $5,625 + $2,812.50 + $1,125 = $9,562.50
By automating these tasks, the Corporate Plan can save managers around $9,500 annually in labor costs, allowing them to focus on strategic initiatives instead of repetitive administrative work.
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