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InsightSoftware.com, Ltd.

Better Check Processing

Experience

Providing Better Experiences

Did you know...?

A company that processes 4,000 checks per month, on $10M in payables can...

...reduce the number of checks by 20% and improve their annual cash flow over $500,000!

Organizations pay an average of $60 to $75 per check processed. Therefore, optimizing the number of checks that you cut each month has a significant impact on your bottom line.

Insight enables the ability to proactively monitor the number of checks and invoices, per supplier per period. Using this real-time information in concert with additional analysis capability allows you to optimize the number of checks you process.

Check Processing

Monthly Processing :

Number of Invoices Processed per month:

AP Amount Processed per Month:

Number of Suppliers Paid per Month:

Number of Checks Cut per Month:

Monthly Averages :

Average Amount per Invoice:

Average Amount per Check:

Average Checks per Supplier:

*Average Loaded Cost Per Check:

*Industry benchmark including AP labor, materials, and processing.

Target Improvement :

Target % Reduction of Checks: %

Current Annualized Cost of Checks:

Target Annualized Cost of Checks:

Return on Investment :

Cost of Borrowing / Rate of Return: %

Annualized Improvement in Cash Flow:

Cost of Borrowing Savings per Year:

Optimizing the Process

With Insight’s simple interface and real-time capability you can:

Summarize transactional AP data into management summaries with full drill-down to combined invoice and payment detail.
Analyze payment vs. invoice date metrics to determine optimal payment cycles.
Age payments into meaningful date buckets for immediate visibility of payment patterns.
Easily match invoices and payments from within a single screen.
Make the real-time information available on-line so that all payment stakeholders (i.e. A/P clerks, buyers, etc.) can collaboratively manage the process.

Why not use our full ROI Calculator to see how much your could save?

ROI Calculator (request our full ROI calculator)

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InsightSoftware.com is a Partner in the JD Edwards Enterprise One, JD Edwards World and Oracle E-Business Suite applications-product focus areas.

Insight is a registered trademark of InsightSoftware.com, Ltd. Oracle and JD Edwards are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.