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Making a Business Case for Using PayClix A/P
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Average Number of Checks You Write to Suppliers Each Month:
Average Cost of Preparing a Manual Check:
(2016 Research Study)
$
$6.00 per checkissuing.com/blog
Includes: labor (usually the largest expense), check & envelope supplies, printing, lockbox fees, postage, bank charges, check reconciliation, dealing with lost checks, supplier questions etc.
Total Current AP Department Monthly Operating Cost
$
Potential Savings
Calculated Monthly Cost of PayClix AP Service
$
Estimated
Net
Savings per Month
- assume at least a
saving
$
(savings includes time and materials and 3rd party charges)
Initial PayClix AP software license and installation fees (estimated)
$
Includes our proprietary EZpay Billing Manager module *
Annual License Renewal Fee 25% (Waived 1st year)
$
Projected Net Savings per Month
$
1st Year cost amortized over 12 months
Estimated Annual Savings:
$
First Year Return on Investment:
Calculated
* PayClix AP can be customized to import payment data from your existing accounting software at an additional cost.
Additional Savings Opportunities
Fewer Missed Discounts
Integration with virtually any Accounts Payable software
Increased Supplier Service and Satisfaction
Payment
Delays Reduced or Eliminated
Better Cash Management
Savings on Postage and Bank Charges
Option for Next Day Funding Available
Improved Reporting and Reconciliation
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