This is because even in the current fast-paced business environment, various companies continue using manual data entry when an invoice is involved. However, the change towards AI invoice automation ROI is gaining momentum since the financial disparity is too large to overlook. We assist businesses in Snohbricks Technology to eliminate their manual processes that are slow and full of errors to deploy intelligent automation, which produces tangible returns in months as opposed to years.
AI vs Manual Invoice Processing: Where the Real Cost Hides
The majority of finance departments are well aware that hand entry is a pain, but not everyone knows that it is costly as well. The average cost of manual invoice entry is now between 12 and 30 dollars per invoice, taking into consideration labor costs, corrections, maintenance of late payments, and discounts lost, according to the current industry standards.
However, AI vs manual invoice processing reverses the equation. Current AI systems can read invoices in seconds, detect data with 99%+ accuracy, and send it down the chain on the approach to approval without human intervention. The result? The processing expenses range between 2 and 5 dollars per invoice and sometimes even lower with volume.
Benefits of AI in Accounts Payable That Go Beyond Cost
The benefits are not only in terms of reduced expenditure. The first things that most companies are attracted to are the benefits of AI in accounts payable:
● Reduced mistakes and payment redundancy.
● Earlier approvals and better early-payment discounts (usually 2-3%).
● Real-time visibility of liabilities.
● Less risk of fraud due to the detection of patterns.
● Financial departments that are strategy-oriented rather than typing.
All these additions can result in savings from invoice automation that multiply quarter after quarter. Calculating Your Own AP Automation ROI Would you like to know your business numbers? The ROI calculator of our free invoice automation lasts less than two minutes. All you need to do is enter your monthly invoice volume, average invoice value, and current processing time. You’ll instantly see:
● Hard-dollar savings per year
● Time reclaimed for your team
● Time to payback (most clients break even after 6-9 months)
Real Results from Companies Like Yours
One of the mid-sized logistics companies with 8,000 invoices per month changed to the AI platform of Snohbricks last year. They made the following progress in four months:
● An 83% decrease in processing time.
● Annual savings from invoice automation of $184,000.
● Hundred percent of the early-payment discounts they missed.
That’s the real-world power of AP automation ROI—not just theory.
Why Now Is the Best Time to Make the Switch
Interest rates can be increased and decreased, and the price of doing nothing continues to increase. Each week you wait is one more week of paying more than you should pay to have the staff typing, in pursuit of mistakes, and losing discounts. The good news? Starting does not get any simpler than this. Snohbricks provides you with a ledger demonstration illustrating how, with your real invoices, you can get results in less than two weeks.
Ready to See Your Personalized ROI?
Register for a 15-minute free discovery session with our AP automation specialists. We will take a sample of your invoices, put the
numbers into our invoice automation ROI calculator, and demonstrate to you just how much you would save.
Book Your Free AP Automation Review Today → We feel that at Snohbricks Technology, finance departments should have time to develop a strategy, not data entry. Switch to AI-powered accounts payable and begin to reclaim the AI invoice automation ROI your business has been lacking.