Determine the potential financial impact of Versapay Cash Application on your organization.
The Total Economic Impact™ Of Versapay Cash Application
Versapay Cash Application Boosted Efficiency 69%
Commissioned from Forrester Consulting
May 23rd, 2024
Versapay Cash Application streamlines processes, reduces costs, and improves efficiency using AI-powered matching technology. Get Versapay's Total Economic Impact™ study (May 2024) to:
→ Get a framework for evaluating the impact of Cash Application
→ Learn the benefits and costs of investing in Versapay
→ See the potential financial ROI of Versapay on your enterprise
"We are seeing the time drop from about 3 to 4 hours daily pre-Versapay, to about 1/2 an hour post-Versapay. We are saving time on processing credit card payments and on cash application" — Financial Planning Accountant
Take a peek inside the study:
Streamlined cash application led to benefits of $527,300 over 3 years, and an ROI of 138%
Net savings present value over 3-years, with a less than 6 months investment payback period
20% improvement in DSO led to reduced interest payments worth $200,400 over 3 years
Framework and methodology
How was this ROI calculated?
Forrester interviewed four of Versapay's customers and aggregated their experiences into a single composite organization. During their interviews, Forrester explored:
- Cash posting efficiencies
- Interest cost savings
- Reductions in unpaid invoices
- Payment depositing efficiencies
- Software and implementation costs
- And more!