Back Office Hidden Costs
Issuing a paper check to pay an invoice for a service provider is exponentially more costly than processing an electronic payment to the provider. Bank of America estimates that a business check can cost between $4 to $20 dollars, based on the price of the check and shipping, plus the time employees spend writing, mailing, collecting and reconciling the check. The Supply Management Handbook says, “it often costs organizations more than $100 in administrative expenses to generate a purchase order” and that “in many firms, the cost of managing and generating a purchase order can exceed $200 per transaction.”
How will ServiceSync™ Reduce Costs?
System4™’s work order management tool called ServiceSync™ can provide a facility with an average of $100 to $200 in cost savings associated to processing purchase orders.
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ServiceSync Advantages Include:
- Improves Service Delivery
- Enhances Operational Efficiency
- Workflow Visibility & Insights
- Reduce Costs
- Eliminate Repetitive Tasks
- Established Not-To-Exceed Cost Controls
- Robust Customized Reporting
Contact Us Today at 216-524-6100 to learn more or schedule an appointment for a free demo of ServiceSync.