Estimate the time and cost saved on payment reconciliation
Enter the hours you spend matching payments. The figures use your numbers, and the link keeps them.
Loading the estimator.
How it works
- Hours saved each month are your manual matching hours multiplied by the share you expect to automate.
- Cost saved is those hours times the loaded hourly cost you enter. A year is that month times 12.
- Time left for exception review is the manual time that share does not cover. Hours per transaction is your manual hours divided by your transactions.
Assumptions
- The automation share starts at 80%. It is an assumption, and you can edit it.
- Payees and channels describe the work. They do not change the numbers.
- Leave the hourly cost blank to see hours only. Pick the currency from the list.
- This is an estimate based on your inputs. It is not a guarantee.
“a recon tool that matches payments to invoices, took a reconciliation job from two weeks to one day”