eSettlement Solutions Can Save Millions: Xign Study Reveals Savings Opportunities and Rapid ROI
Xign Corporation, whose ePayables solution forms the backbone of the Pantellos eSettlement Network, recently announced the results of a two-year study on the benefits of an electronic payables solution. Xign teams gathered information from representatives in accounts payable, purchasing, information technology and treasury organizations at 20 different Fortune 100 companies.
The study’s key findings include:
- Electronic settlement solutions can save companies millions of dollars annually in operational costs. Total operational savings can be as high as $1 million the first year.
- Use of an e-settlement solution substantially increases the capture of early payment discounts. Companies in the Xign study found that annual savings from early payment discounts ranged from $60,000 to $6.5 million.
- Cost savings quickly justify the investment in an e-settlement solution. The study found that an average Fortune 100 company can expect a minimum return of $4.5 million over three years.
An e-settlement solution is a “low-risk, high-return business opportunity,” said Tom Glassanos, Xign president and CEO. “Over three years, companies can earn 5 to 10 times their investment and, more importantly, earn back the first-year investment in 10 to 12 months.”
For more information about the savings you can achieve with the Pantellos eSettlement Network, please contact Connor Neely at Pantellos.
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