Pay as you consume
Instead of making a large upfront payment, organisations can choose to move towards a transaction-based pricing model, which means that they only have to pay for the transactions that they process through the solution. This has obvious benefits to the business, especially in establishing the business case in the first instance. It's far easier to get budgetary approval and understand the ROI if you know exactly what you're going to be paying, and then compare that to your existing processing costs.
Moving with your business
But one of the biggest benefits of moving to transaction-based processing is in its scalability and flexibility. No organisation is static and it exists and reacts to the environment at the time –for example it may acquire a new business or it may go through a consolidation exercise or divestment. In each case, the number of transactions will change. In a traditional license model, that change could introduce complexity just at a time when the business needs reliability and simplicity. With a transaction model, the solution can flex and accommodate the change easily.
The normalising of automation
And then of course, while it's in our interest to make sure as many of your suppliers are onboard as possible, ultimately being able to achieve a good supplier onboarding ratio, provides organisations with the opportunity to maximise data capture. The visibility that brings increases the chances of being able to take any early settlement discounts that are on offer and take advantage of enhanced reporting functionality. As the business world moves on and looks for more autonomy, both in terms of control and flexibility, "automation on-demand" is likely to become the norm. Organisations that want to be at the forefront of processing excellence, need to be sure that they are taking advantage of the changes to automation solutions to stay ahead of the curve.
Director United Kingdom & Ireland