CAUSEWAY
Your Potential Labour Cost Savings
In this time of falling margins and uncertainty across the construction industry its worth recognising the positive impact that biometric time and attendance can have on commercial performance. Our recent research found that contractors using biometrics reduced labour costs by 20% on average.
The below calculation provides an indication of what your business could save with biometrics.
If you are seeking advice on implementing a biometric solution or would like to arrange a demonstration of the Causeway Donseed solution, please contact marketing@causeway.com today.
How much quicker can you be paid by switching to digital POD/GRNs?
Calculate the financial & time savings with digital PO, invoice and POD/GRN processes
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Your Information
Part 1
Financial Cost Savings
Amount of annual invoiced revenue to buyer(s)
Amount of Annual Invoiced Revenue to Buyer(s)
- £50,000
- £1,000,000
- £2,000,000
Reduction in debtor days
Reduction in debtor days
- 10 Day
- 26 Days
- 42 Days
Percentage of weighted average cost of capital/borrowing
Percentage of average cost of capital/borrowing
- 6%
- 10%
- 15%
Part 2
Credit Control Cost Savings
Intangible savings part 1 (time saved per week from reducing workload processes)
Intangible savings part 1 (time saved from reducing workload processes)
- 1 hour
- 8 hours
- 15 hours
Total average cost of Credit Control/Accounts Payable per Year
Total average cost of accounts payable per year
- £20,000
- £30,000
- £40,000
Part 3
Accounts Payable/Admin Cost Savings
Intangible savings part 2 (time taken in minutes per non-digital GRN)
Intangible savings part 2 (time taken in minutes per non-digital GRN)
- 1 minute
- 15 minutes
- 30 minutes
Number of POD/GRNs sent per year
Number of POD/GRNs sent per year
- 50
- 750
- 1500
Calculation Result
Calculation Result
Part 1
Financial Cost Savings -
Part 1
Financial Cost Savings -
Part 2
Credit Control Cost Savings -
Part 2
Credit Control Cost Savings -
Part 3
Accounts Payable/Admin Cost Savings -
Part 3
Accounts Payable/Admin Cost Savings -
Save your results
If you would like a copy of your potential savings, fill in the form below and we will send them via email.
Causeway eGRN has been designed to simplify the process for acknowledging proof of delivery (POD) or goods received notes (GRNs) on site, eliminating lost, unreadable or damaged delivery tickets which make up roughly a quarter of payment delay issues.
Working in conjunction with Causeway Tradex, this provides a fully automated 3-way match of POs, GRNs and invoices which benefits both buyers and suppliers by lowering transactional costs, improving the visibility of invoice payment process, removing paper, and enabling suppliers to get paid quicker from straight-through-processing.
The below calculation offers a personalised breakdown of the financial savings that your business could make with Causeway eGRN across three core areas: 1. Tangible financial savings (WACC) 2. Intangible savings from Credit Control 3. Soft savings from Accounts Payable/Admin.
Total Cost Savings - £
1Financial Cost Savings
- Tangible Early Payment Cash Amount
- Weighted Average Cost of Capital / Borrowing
Total
2Credit Control Cost Savings
- Intangible Cost Saving
Total
3Accounts Payable/Admin Cost Savings
- Intangible Cost Savings per GRN
- Annual Cost Savings
Total
In addition to the potential cost savings outlined above, other business outcomes of Causeway eGRN include:
- • Improved operational efficiency with e-receipts from a mobile device.
- • Accurate and timely project costings as deliveries arrive on site.
- • Better planning through real-time tracking of deliveries.
- • A single source of truth between buyers and suppliers.
- • Greater sustainability by removing the need for paper delivery tickets.
- • Improved relationships that can reduce invoice issues and queries.
The traditional paper-based process for managing your GRN/PODs is both costly and efficient.
By using Causeway eGRN, there are significant benefits available to your business.
Book a call with our Causeway eGRN team directly on 01628 367 400