Forrester study: The Total Economic Impact™ of PEX

Forrester study shows how PEX helped organizations save 8,700 hours and unlock $1.1M in value over three years

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PEX TEI study

  • Key insights

    • PEX delivered $1.1M in total benefits over three years for the Forrester study’s composite organization of 130 employees, which was based on the experiences of interviewed customers. Savings came from time savings across departments, rebate earnings, and productivity gains from automation.

    • PEX helped teams recover 8,700 hours of employee time in year 3 by eliminating manual reconciliation, expense tracking, and reporting. That time savings contributed to the $788K in productivity value across 3 years for PEX users for the composite organization.

    • The finance team alone saved 192 hours a year on monthly close and another 720 hours annually on manual reconcilation efforts such as GL coding and AI-powered receipt capture.

  • What you'll learn

    Download the Forrester study, commissioned by PEX, to see how PEX delivered more than $1.1M in value across three years. The study also show how PEX improves visibility, simplifies workflows, and makes it easy for both finance and non-finance teams to adopt.

  • Testimonials

    • “[Preparing monthly close statements,] would [take] probably 7 to 8 hours that would be split up over the course of a couple of days. [With PEX,] it takes me maybe about 15 minutes, and my close process is done.”

      Accounts payable manager, healthcare

    • “[Before PEX, receipt consolidation] was a very manual process. Chasing people down for receipts, getting people’s approval, [and] the overall process [was time-consuming]. It would take me weeks to get a month done, and now it takes a matter of minutes sometimes.”

      Financial analyst, education/nonprofit

    • "In our blue-collar industry, most employees aren’t particularly interested in technology. Yet, PEX is so straightforward and user-friendly that everyone uses it with ease. That alone says a lot about the quality of PEX.”

      Finance manager, construction

    • “PEX customer service has been top-notch. I would never want to move back to anything else or change anything else at this point just because it’s been that amazing of a process and a help and time-saver for us.”

      Financial analyst, education/nonprofit

    • “If we had to approve all transactions ourselves, that itself is one FTE. And [approving] everything else we were able to automate with PEX-related to managing credit cards would [require] two FTEs total.”

      Finance manager, construction

Testimonials

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