DRIVING THE TRIPLE C FACTOR. Costs down, compliance up and cycle time contracted

Size: px
Start display at page:

Download "DRIVING THE TRIPLE C FACTOR. Costs down, compliance up and cycle time contracted"

Transcription

1 DRIVING THE TRIPLE C FACTOR Costs down, compliance up and cycle time contracted

2 Industry reference Aberdeen Group (2007) 5% reduction in bottom line costs 20% improvement in the top line Paper manufacturers embrace electronic media Good business practice Improving productivity

3 Driving the triple C factor: Costs down Compliance up Cycle time contracted

4

5 Your key take-aways Higher satisfaction Business process improvements Improved internal audit reports

6 Our business Planting Seedlings Maintenance R&D Fellings Transport Shorthaul Depot

7 Our business Good returns Strong balance sheet To ensure that Sappi is an exciting, growing and profitable leader in paper and specialised cellulose.

8 Our business How? Maintaining and growing global leadership position as a low cost dissolving wood pulp producer Growing high margin speciality paper business in all regions Smaller and simpler low cost graphic paper business Maximising value from our forestry operations in SA

9 Our diverse business = broad supplier base

10

11 Our business: touching you

12 Our business: bringing it home

13 Our biggest asset: our people

14 Global footprint, local flavour

15 Our business: countrywide Ngodwana 195kton paper pulp 230kton kraft paper 140kton newsprint 210kton dissolving wood pulp Enstra 200kton uncoated fine paper 42% local uncoated paper 28% coated fine paper Stanger 110kton coated paper & tissue 60kton pulp Tugela 280kton kraft paper 130kton paper pulp 40% of SA s packaging paper requirements Cape Kraft 60kton kraft paper 36% of local newsprint supply

16 Shared services Industry hype: shared services Accounts payable: goods and services

17 Shared services Opportunity for Sappi Reduce waste Lean six sigma: green belt Business process mapping

18 Shared services Reduce geographical creditors clerk footprint Business process mapping: as-is at the time, identify gaps, propose opportunities Re-deploy team centrally, right sizing exercise Another challenge borne courier costs, lag time in transporting invoice to hub Birth of technology Scan paper invoices / capability to receive SARS compliant pdf (128kb encrypted)

19 Technology investigation Business process management Technology feasibility and capability Value engineering

20 Value engineering Accounts payable and expense Multiple payment methods including electronic payments Time recording and travel booking Travel charges are integrated with payroll Automatic audit Travel and expense reporting Integrated with the G/L Automatic alerts

21 Value engineering Key metrics: AP AR Total external audit cost incurred (in selected currency) Average cycle time for creation of annual forecast (in days) Average time to create a new report for which there is no previously defined report template (in days) Average time to close monthly books (in days) % discounts lost from suppliers Average discount (in %) Annual purchase amount eligible for discounts (in million currency) % of invoices using online processing

22 Value engineering Key metrics: AP AR continued % of payroll errors Average days sales outstanding (in days) Accounts receivable balance (in million currency) % of receivables overdue Uncollectible A/R write-offs (bad debts) in past year (in million currency) % of errors in bills sent out

23 Value engineering Shared services hub for account payments Task: process 144k invoices annually across 8 company codes

24 Enter ReadSoft Preferred technology of choice: Evaluated alternate products in the marketplace and competitors are present at Saphila Sappi EU and NA use the product, so it was a non-event in the choice of ReadSoft. Sappi single SAP project presented timeline and challenges, resulting in upgrade to EUNA s ReadSoft environment.

25 Enter ReadSoft Preferred technology of choice: Input Paper Image file PDF XML Fax Invoices Invoices Configuration & administration Manager Production Scan Interpret Verify Transfer Interpretation tuning Optimise Output Invoice image files Invoice data Target system

26 Measures of success ReadSoft tool with optimised functionality Right first time: Invoices processed per clerk per day Opportunity for continuous improvement 70% 31 (EU standard in Poland is 33)

27

28 Measures of success Overdue workflows August September October November December January February

29 Measures of success

30 Readsoft Invoices processed

31

32 Continuous improvement Slow response time Hardware Infrastructure Architecture

33 Continuous improvement Technology focus: tweaking the engine Optimising the scan to improve right first time

34 Continuous improvement Training: Goods receipt, service acceptance and workflow handling Improve GR/IR Reduce workflows Touch less invoices

35 Way forward Shared services AP is proving success Payroll next opportunity

36 Self-reflection Costs down Compliance up Cycle time contracted

37 Your turn! Questions and queries Feedback: did you enjoy it?

38 Thanks for being a great interactive audience!

39 Koosh Panday Mobile LinkedIn:

AP Automation Best Practices and Trends Oracle E-Business Suite

AP Automation Best Practices and Trends Oracle E-Business Suite AP Automation Best Practices and Trends Oracle E-Business Suite October 17, 2012 Agenda The challenges of efficiently processing invoices Technology Evolution Invoice Capture ERP Integration Oracle EBS

More information

Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite

Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite Presented by Kevin Ryan, Regional Sales Manager ReadSoft Oracle Solutions Agenda 1. The Dilemma of Manual AP Inefficient

More information

SAP S/4HANA, cloud edition - Feature Scope Description

SAP S/4HANA, cloud edition - Feature Scope Description Feature Scope Description Document version: 1.03 2015-07-30 SAP S/4HANA, cloud edition - Feature Scope Description Document History The following table provides an overview of the most important document

More information

Proposal for Accounting Services (Sample)

Proposal for Accounting Services (Sample) Proposal for Accounting Services (Sample) Benefits of LTP Accounting Current operation resources can focus on core responsibilities. Improved accounting controls and reporting Use of the leading on-demand

More information

Accelerating Your Cash Flow

Accelerating Your Cash Flow Accelerating Your Cash Flow Invoices On-Line Invoices On-Line (IOL) from Direct Insite delivers on-demand AP, AR and payments capabilities that are deployed fast, with minimal cost and operational impact,

More information

Contract Management The Mavericks Won t Like This!

Contract Management The Mavericks Won t Like This! Contract Management The Mavericks Won t Like This! Keith Wallis How Much Did That Project Cost? Real Life Example Original contract amount $500K Variations scope changes not visible Total variations =

More information

SUPPLIER INVOICE WORKFLOW EINVOICE Efficient automated workflow 2010 IFS

SUPPLIER INVOICE WORKFLOW EINVOICE Efficient automated workflow 2010 IFS www.ifsworld.com SUPPLIER INVOICE WORKFLOW EINVOICE Efficient automated workflow THOMAS PETERSON LEIF JOHANSSON SENIOR ADVISOR - FINANCIALS BUSINESS SOLUTIONS CONSULTANT AGENDA SUPPLIER INVOICE WORKFLOW

More information

Automating Accounts Payable

Automating Accounts Payable Automating Accounts Payable Jim Fisher, Business Development Director Lovell Booth, Implementation Consultant www.wearev1.com V1 is Committed to the Sage Community Integration with Sage 300 ERP (Accpac),

More information

OBIEE 11g Pre-Built Dashboards from Oracle Courtesy: Oracle OBIEE 11g Deployment on Vision Demo Data FINANCIALS

OBIEE 11g Pre-Built Dashboards from Oracle Courtesy: Oracle OBIEE 11g Deployment on Vision Demo Data FINANCIALS FINANCIALS General Ledger The General Ledger module provides insight into key financial areas of performance, including balance sheet, cash flow, budget vs. actual, working capital, liquidity. Dashboard

More information

E-invoices. What they are. Different types. Best practices for implementation. R E A D S O F T W H I T E P A P E R

E-invoices. What they are. Different types. Best practices for implementation. R E A D S O F T W H I T E P A P E R R E A D S O F T W H I T E P A P E R E-invoices What they are. Different types. Best practices for implementation. This whitepaper describes different types of e-invoices, discusses what the differences

More information

2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative. Improving State Operations: Kentucky

2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative. Improving State Operations: Kentucky 2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative Improving State Operations: Kentucky Kevin Moore 6/1/2011 Executive Summary: Accounts Payable was a time consuming, inefficient

More information

Welcome to Metafile. Solving document issues for over 30 years. Matt Akin msa@metafile.com 800-638-2445 x 301

Welcome to Metafile. Solving document issues for over 30 years. Matt Akin msa@metafile.com 800-638-2445 x 301 Welcome to Metafile Solving document issues for over 30 years Matt Akin msa@metafile.com 800-638-2445 x 301 Janine Peck jgp@metafile.com 800-638-2445 x 303 Metafile helps many companies with their AP,

More information

Xero reviewers guide

Xero reviewers guide Xero Reviewers Guide 1 Xero reviewers guide Xero is the world s leading online accounting solution. Use this guide to understand Xero s key features and how we are helping small businesses thrive. Updated

More information

Integrating Payables and Receivables to Unlock Working Capital

Integrating Payables and Receivables to Unlock Working Capital Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management

More information

Product Brief. Intacct Financials & Accounting. Intacct General Ledger

Product Brief. Intacct Financials & Accounting. Intacct General Ledger Product Brief Intacct Financials & Accounting Intacct Financials and Accounting includes Intacct General Ledger, Intacct Accounts Receivable, Intacct Accounts Payable, Intacct Cash Management and Intacct

More information

A/R Journal Entries GAAP. Add Invoice Line. Cancel Line from Invoice Maintenance. Cancel Balance via Write-Off Invoice Balances Routine

A/R Journal Entries GAAP. Add Invoice Line. Cancel Line from Invoice Maintenance. Cancel Balance via Write-Off Invoice Balances Routine CHAPTER 6 A/R Journal Entries This chapter will review the automated journal entries made by the module. The entries are separated into a GAAP and Non-GAAP section. GAAP Add Invoice Line An accrual entry

More information

Strategies for optimizing your accounts receivable

Strategies for optimizing your accounts receivable Part of the Deloitte working capital series Make your working capital work for you Strategies for optimizing your accounts receivable The Deloitte working capital series Strategies for optimizing your

More information

White Paper. The Implications of E-invoicing for Purchasing and Accounts Payable Automation Projects. www.compleatsoftware.com

White Paper. The Implications of E-invoicing for Purchasing and Accounts Payable Automation Projects. www.compleatsoftware.com White Paper The Implications of E-invoicing for Purchasing and Accounts Payable Automation Projects www.compleatsoftware.com Introduction The ability to cost effectively convert a purchase invoice into

More information

A guide to your complete business solution

A guide to your complete business solution A guide to your complete business solution 9 out of 10 accountants recommend Pastel Accounting* Start-up My Invoicing by Pastel My Invoicing focuses on the two most important administrative requirements

More information

Mike Ventrella, Vice President, Sales

Mike Ventrella, Vice President, Sales Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite Presented by Mike Ventrella, Vice President, Sales Agenda 1. The Dilemma of Manual AP Inefficient Risky Costly 2. The

More information

The power to transform your business

The power to transform your business The power to transform your business Optimus 2020 continues to be the number one choice for litho and packaging printers worldwide. What is the secret of our longevity? Constant research and forward thinking

More information

What s New in Sage 100 ERP

What s New in Sage 100 ERP Date What s New in Sage 100 ERP Lori Maloof, Product Manager CPE Credit In order to receive CPE credit for this session, you must be present for the entire session. Recommended CPE Credit = 1 Delivery

More information

SAP Analytical Fiori Apps for SAP Simple Finance, on-premise edition 1503

SAP Analytical Fiori Apps for SAP Simple Finance, on-premise edition 1503 SAP Fiori s for SAP Simple Finance, on-premise edition 1503 This document provides you additional information about backend configuration requirement for SAP analytical Fiori s for SAP Simple Finance,

More information

LOCI SOLUTIONS WHITEPAPER - October 2014

LOCI SOLUTIONS WHITEPAPER - October 2014 LOCI SOLUTIONS WHITEPAPER - October 2014 Loci Solutions Group Pty Limited ABN: 33 151 488 112 Level 3, Suite 5, 100 Walker Street North Sydney NSW 2060 Ph: 02 9251 3877 Fax: 02 9285 0513 www.locisolutions.com

More information

Embracing Electronic Accounts Payable Using the SAP Financial Services Network Leonard Schwartz Director, Solution Management SAP Financial Services

Embracing Electronic Accounts Payable Using the SAP Financial Services Network Leonard Schwartz Director, Solution Management SAP Financial Services Embracing Electronic Accounts Payable Using the SAP Financial Services Network Leonard Schwartz Director, Solution Management SAP Financial Services Network SAP Labs LLC LEARNING POINTS Discover how Electronic

More information

INVOICES 5-5. The world s most popular gateway to electronic invoice processing

INVOICES 5-5. The world s most popular gateway to electronic invoice processing INVOICES 5-5 The world s most popular gateway to electronic invoice processing Electronic invoice processing is extremely profitable Can your company afford the traditional, manual handling of supplier

More information

Finance process. Taking advantage of R6 Accounts Receivable and Collection Management to maximize revenue and cash flow. R6 Functional Overview

Finance process. Taking advantage of R6 Accounts Receivable and Collection Management to maximize revenue and cash flow. R6 Functional Overview R6 Functional Overview products customers orders billing finance Finance process Taking advantage of R6 Accounts Receivable and Collection Management to maximize revenue and cash flow Table of Contents

More information

Unlocking Hidden Profits in Your Company with Achieve Inventory Control and AR Collections. Neil Swanson Achieve IT Solutions

Unlocking Hidden Profits in Your Company with Achieve Inventory Control and AR Collections. Neil Swanson Achieve IT Solutions Unlocking Hidden Profits in Your Company with Achieve Inventory Control and AR Collections Neil Swanson Achieve IT Solutions Single Integrated ERP system for small, mid-size and subsidiaries of Large Enterprise

More information

Speed up your success Shift your processes into 6th gear. The complete solution for automated invoice processing. >> ELO DocXtractor INVOICE

Speed up your success Shift your processes into 6th gear. The complete solution for automated invoice processing. >> ELO DocXtractor INVOICE >> Speed up your success Shift your processes into 6th gear The ELO DocXtractor is the intelligent solution for full and automated invoice processing. The entire accounts payable process will be transparently

More information

ACCOUNTS PAYABLE AUTOMATION FOR SAP

ACCOUNTS PAYABLE AUTOMATION FOR SAP ebook: Accounts Payable ACCOUNTS PAYABLE AUTOMATION FOR SAP How Adding AP Workflow Automation to Vendor Invoice Processing Can Make Your AP Operation Best-in-Class Accounts Payable Automation for SAP 2

More information

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper C&I LOAN EVALUATION & UNDERWRITING A Whitepaper C&I Lending Commercial and Industrial, or C&I Lending, has long been a cornerstone product for many successful banking institutions. Also known as working

More information

Invoice Processing Automation

Invoice Processing Automation Introduction to Invoice Processing Automation CFO s are searching for visibility into near term payables. Is Accounts Payable automation the answer? Technology has transformed the way people process invoices.

More information

Accounts Payable Invoice Processing. White Paper

Accounts Payable Invoice Processing. White Paper www.allstarss.com ACCELERATING Business Processes Accounts Payable Invoice Processing Table of Contents Table of Contents TABLE OF CONTENTS... I THE BUSINESS CHALLENGE... 2 Invoice Processing Costs...

More information

Cloud Solutions for Bigger Business

Cloud Solutions for Bigger Business Cloud Solutions for Bigger Business Cloud Solutions for Bigger Business MYOB Advanced is set to transform the way larger Australian and New Zealand businesses work. MYOB Advanced Business is a cloud based

More information

Responsibility Service Expectation Service Metric (Measurement) Service Description

Responsibility Service Expectation Service Metric (Measurement) Service Description 1 General a. Issuing and publicising to stakeholders University financial policies and procedures In consultation with Colleges and Service Divisions, provide clear Policies and Procedures that promote

More information

ES ACCOUNTING QUICK START GUIDE

ES ACCOUNTING QUICK START GUIDE QUICK START GUIDE Version 5.0.7 Malaysia GST Ready Page 1 CONTENTS Chapter 1 PAGE Overview 1.1 Introduction 1.2 File Module 1.3 General Ledger Module 1.4 Customer Module 1.5 Supplier Module 1.6 Malaysia

More information

{The High Cost} of Legacy ERP Systems. plantemoran.com

{The High Cost} of Legacy ERP Systems. plantemoran.com {The High Cost} of Legacy ERP Systems plantemoran.com Many organizations have come to realize that while ERP software doesn t appear to generate direct revenue, it can significantly impact financial performance.

More information

Zetadocs for NAV. Mitch Brown Channel Manager Equisys, Inc.

Zetadocs for NAV. Mitch Brown Channel Manager Equisys, Inc. Zetadocs for NAV Mitch Brown Channel Manager Equisys, Inc. AGENDA Introduction to Zetadocs Zetadocs Express Upgrading Zetadocs Express Typical Solutions What to do next / Q & A About Equisys Offices in

More information

Managing Invoice Flows: AP automation for Microsoft Dynamics NAV. Bob Monio Director of Global Alliances

Managing Invoice Flows: AP automation for Microsoft Dynamics NAV. Bob Monio Director of Global Alliances Managing Invoice Flows: AP automation for Microsoft Dynamics NAV Bob Monio Director of Global Alliances Overview of AP automation Accounts Payable Factors driving demand for AP automation Greater control

More information

Nigel Taylor Head of e-invoicing Solutions, EMEA

Nigel Taylor Head of e-invoicing Solutions, EMEA The Basics of Electronic Invoicing Nigel Taylor Head of e-invoicing Solutions, EMEA Agenda The basics of electronic invoicing for buyers and sellers Compliance today and tomorrow Community enablement How

More information

Accounts Payable Automation

Accounts Payable Automation A Simple Introduction to Accounts Payable Automation How to improve your Accounts Payable Process and get the results you really want A Publication of MEDI Table of Contents Introduction Chapter 1 Chapter

More information

MAC McCallick Accounting & Consulting 650 North Rose Drive #175 Placentia, Ca 92870 www.mac-cpa.biz 714-349-2502 www.nonprofit-connect.

MAC McCallick Accounting & Consulting 650 North Rose Drive #175 Placentia, Ca 92870 www.mac-cpa.biz 714-349-2502 www.nonprofit-connect. MAC McCallick Accounting & Consulting 650 North Rose Drive #175 Placentia, Ca 92870 www.mac-cpa.biz 714-349-2502 www.nonprofit-connect.com July 14, 2010 Phil Anthropy Sample Non-Profit 1100 Charity Way

More information

Customer, customer, customer, debtor.

Customer, customer, customer, debtor. Customer, customer, customer, debtor. By Lance Wickman Billing and collections is an often-undervalued moment of truth in the overall customer experience that businesses can no longer afford to ignore.

More information

11.3 Bad Debt Write-off Procedures

11.3 Bad Debt Write-off Procedures Policy Statement Departments are responsible for analysing their outstanding accounts receivable and creating a provision for accounts deemed doubtful or uncollectible. Annually, departments will request

More information

Part of the Deloitte working capital series. Make your working capital work for you. Strategies for optimizing your accounts payable

Part of the Deloitte working capital series. Make your working capital work for you. Strategies for optimizing your accounts payable Part of the Deloitte working capital series Make your working capital work for you Strategies for optimizing your accounts payable The Deloitte working capital series Strategies for optimizing your accounts

More information

Designed to Deliver Value

Designed to Deliver Value Simple. Economical. Powerful. Designed to Deliver Value ENTERPRISE CONTENT MANAGEMENT FOR ORACLE E-BUSINESS SUITE CUSTOMERS IMAGE EXPRESS Simple. The MHC Image Express Enterprise Content Management solution

More information

Oracle Business Intelligence Enterprise Edition (OBIEE) Presented by: Rapidflow Apps Inc.

Oracle Business Intelligence Enterprise Edition (OBIEE) Presented by: Rapidflow Apps Inc. Oracle Business Intelligence Enterprise Edition (OBIEE) Presented by: Rapidflow Apps Inc. Agenda Overview Gartner Magic Quadrant for BI Platform Rapidflow Business Intelligence (BI) Solutions Oracle OBIEE

More information

Your guide to our services

Your guide to our services Your guide to our services Working together to help your clients Bibby Financial Services works with a strong and diverse network of financial intermediaries, such as finance brokers, insolvency practitioners,

More information

How Your Accounts Payable Strategy Can Boost ROI ADP Procure-To-Pay Jeff White - Director of Implementations Session #1050

How Your Accounts Payable Strategy Can Boost ROI ADP Procure-To-Pay Jeff White - Director of Implementations Session #1050 How Your Accounts Payable Strategy Can Boost ROI ADP Procure-To-Pay Jeff White - Director of Implementations Session #1050 2 Manual Process : Complex, Slow and Tactical Invoice Processing Price Validation

More information

S.T.A.R. Dynamics. Shipping Trucking Air & Rail Multimodal Logistics Software. Techinfy Solutions Private Limited

S.T.A.R. Dynamics. Shipping Trucking Air & Rail Multimodal Logistics Software. Techinfy Solutions Private Limited S.T.A.R. Dynamics Shipping Trucking Air & Rail Multimodal Logistics Software 0 Highlights Time-tested and proven application Flexible framework and Latest technology - User friendly at Affordable cost

More information

KPI ENCYCLOPEDIA FINANCE. A Comprehensive Collection of KPI Definitions for. www.opsdog.com info@opsdog.com 201.526.1200

KPI ENCYCLOPEDIA FINANCE. A Comprehensive Collection of KPI Definitions for. www.opsdog.com info@opsdog.com 201.526.1200 KPI ENCYCLOPEDIA A Comprehensive Collection of KPI Definitions for FINANCE www.opsdog.com info@opsdog.com 201.526.1200 Table of Contents KPI Encyclopedia OpsDog Services Overview...2 Metric Definitions....3

More information

E- Invoicing Strategies for PO and Non- PO Invoices. Chris Rauen, Solu0ons Marke0ng Manager - Ariba

E- Invoicing Strategies for PO and Non- PO Invoices. Chris Rauen, Solu0ons Marke0ng Manager - Ariba E- Invoicing Strategies for PO and Non- PO Invoices Chris Rauen, Solu0ons Marke0ng Manager - Ariba Controlling a Rogue Invoice Ron from a marketing company submits an invoice. Invoice Invoice Mary in AP

More information

Accounting information systems and business process : part 1

Accounting information systems and business process : part 1 King Saud University College of Administrative Science Department of Accounting Accounting information systems and business process : part 1 Chapter 4 Prepared By: Eman Al-Aqeel Professor : Dr: Suliman

More information

Oracle Financial Analytics Accounts Payable Demo Script

Oracle Financial Analytics Accounts Payable Demo Script Oracle Financial Analytics Accounts Payable Demo Script Last Updated: October 2006 Oracle Systems, Inc. 1 Overview This demo illustrates how Oracle Accounts Payable (A/P) as part of Financial Analytics,

More information

Leveraging Accounts Payable Automation as a Service www.esker.com

Leveraging Accounts Payable Automation as a Service www.esker.com Leveraging Accounts Payable Automation as a Service www.esker.com Table of Contents Introduction...3 Executive Summary...4 Challenges in Accounts Payable...5 What is the problem...5 How big is the problem...6

More information

Strategies for Automating Payments and Invoices

Strategies for Automating Payments and Invoices Strategies for Automating Payments and Invoices Kathy Jennings, AmeriPride Services Brent Zumwalt, Schwan Food Company Michelle Ziolkowski, Wells Fargo MN AFP April 28, 2015 2015 Wells Fargo Bank, N.A.

More information

PDF Invoicing. Dispelling the Myths. My suppliers want to send PDF invoices are these the same as electronic invoices?

PDF Invoicing. Dispelling the Myths. My suppliers want to send PDF invoices are these the same as electronic invoices? My suppliers want to send PDF invoices are these the same as electronic invoices? Do PDF invoices provide me with structured data that can be used in my finance application? PDF Invoicing Dispelling the

More information

Agenda. Copyright 2012 2013 Acuity Business Solutions, LLC All Rights Reserved

Agenda. Copyright 2012 2013 Acuity Business Solutions, LLC All Rights Reserved Agenda Understand the reasons your firm purchased Vision analyzing your company s pain points What is an ERP and how is it different? Project Lifecycle Reasons why firms fail at implementation or user

More information

Accounts Payable Automation

Accounts Payable Automation Accounts Payable Automation Dataline - a brief history Launched as privately owned company, based in Chatswood, Sydney. Became a leading proponent of distributed non-impact MICR technology We remain the

More information

Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total $30,690 Requirement 2

Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total $30,690 Requirement 2 Chapter 7 Solutions EXERCISES Exercise 7 2 Cash and cash equivalents includes: Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total

More information

Streamline Accounts Payable Processes with Cloud-Based Electronic Invoicing

Streamline Accounts Payable Processes with Cloud-Based Electronic Invoicing SAP Brief Ariba s Cloud-Based Financial s Ariba Invoice Management Objectives Streamline Accounts Payable Processes with Cloud-Based Electronic Invoicing Achieve touchless invoice processing on a global

More information

Page 1 of 38 www.experttraining.in Youtube.com/ViralJadhav viral@experttraining.in +91 9558821174

Page 1 of 38 www.experttraining.in Youtube.com/ViralJadhav viral@experttraining.in +91 9558821174 Page 1 of 38 www.experttraining.in Youtube.com/ViralJadhav viral@experttraining.in +91 9558821174 Don t just learn Data Entry in Tally.. Learn Complete Accounting and Taxation System with Industry Experts.

More information

aurora Complex billing made simple billing software solutions www.aurora-billing.co.uk info@aurora-billing.co.uk 01634 673800

aurora Complex billing made simple billing software solutions www.aurora-billing.co.uk info@aurora-billing.co.uk 01634 673800 aurora billing software solutions Complex billing made simple www.aurora-billing.co.uk info@aurora-billing.co.uk 01634 673800 welcome a Aurora Kendrick James Limited (Aurora) provides Billing Software

More information

Finance at McDonald s

Finance at McDonald s at McDonald s Careers at McDonald s Although the realm of accounting and finance has often been viewed as dull bean counting, in today s modern and competitive business environment, the finance department

More information

Sarbanes-Oxley Compliance A Checklist for Evaluating Internal Controls

Sarbanes-Oxley Compliance A Checklist for Evaluating Internal Controls Sarbanes-Oxley Compliance A Checklist for Evaluating Internal Controls Companies today are immersed in audits of their internal controls and financial processes in an effort to comply with Section 404

More information

Accounts payable automation: How smaller institutions can compete

Accounts payable automation: How smaller institutions can compete Accounts payable automation: How smaller institutions can compete By Jan Skinner, Vice President of Business Development, AvidXchange Two interesting phenomena recently have converged, causing smaller

More information

Digital Asset Manager, Digital Curator. Cultural Informatics, Cultural/ Art ICT Manager

Digital Asset Manager, Digital Curator. Cultural Informatics, Cultural/ Art ICT Manager Role title Digital Cultural Asset Manager Also known as Relevant professions Summary statement Mission Digital Asset Manager, Digital Curator Cultural Informatics, Cultural/ Art ICT Manager Deals with

More information

ASOS Expenses FAQ & guidance on VAT receipts

ASOS Expenses FAQ & guidance on VAT receipts ASOS Expenses FAQ & guidance on VAT receipts Q: What do I need to attach to my expense claim? A: Each line of your expense claim needs to be supported by a receipt (or image proving you are in possession

More information

EFFICIENTLY RUN YOUR OPERATIONS. Accounts Receivable Track individual clients, organizations, and funding sources separately.

EFFICIENTLY RUN YOUR OPERATIONS. Accounts Receivable Track individual clients, organizations, and funding sources separately. At a Glance years serving the nonprofit and education sectors MANAGE ACCOUNTING FOR NONPROFITS REPORT AND BUDGET WITH CONFIDENCE EFFICIENTLY RUN YOUR OPERATIONS MAINTAIN DATA INTEGRITY UNDERSTAND AND MANAGE

More information

Accelerating E-Invoice adoption and roll-out with SAP

Accelerating E-Invoice adoption and roll-out with SAP Accelerating E-Invoice adoption and roll-out with UK & Ireland User Group Conference 2011 20 th 22 nd November 2011 Frank Ruland, Line of Business Solutions, AG Agenda How E-Invoicing for Compliance Simplifies

More information

TAKING AWAY THE HASSLE OF KEEPING THE BOOKS

TAKING AWAY THE HASSLE OF KEEPING THE BOOKS TAKING AWAY THE HASSLE OF KEEPING THE BOOKS 2 LESLIE ERIERA & CO PAPERWORK AAAAARGHHHH Every business owner hates bookkeeping and paperwork. Unfortunately it has to be done. And it has to be done in a

More information

The Transition from Paper to Painless

The Transition from Paper to Painless WHITE PAPER Accounts Payable Automation: The Transition from Paper to Painless ABSTRACT This white paper takes a comprehensive look into how businesses can leverage AP Automation to reduce costs, enhance

More information

Why Professional Services Firms Need an Integrated ERP Solution

Why Professional Services Firms Need an Integrated ERP Solution A Computer Generated Solutions, Inc. White Paper Why Professional Services Firms Need an Integrated ERP Solution Microsoft Dynamics Case Study 2011 Table of Contents ERP Landscape... 3-4 A More Focused

More information

AP Invoice Automation and Workflow System

AP Invoice Automation and Workflow System AP Invoice Automation and Workflow System WHY AUTOMATE ACCOUNTS PAYABLE (AP) INVOICING WHY AUTOMATE ACCOUNTS PAYABLE (AP) INVOICING Enables electronic workflow functionality to provide timely invoice

More information

Collaborative Finance Operations

Collaborative Finance Operations Solution in Detail Finance Executive Summary Contact Us Collaborative Finance Operations Achieve Superior Finance Operations Achieve Superior Finance Operations Flexibility for Your Changing Business Today

More information

1 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

1 Copyright 2011, Oracle and/or its affiliates. All rights reserved. 1 Copyright 2011, Oracle and/or its affiliates. All rights reserved. Oracle Fusion Financials: Innovations in Financial Reporting Terrance Wampler, Vice President, Oracle Product Strategy Presenting with

More information

Working Capital Metrics: What Gets Measured Gets Managed

Working Capital Metrics: What Gets Measured Gets Managed Working Capital Metrics: What Gets Measured Gets Managed Janine Durbin Director; Working Capital Advisor Phone: 312.992.5185 E-Mail: janine.m.durbin@baml.com Understanding Working Capital Working Capital

More information

Accounts Payable Capture and Approval

Accounts Payable Capture and Approval 1 If you are manually processing 30,000 or more purchase invoices a year then here is an opportunity to both reduce your costs and gain significant benefits using recognition technology. For lower volumes

More information

Expense Reports Training Document. Oracle iexpense

Expense Reports Training Document. Oracle iexpense Expense Reports Training Document Oracle iexpense Prepared by FSCP Solutions Inc. Table of Contents Create (Enter) Expense Reports...1 Approved Expense Report... 18 Rejected Expense Report... 19 Entering

More information

204 Reports Included with Version 7.0!

204 Reports Included with Version 7.0! 204 Reports Included with Version 7.0! Accounts Payable Aged A/P summary by name Aged A/P summary by number Detailed A/P activity by name Detailed A/P activity by number Detailed aged A/P by name Detailed

More information

Service Procurement process improvement in SAP. Copyright 2008, Advanced Contractor Cost Management Inc. All Rights Reserved 1

Service Procurement process improvement in SAP. Copyright 2008, Advanced Contractor Cost Management Inc. All Rights Reserved 1 Service Procurement process improvement in SAP 1 Objectives Assist the Client in managing an expanding contracted work force using a proven methodology. Provide a SAP based, web enabled software solution,

More information

Table of Contents. 4 Receivables Analytics for Oracle E-Business Suite

Table of Contents. 4 Receivables Analytics for Oracle E-Business Suite IBM Cognos 8 Financial Performance Receivables Analytics for Oracle E-Business Suite USER GUIDE Product Information This document applies to IBM Cognos 8 Financial Performance Version 8.3 and may also

More information

11.5.10 Projects Features Highlights

11.5.10 Projects Features Highlights 11.5.10 Projects Features Highlights Introduction - Working closely with Oracle Corporation, O2Works thoroughly evaluates all new releases in order to provide our customers with interesting new perspectives

More information

Business Plan: Finance

Business Plan: Finance Business Plan: Finance How does this service contribute to the results identified in the City of London Strategic Plan? A Strong Economy A Vibrant and Diverse Community A Green and Growing City A Sustainable

More information

Lecture Objectives. Basic Business Systems. Example systems. Business applications for information. Basic Business Systems

Lecture Objectives. Basic Business Systems. Example systems. Business applications for information. Basic Business Systems CSE1204 - Information Systems 1 Lecture Objectives BASIC BUSINESS SYSTEMS to understand concepts and principles of basic business systems to be aware of some typical computerbased information systems within

More information

A GUIDE TO IMPLEMENTING SAP BUSINESS ONE

A GUIDE TO IMPLEMENTING SAP BUSINESS ONE A GUIDE TO IMPLEMENTING SAP BUSINESS ONE THE ULTIMATE GUIDE If you are considering SAP Business One as your business management solution or have already selected SAP Business One and you are about to embark

More information

www.sagepastelonline.com

www.sagepastelonline.com www.sagepastelonline.com Accounting Simple and secure online accounting. With free feature updates, unlimited transactions and no set-up costs or monthly contracts, My Business Online is the simple accounting

More information

5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay Cycle

5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay Cycle 5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay Cycle An IOFM white paper, sponsored by 5 Ways Senior Finance Executives are Improving Visibility Across the Procure-to-Pay

More information

Accounts receivable:

Accounts receivable: 26 February 2016 Accounts receivable Chartered Institute of Internal Auditors Accounts receivable are an essential part of any organisation's balance sheet. Often referred to as debtors, these are monies

More information

Finance Process Documents Accounts Receivable

Finance Process Documents Accounts Receivable REVISION HISTORY Rev. No. Date Description of Change Process Owner 1.00 Aug-2007 Original Final Version Approved Liam Ryan, AR Staff 2.00 Jan-2015 Revised structure of documents in line with new template

More information

Tier-2. A mix of: Paper Documents Electronic Documents Scanned Documents E F F I C I E N C Y

Tier-2. A mix of: Paper Documents Electronic Documents Scanned Documents E F F I C I E N C Y AP Automation Handling unstructured and semi-structured documents have multiple challenges. Account Payable Invoices, HR, Legal and other business documents that fit this definition consume a lot of internal

More information

One View Report Samples Financials

One View Report Samples Financials One View Report Samples Financials Introduction... 1 Application: One View Customer Ledger Inquiry Accounts Receivable P03B2022... 2 Report: Open Invoices... 2 Report: Customer Balance... 4 Report: Open

More information

Good Practice Guide No. 3. Finance Invoicing, Receipts and Debt Management

Good Practice Guide No. 3. Finance Invoicing, Receipts and Debt Management Guide No. 3 Finance Invoicing, Receipts and Debt Management Version: 1.0 Revision Date: April 2008 Revision and Control Record Revision Number Section / Paragraph Reference Description of Change Revision

More information

Your guide to an integrated and holistic software solution for a dynamic business environment.

Your guide to an integrated and holistic software solution for a dynamic business environment. Your guide to an integrated and holistic software solution for a dynamic business environment. Sage Evolution ERP Need a good reason to choose Sage Evolution? Here s 10. 1 Accountants recommend Sage Pastel

More information

Credit Control and Debt Management Policy

Credit Control and Debt Management Policy Credit Control and Debt Management Policy Issue Date: August 2011 Author: Head of Finance Approval Body: Senior Leadership Team CONTENTS Page(s) 1. Policy Statement 3 2. Background 3 4 3. Debt Management

More information

Infor CloudSuite Business

Infor CloudSuite Business Business Achieve a next-generation business strategy in the cloud Whether you re providing services or moving inventory in your home-town, across the country or around the world with Infor CloudSuite Business,

More information

Automated invoice processing and approval workflow for any financial system.

Automated invoice processing and approval workflow for any financial system. w h i t e pa p e r Automated invoice processing and approval workflow for any financial system. This whitepaper describes benefits and best practices when automating invoice processing. Author: ReadSoft

More information

Audit Program for Accounts Receivable and Sales

Audit Program for Accounts Receivable and Sales Form AP 15 Index Reference Audit Program for Accounts Receivable and Sales Legal Company Name Client: Balance Sheet Date: Instructions: The auditor should refer to the audit planning documentation to gain

More information

Basware Invoice Automation Demonstration

Basware Invoice Automation Demonstration Basware Invoice Automation Demonstration Better Buying, Better Selling, Connected Commerce with Basware Thomas Noe Presales Engineer Mobile: 917-207-7689 Email: thomas.noe@basware.com Rich Roberts Account

More information