Overcoming the Challenges of Manual Processes and Driving Efficiencies through ecommerce. PIDX Conference: Calgary, Canada October 2014

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Overcoming the Challenges of Manual Processes and Driving Efficiencies through ecommerce. PIDX Conference: Calgary, Canada October 2014"

Transcription

1 Overcoming the Challenges of Manual Processes and Driving Efficiencies through ecommerce PIDX Conference: Calgary, Canada October 2014

2 Agenda Challenges with Manual Processes Decision to Automate Reaping the Benefits of ecommerce Visibility & Communication Control & Compliance Processing Efficiencies Key Learnings Looking to the Future 2

3 Company Overview Number of Transactions Processed 220,000 invoices annually within the North American operations Almost three-quarters (70%) of invoices are associated with purchase orders Until two years ago, Talisman used almost no POs Supplier Base Concentration Talisman actively works with 3,500 to 4,000 suppliers, however spend is fairly concentrated Less than a third (30%) of suppliers submit more than four invoices a year 3

4 Challenges with Manual Processes Contract Compliance Limited ability to determine whether Talisman was being charged the rates that were negotiated in the contracts with suppliers. Scanning Effort All North American invoices were being scanned in a Calgary facility; using inter office mail to send invoices to Calgary from other locations. Visibility into Liabilities Given the time taken for inter office mail and scanning, there were delays with when outstanding liabilities were visible across the organization. 4

5 Decision to Automate 2012 Talisman started evaluating automation options Was looking for a solution that would deliver: Ability to validate invoice pricing against negotiated contracts Quality and consistency in the invoice process Reduction in scanning effort Increased visibility into outstanding liabilities Evaluated solutions based on: Solution functionality and ease of use Strong supplier network Pricing model, including supplier fees 2013 Went live with OpenInvoice 5

6 Leveraging ecommerce Talisman has automated the following processes to drive efficiencies ELECTRONIC INVOICING AUTOMATED WORKFLOW PRICE CHECKING SUPPLIER SELF SERVICE Receive invoices electronically Validation of invoice information Route invoices to appropriate approvers Approval of invoices Validation of invoice pricing Enabling compliance with contracts PO receipt and invoice submission Real time access to transaction status

7 Reaping the Benefits 1 Visibility & Communication 2 Control & Compliance 3 Processing Efficiencies 7 7

8 Visibility & Communication

9 Visibility into Purchase Orders Prior to Automation Talisman would call suppliers to provide purchase order information. And when it came to submitting an invoice, suppliers would have to call Talisman to determine the PO information that needed to be associated with the invoice. PURCHASE ORDER With Supplier Self Service Suppliers now have access to their purchase order information at any time, reducing the need to contact Talisman staff to determine what purchase order number needs to be submitted on the relevant invoice. 9

10 Invoice Response Messages Prior to Automation Suppliers had to call Talisman to understand where the invoice was in the approval process, and whether or not it was received in the first place. This process got lengthy especially when it came to disputed invoices. With Invoice Response Messaging. Suppliers get instant feedback on the status of their invoices visa messages sent through the platform at different stages when invoices are received, approved or rejected keeping suppliers in the loop at all times. 10

11 Flipping Purchase Orders into Invoices Prior to Automation Invoices were submitted to Talisman in paper format and then they were scanned into the ERP system for review and approval. PURCHASE ORDER With the Ability to Flip POs Suppliers can receive purchase orders within OpenInvoice, review the POos electronically and flip them into invoices, reducing the extent of manual effort required for invoice submission. 11

12 Improved Collaboration with Suppliers Talisman Benefits Supplier Benefits Talisman has been able to Reduce the number of calls into the AP department inquiring about POs and invoices Improve quality of invoice information, resulting in lesser work for the AP department Decrease the number of errors and exceptions, as a result of allowing suppliers to flip POs into invoices Suppliers now are able to Receive instant feedback on the status of their invoices, especially around disputes and rejects Use the PO flip functionality to generate invoices, reducing the amount of effort involved in creating invoices 12

13 Control & Compliance

14 Price Validation Prices on invoices are now automatically compared against negotiated contracts stored within Talisman s ERP system and any exceptions are flagged. This means that financial approvers are not spending hours going over invoices for rates; they are focusing on the business. Benefits of Price Checking Enabling price validation on all line items on the invoice, irrespective of dollar value Automated compliance of pricing on the invoice with negotiated contract pricing Reduction in errors inherent to the manual process of price checking on paper invoices 14

15 What this means for Talisman.

16 Improved Visibility Prior to automation, Talisman negotiated contracts with suppliers, but visibility into contracts was limited. With ADP the contracting process has improved and visibility increased because of the quality of data that is coming from the ADP system. CONTRACT Benefits of Improved Visibility Prior to automation, Talisman only had visibility into invoice level spend whereas they now have line item spend visibility Better quality of invoice information with the checks and balances available in place to validate invoices Better access to data results in improved spend analysis and decision making 16

17 Processing Efficiencies

18 Processing Efficiencies Back Up Data with Invoices Suppliers now have the ability to provide back up data with their invoices Talisman receives field tickets with the relevant invoices to verify invoice information Application can be confirmed to check that there is back up for each invoice 18

19 Processing Efficiencies Reduction in Scanning Effort With the ability for suppliers to submit electronic invoices, the number of invoices received in paper format has reduced Need fewer resources to scan the remaining paper invoices into the application Talisman expects to further increase electronic invoicing going forward 19

20 Processing Efficiencies Increased Visibility over Spend Increased visibility into spend through electronic invoicing Reduction in the delay associated with mailing invoices to Calgary for scanning Better access to data at the lineitem level for spend analysis 20

21 Learnings & Looking Ahead

22 Key Learnings & Take Aways 1 It is important to partner with a marketplace that can help you solve the communication challenges between buyers and suppliers. Direct integration with suppliers is not always the best approach to take. 2 There can be a lot of variance in the invoicing process, especially if you are dealing with invoices across a number of different geographies (eg: US vs. Canada/East vs. West); be prepared to handle this. 3 It takes time and effort to move all the relevant stakeholders in the same direction in order to achieve the benefits expected from automating any business process. 22

23 Looking to the Future Increase Early Payment Discount Capture Started negotiating early payment discounts with some suppliers Better position to capture discounts because of shorter approval cycles Simplification of PO and Invoice Processes PO process can be very complex; looking to simplify some of the processes Looking to simplify the code verifier role for accounts payable 23

24 Questions!

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

Purchase-to-Pay Transformation in the Oil and Gas Industry

Purchase-to-Pay Transformation in the Oil and Gas Industry Purchase-to-Pay Transformation in the Oil and Gas Industry Leveraging Purchase-to-Pay (P2P) Automation to Meet the Energy Sector s Unique Business Needs Featuring insights on... Business Process Characteristics

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

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

YOU WANT TO. Copyright 2014 ADP, LLC. Proprietary and Confidential.

YOU WANT TO. Copyright 2014 ADP, LLC. Proprietary and Confidential. YOU WANT TO 2 BUT THERE ARE CHALLENGES 1 2 4 3 1 PWC s most recent Global Economic Crime Survey (2011) 2 Source: ACFE. 2012 Report to the Nations on Occupational Fraud and Abuse. 3 2013 Invoice and Workflow

More information

Best-in-Breed P2P Automation:! A PwC Perspective! Best of Breed P2P Automation PwC

Best-in-Breed P2P Automation:! A PwC Perspective! Best of Breed P2P Automation PwC Best-in-Breed P2P Automation:! A Perspective! Best of Breed P2P Automation 1 Managing Director, US Leader Shared Services and Outsourcing Advisory, Founder and President, Direct Commerce We frequently

More information

The Benefits of Automating AP Invoice and Purchase Order Operations

The Benefits of Automating AP Invoice and Purchase Order Operations The Benefits of Automating AP Invoice and Purchase Order Operations Presented by Dan Humbert Chrome River, Product Manager Today s Objectives 1. Benefits of automating AP operations 2. Benefits of integrating

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

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

Advanced Topics in A/P Automation

Advanced Topics in A/P Automation Advanced Topics in A/P Automation Improving Savings, Accuracy, and Compliance July 20th, 2011 Scott Pezza Senior Research hassociate Aberdeen Group Sush Koka Senior Director, Product Marketing ADP Procure-to-Pay

More information

February 2, 2012 ACCOUNTS PAYABLE BEST PRACTICES

February 2, 2012 ACCOUNTS PAYABLE BEST PRACTICES February 2, 2012 ACCOUNTS PAYABLE BEST PRACTICES IMPORTANCE OF A/P BEST PRACTICES After payroll, the largest disbursement of a firm s funds typically comes from Accounts Payable (A/P) Accounts Payable

More information

Optimizing Your Accounting Process with Electronic Invoicing. A GXS White Paper for the Active Business

Optimizing Your Accounting Process with Electronic Invoicing. A GXS White Paper for the Active Business Optimizing Your Accounting Process with Electronic Invoicing for the Active Business Competitive pressures continue to force companies worldwide to seek further cost efficiencies and to improve visibility

More information

Daryl Fullerton. Oil & Gas Industry Principal

Daryl Fullerton. Oil & Gas Industry Principal Daryl Fullerton Oil & Gas Industry Principal How increased visibility into e-invoicing & other P2P KPI Metrics speeds up Invoice Payment while also improving Operator / Supplier Relations PIDX EU Conference

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

Accounts Payable Services. A strong foundation for sustained benefits. Accounts Payable

Accounts Payable Services. A strong foundation for sustained benefits. Accounts Payable Services A strong foundation for sustained benefits 2 Introduction The accounts payable (AP) function is changing. For the past decade, finance departments have focused on driving cost, complexity, risk

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

Maximize Supplier Enablement for Procure to Pay Success. An Oracle White Paper

Maximize Supplier Enablement for Procure to Pay Success. An Oracle White Paper Maximize Supplier Enablement for Procure to Pay Success An Oracle White Paper Maximize Supplier Enablement for Procure to Pay Success EXECUTIVE OVERVIEW Procure to Pay (P2P) automation comes of age as

More information

Automating the Settlement Process

Automating the Settlement Process Automating the Settlement Process Agenda Discussion Outline Why automate payments Options to achieve automation Selecting a service provider Transforming your payment process Future of electronic payments

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

Top Challenges of Automating Accounts Payable Departments

Top Challenges of Automating Accounts Payable Departments Top Challenges of Automating Accounts Payable Departments Recall s Guide for Leaders Considering Improvements to their Current Manual Process This guide is designed to help you consider everything needed

More information

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

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

PROCURE-TO-PAY TRANSFORMATION FOR CFOs. Achieving Control, Visibility & Cost Savings.

PROCURE-TO-PAY TRANSFORMATION FOR CFOs. Achieving Control, Visibility & Cost Savings. PROCURE-TO-PAY TRANSFORMATION FOR CFOs Achieving Control, Visibility & Cost Savings. Table of Contents Introduction...3 Driving up the Cost of the Procure-to-Pay Cycle...4 5 Ways to Cut Procure-to-Pay

More information

Invoice Processing. Start today: Jump-Start Solution for Finance:

Invoice Processing. Start today: Jump-Start Solution for Finance: 2 Processing Reduce the cost of AP by automating approval of valid invoices and streamlining discrepancy resolution Finance Professionals: The Big Picture & The Things You Can Address Today The Spend Control

More information

Accounts Payable. How to Cut Costs and Improve Invoice Processing Efficiency

Accounts Payable. How to Cut Costs and Improve Invoice Processing Efficiency Accounts Payable How to Cut Costs and Improve Invoice Processing Efficiency Contents 3 4 Introduction The Challenges of Invoices 5 The Goals of Invoice Automation 6-7 The Key Elements of Invoice Automation

More information

Accounts Payable Business Case. The Benefits of Accounts Payable Integration with PayCargo

Accounts Payable Business Case. The Benefits of Accounts Payable Integration with PayCargo Accounts Payable Business Case The Benefits of Accounts Payable Integration with PayCargo How to Use this Presentation This presentation will be invaluable to those who seek to articulate the benefits

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

Frequently Asked Questions OB10

Frequently Asked Questions OB10 Frequently Asked Questions OB10 What is einvoicing (electronic invoicing?) einvoicing is a process that allows you to submit invoices electronically without the need to print and mail invoice copies. With

More information

Invoice Automation for Small & Medium Enterprises (SME) Electronic Invoicing Strategies for the Mid Market

Invoice Automation for Small & Medium Enterprises (SME) Electronic Invoicing Strategies for the Mid Market Pay A D V I S O R S tream WHITE PAPER Invoice for Small & Medium Enterprises (SME) Electronic Invoicing Strategies for the Mid Market Featuring Insights on... Challenges with Current State Processing Factors

More information

1. Background of Electronic Approval Process...4 1.1. Reason for the change...4 2. The Approval Process...5 2.1. Picking Up a Task to Authorise...

1. Background of Electronic Approval Process...4 1.1. Reason for the change...4 2. The Approval Process...5 2.1. Picking Up a Task to Authorise... Finance Department Electronic Invoice Authorisation Contents 1. Background of Electronic Approval Process...4 1.1. Reason for the change...4 2. The Approval Process...5 2.1. Picking Up a Task to Authorise...5

More information

Secrets of World-Class Accounts Payable Departments

Secrets of World-Class Accounts Payable Departments Executive Brief Secrets of World-Class Accounts Payable Departments What the Best-in-Class AP departments do that make them stand out from their peers World-class AP departments know something you don

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

BEYOND PAPERLESS How AP Change Makers can improve on scan and capture solutions to unlock the full potential of AP Automation

BEYOND PAPERLESS How AP Change Makers can improve on scan and capture solutions to unlock the full potential of AP Automation CHANGE PAPER BEYOND PAPERLESS How AP Change Makers can improve on scan and capture solutions to unlock the full potential of AP Automation March 2014 TABLE OF CONTENTS 1. AP AUTOMATION WHERE ARE YOU TODAY?

More information

Streamlining Your AP Processes with Electronic Document Management

Streamlining Your AP Processes with Electronic Document Management Streamlining Your AP Processes with Electronic Document Management In today s business environment, doing more with less has become the norm rather than the exception. An accounts payable (AP) department

More information

A Survey Study of the Top Irritations Managers Have With Their Accounts Payable Process

A Survey Study of the Top Irritations Managers Have With Their Accounts Payable Process A Survey Study of the Top Irritations Managers Have With Their Accounts Payable Process It is safe to assume the majority of people occasionally have frustrations with the requirements of their job or

More information

WHITE PAPER. Is your AP Department Truly Automated?

WHITE PAPER. Is your AP Department Truly Automated? WHITE PAPER Is your AP Department Truly Automated? Published by: Sponsored by: Introduction For several decades accounts payable (AP) departments have been talking about the end of paper processing including

More information

Finding Nirvana in AP Automation and Outsourcing

Finding Nirvana in AP Automation and Outsourcing WHITE PAPER Finding Nirvana in AP Automation and Outsourcing Gaining Control By Letting Go Nirvana: Joy, freedom from pain and worry an end to suffering. Suffering is something with which many Accounts

More information

Automated Price Validation

Automated Price Validation Automated Price Validation A white paper on Applying Automation and Standards to Improve the ep2p Process in the Oil and Gas Industry OFS Portal LLC 25/02/2015 Contents Executive Summary... 3 Start at

More information

Five Simple Steps to Increase Supplier Adoption of einvoicing Jeff White

Five Simple Steps to Increase Supplier Adoption of einvoicing Jeff White Five Simple Steps to Increase Supplier Adoption of einvoicing Jeff White Director, Implementations & Integration ADP Procure-to-Pay Solutions Agenda Trends in invoice automation Barriers to einvoicing

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

Accounts Payable Automation Benefits

Accounts Payable Automation Benefits w h i t e pa p e r Accounts Payable Automation Benefits Facts and best practices by leading analysts Purchase to Pay by Medius, Powered by ReadSoft Author: ReadSoft, August 2011 Edited: Medius, June 2012

More information

STATOIL UON INVOICING POLICY

STATOIL UON INVOICING POLICY STATOIL UON INVOICING POLICY Applicability Statoil US Onshore Operations ( UON ) assets Effective Date January 1, 2016 TABLE OF CONTENTS PAGE 1. PURPOSE & OBJECTIVES... 2 2. EXPECTATION OF SUPPLIERS...

More information

AP Automation at Fossil. How Fossil implemented Opentext Vendor Invoice Management Wim Schalken

AP Automation at Fossil. How Fossil implemented Opentext Vendor Invoice Management Wim Schalken AP Automation at Fossil How Fossil implemented Opentext Vendor Invoice Management Wim Schalken Agenda INTRODUCTION LANDSCAPE PROJECT PROCESS LESSONS LEARNED Click to edit super huge text copy The Fossil

More information

SAP Solution Brief SAP ERP SAP Invoice Management by OpenText. Take Control with Invoice Management Software

SAP Solution Brief SAP ERP SAP Invoice Management by OpenText. Take Control with Invoice Management Software SAP Brief SAP ERP SAP Invoice Management by OpenText Objectives Take Control with Invoice Management Software Get ready for a new approach to invoice processing Get ready for a new approach to invoice

More information

JD EDWARDS ENTERPRISEONE PROCUREMENT MANAGEMENT

JD EDWARDS ENTERPRISEONE PROCUREMENT MANAGEMENT JD EDWARDS ENTERPRISEONE PROCUREMENT MANAGEMENT Integrate and streamline all procurement processes. Simplify supplier analysis and bidding. Eliminate unnecessary transactions. The Issue: Strategic Procurement

More information

Office of Contracting & Procurement and Support Service Center Desk Reference

Office of Contracting & Procurement and Support Service Center Desk Reference Oracle PeopleSoft Enterprise I m in. DETROIT PUBLIC SCHOOLS Office of Contracting & Procurement and Support Service Center Desk Reference Created by the Division of Finance Office of Strategic Management

More information

Imaging, Workflow and OCR: The Road to AP Productivity

Imaging, Workflow and OCR: The Road to AP Productivity Imaging, Workflow and OCR: The Road to AP Productivity Agenda Ryerson Background and Challenges Best Practices in AP Processing Ryerson Benefits of Imaging & OCR Impact of Imaging & OCR on Data Entry and

More information

It all Starts with the Invoice

It all Starts with the Invoice It all Starts with the Invoice Speakers Mel Steals Director of Invoice Automation Solutions PNC Bank Amy Rush Shared Services Controller Courtney Caton Finance Manager Westmoreland Coal Company 1 Agenda

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

Invoicing Innovation - Taking Accounts Payable to the Next Level

Invoicing Innovation - Taking Accounts Payable to the Next Level Invoicing Innovation - Taking Accounts Payable to the Next Level INTRODUCTIONS Pieter Sluis Senior Manager Finance Liberty Global Rob Rousou Senior Solutions Consultant Martijn Hemelrijk Director of Product

More information

Transforming Accounts Payable into a Profit Center

Transforming Accounts Payable into a Profit Center PROFIT FROM PAYMENTS: Transforming Accounts Payable into a Profit Center Leveraging Business Process Automation to Capitalize on Dynamic Discounts a New Breed of Early Payment Incentives BEGIN Table of

More information

Things You Need in AP Automation

Things You Need in AP Automation Things You Need in AP Automation ME LIKE! Let s Start! Accounts payable processing has long been one of the most document- and laborintensive operations a company undertakes. It s riddled with manual data

More information

HOT TREND: ACCOUNTS PAYABLE AUTOMATION

HOT TREND: ACCOUNTS PAYABLE AUTOMATION th ANNUAL ALABAMA TREASURY MANAGEMENT ASSOCIATION SUMMIT HOT TREND: ACCOUNTS PAYABLE AUTOMATION SEPTEMBER 25 Mel Steals, PNC Bank Alex Keene, BBVA Compass Agenda 2 Accounts Payable Goals Accounts Payable

More information

Business is a Conversation

Business is a Conversation Business is a Conversation David Weinberger The Cluetrain Manifesto: The End of Business as Usual By Christopher Locke, Rick Levine, Doc Searls, and David Weinberger 5 Steps to Automating Accounts Payable

More information

SAP Travel OnDemand Solution An Easier Way to Travel

SAP Travel OnDemand Solution An Easier Way to Travel SAP Brief SAP Travel OnDemand Objectives SAP Travel OnDemand An Easier Way to Travel Focus on your business while controlling travel costs Focus on your business while controlling travel costs With the

More information

Designing an Optimal Technology Landscape For Accounts Payable Transformation

Designing an Optimal Technology Landscape For Accounts Payable Transformation perspective Designing an Optimal Technology Landscape For Accounts Payable Transformation - Rajagopal NVS Abstract Companies that leverage technology to automate their Accounts Payable (AP) function can

More information

SAP Solution Overview: SAP Cloud for Travel and Expense An Easier Way to Travel

SAP Solution Overview: SAP Cloud for Travel and Expense An Easier Way to Travel : An Easier Way to Travel Table of Contents Overview...1 Solutions... 2 Benefits... 8 Quick Facts... 11 1 Overview: Focus on your business while controlling travel costs. With the increasing cost of business

More information

Transform Accounts Payable Into a Revenue Center. Supplier Payments Optimization

Transform Accounts Payable Into a Revenue Center. Supplier Payments Optimization Transform Accounts Payable Into a Revenue Center Supplier Payments Optimization Supplier Payments Optimization With Virtual Cards Is your p-card program optimizing payments to your suppliers? Does your

More information

White Paper. Streamlining Your AP Processes with Electronic Document Management ABSTRACT. www.treenosoftware.com Command Your Content

White Paper. Streamlining Your AP Processes with Electronic Document Management ABSTRACT. www.treenosoftware.com Command Your Content 1 White Paper Streamlining Your AP Processes with Electronic Document Management ABSTRACT An Accounts Payable (AP) Enterprise Document Management (EDM) solution saves you time and money by automating repetitive,

More information

Exploring the Spectrum of Accounts Payable Automation Solutions

Exploring the Spectrum of Accounts Payable Automation Solutions Exploring the Spectrum of Accounts Payable Automation Solutions Authored By: Overview: As companies begin optimization efforts within their Accounts Payable (A/P) processes, at some juncture, the selection

More information

DOCUMATION S PURCHASE TO PAY (P2P) SUITE

DOCUMATION S PURCHASE TO PAY (P2P) SUITE Documation is a leading provider of document-centric workflow and content management software, delivering services and solutions to businesses and organisations in the UK, Europe and around the world.

More information

The Case for ERP-Integrated Paperless Automation

The Case for ERP-Integrated Paperless Automation The Case for ERP-Integrated Paperless Automation Featuring insights on... Common AP Pains Among All Organizations The Advantages of an Integrated AP Automation Solution Automating AP as a Microsoft Dynamics

More information

Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable. Ebook

Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable. Ebook Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable Ebook Table of Contents Introduction #1 Improve Monitoring of Invoices #2 Improve Visibility & Control #3 Faster

More information

Creating an Efficient & Profitable AP Department

Creating an Efficient & Profitable AP Department Creating an Efficient & Profitable AP Department Kentucky HFMA July 23, 2015 Agenda - AP Challenges - Targeting Specific Areas for Greater Efficiencies - Analyze AP Process to Create Payment Strategies

More information

P-Card Fraud Controls. Introduction

P-Card Fraud Controls. Introduction Introduction According to 2013 Association of Financial Professionals (AFP) Payments Fraud and Survey, the second most targeted payment type for fraud was corporate/commercial purchasing cards. 29% of

More information

EXFLOW NAV BROCHURE INCREASE PRODUCTIVITY IN YOUR AP DEPARTMENT LEVERAGE YOUR DYNAMICS NAV INVESTMENT WITH INDUSTRY BEST PRACTICE AP AUTOMATION

EXFLOW NAV BROCHURE INCREASE PRODUCTIVITY IN YOUR AP DEPARTMENT LEVERAGE YOUR DYNAMICS NAV INVESTMENT WITH INDUSTRY BEST PRACTICE AP AUTOMATION EXFLOW NAV BROCHURE INCREASE PRODUCTIVITY IN YOUR AP DEPARTMENT LEVERAGE YOUR DYNAMICS NAV INVESTMENT WITH INDUSTRY BEST PRACTICE AP AUTOMATION What is ExFlow NAV? For whom? ExFlow NAV is an add-on module

More information

2015 SIS e-invoicing Awareness Workshop 9/10 June, 2015 Beijing

2015 SIS e-invoicing Awareness Workshop 9/10 June, 2015 Beijing In a Nutshell 2015 SIS e-invoicing Awareness Workshop 1 9/10 June, 2015 Beijing Benefits of SIS e-invoicing Save money Reduce human factors Save time Reduces lost and mishandled invoice Reduced costs by

More information

Introduction. Table of Contents

Introduction. Table of Contents Introduction To stay competitive, you know how important it is to find new ways to streamline and save on your company s operations. Learning how leading companies handle commercial payments can give you

More information

6/21/2013. High Level Overview

6/21/2013. High Level Overview High Level Overview Christine Griffin Gateway Systems Manager Streamlined and strategic buying Best value pricing for contracted prices Speed with shopping carts Automated approval routing and tracking

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

Perfect Payables. Scott Pezza Research Analyst Aberdeen Group Sush Koka Senior Director, Product Marketing ADP Procure-to-Pay Solutions

Perfect Payables. Scott Pezza Research Analyst Aberdeen Group Sush Koka Senior Director, Product Marketing ADP Procure-to-Pay Solutions Perfect Payables Best Practices for Performance Improvement and Supplier Participation December 15 th, 2011 Scott Pezza Research Analyst Aberdeen Group Sush Koka Senior Director, Product Marketing ADP

More information

Get Invoice Processing That s Ready for the Digital Economy and Your IT Landscape

Get Invoice Processing That s Ready for the Digital Economy and Your IT Landscape SAP Brief SAP Extensions SAP Invoice Management by OpenText Objectives Get Invoice Processing That s Ready for the Digital Economy and Your IT Landscape Get ready for a new approach to invoice processing

More information

AP Automation. Are You Thinking Strategically? What s Inside: Beyond Cost Reduction & Compliance. Benefits of the Paper to Electronic Migration

AP Automation. Are You Thinking Strategically? What s Inside: Beyond Cost Reduction & Compliance. Benefits of the Paper to Electronic Migration Pay tream A D V I S O R S WHITE PAPER AP Are You Thinking Strategically? What s Inside: Beyond Cost Reduction & Compliance Benefits of the Paper to Electronic Migration Deriving Greater Strategic Value

More information

Electronic Invoice Management

Electronic Invoice Management Electronic Invoice Management A Move to the Middle Q1 2014 Featuring Insights on... Underwritten in part by Barriers to einvoice Adoption Building a Case for AP Automation Usage of AP Automation Factors

More information

The Power of AR Automation

The Power of AR Automation The Power of AR Automation The Power of AR Automation Accounts Receivable departments have been slow to innovate, unlike their receivables and payment processing systems that are both expensive and unreliable

More information

Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management

Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management A GT Nexus White Paper Executive Summary There is a renewal of interest in

More information

The New AP Strategy: Leveraging Automation and Working Capital Optimization to Generate Revenue

The New AP Strategy: Leveraging Automation and Working Capital Optimization to Generate Revenue The New AP Strategy: Leveraging Automation and Working Capital Optimization to Generate Revenue Agenda Identify Your Goals Why Automate? The New Payment Strategy Review Your Current Environment Leverage

More information

TRANSFORM YOUR FINANCIAL PROCESSES. Efficiently capture, share and communicate information seamlessly across the business.

TRANSFORM YOUR FINANCIAL PROCESSES. Efficiently capture, share and communicate information seamlessly across the business. TRANSFORM YOUR FINANCIAL PROCESSES Efficiently capture, share and communicate information seamlessly across the business. Meeting today s Information Management challenges Today, information can be your

More information

Transform Invoice Management with a Hybrid of Cloud and On-Premise Software

Transform Invoice Management with a Hybrid of Cloud and On-Premise Software SAP Brief SAP Business Suite SAP Invoice Management Objectives Transform Invoice Management with a Hybrid of Cloud and On-Premise Software Achieve a higher level of performance Achieve a higher level of

More information

This paper looks at current order-to-pay challenges. ECM for Order-to-Pay. Maximize Operational Excellence

This paper looks at current order-to-pay challenges. ECM for Order-to-Pay. Maximize Operational Excellence J A N U A R Y 2 0 1 4 ECM for Order-to-Pay Maximize Operational Excellence This paper looks at current order-to-pay challenges and trends; what organizations should consider in an order-to-pay solution;

More information

Case Study: Innovative Methods to Drive Compliance, Automation and User Adoption Across the Supply Chain

Case Study: Innovative Methods to Drive Compliance, Automation and User Adoption Across the Supply Chain Case Study: Innovative Methods to Drive Compliance, Automation and User Adoption Across the Supply Chain Michael DeLuca Director, Supply Chain System & Consulting Services The Environment UPMC is a $7b

More information

Contents. best practices

Contents. best practices best practices document management solutions Achieve Best-in-Class Performance by Challenging Old Assumptions 5 Myths About Accounts Payable Automation Debunked Contents 1 The Accounts Payable challenge

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

PROACTIS Solutions & Services for Finance

PROACTIS Solutions & Services for Finance PROACTIS Solutions & Services for Finance What we do for you as the person responsible for financial management How We Help increase savings, reduce risk and improve efficiencies by providing you with

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

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

idocuments Solutions Overview Enterprise financial management & workforce solutions www.idocuments.net June 2015

idocuments Solutions Overview Enterprise financial management & workforce solutions www.idocuments.net June 2015 idocuments Enterprise financial management & workforce solutions Solutions Overview June 2015 Sy na nt i x Ltd. All r ig ht s r es er ved. P a g e 1 17 Contents Introducing idocuments... 3 Mobile Approvals

More information

Role Definitions CUS REQ

Role Definitions CUS REQ Welcome The University s Procure-to-Pay (P2P) initiative is designed to make it easier to conduct business at Penn. This guide to using purchase orders, and the more in-depth P2P website, are part of a

More information

PROCURE-TO-PAY AUTOMATION GUIDE. A guide to cloud procure-to-pay automation for CIOs, CFOs and CPOs. PRESENTED BY BIRCHSTREET SYSTEMS Copyright 2016

PROCURE-TO-PAY AUTOMATION GUIDE. A guide to cloud procure-to-pay automation for CIOs, CFOs and CPOs. PRESENTED BY BIRCHSTREET SYSTEMS Copyright 2016 PROCURE-TO-PAY AUTOMATION GUIDE 2016 A guide to cloud procure-to-pay automation for CIOs, CFOs and CPOs. PRESENTED BY BIRCHSTREET SYSTEMS Copyright 2016 PROCURE-TO-PAY AUTOMATION Procure-to-Pay Automation

More information

Accounts Payable Outsourcing

Accounts Payable Outsourcing Accounts Payable Outsourcing OVERVIEW- ACCOUNTS PAYABLE PROCESSING The findings of a recent accounts payable study highlights the common errors and issues faced by the accounts payable department. They

More information

Accounts payable processing made simple

Accounts payable processing made simple Accounts payable processing made simple Approve your bills from anywhere, anytime. Send your data seamlessly to your accounting software and point of sale. No more paper, data-entry or filing cabinets.

More information

5 Things You re Missing

5 Things You re Missing WHITE PAPER 5 Things You re Missing if Your AP Automation Solution Doesn t Have Predictive Analytics Published by: Sponsored by: 5 Things You re Missing if Your AP Automation Solution Doesn t Have Predictive

More information

PEOPLESOFT ENTERPRISE esettlements

PEOPLESOFT ENTERPRISE esettlements PEOPLESOFT ENTERPRISE esettlements Relying on paper-based processes to pay for goods and services and to resolve disputes with suppliers can be costly, inefficient, and D KEY FEATURES Automated settlement

More information

WHITE PAPER. ADP Procure-to-Pay Solutions Optimizing P2P for Non-PO Spend

WHITE PAPER. ADP Procure-to-Pay Solutions Optimizing P2P for Non-PO Spend WHITE PAPER ADP Procure-to-Pay Solutions Optimizing P2P for Non-PO Spend Optimizing P2P for Non-PO Spend p. 1 Executive Summary While purchase orders are a proven tool, they are not practical or even particularly

More information

Transforming Accounts Payable. Evolving from Administra8ve Necessity to Strategic Partner

Transforming Accounts Payable. Evolving from Administra8ve Necessity to Strategic Partner Transforming Accounts Payable Evolving from Administra8ve Necessity to Strategic Partner AGENDA Setting the Stage: Perception is Reality Key Concepts The Transformation Process The New Reality 2 01 Setting

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

From Invoice Capture to Archive: How to Achieve End-to-End AP Automation

From Invoice Capture to Archive: How to Achieve End-to-End AP Automation From Invoice Capture to Archive: How to Achieve End-to-End AP Automation About The Institute of Financial Operations operations ecosystem, with a particular focus on the accounts payable and accounts receivable

More information

Automated INVOICE Processing A User s Guide

Automated INVOICE Processing A User s Guide USER GUIDE Automated INVOICE Processing A User s Guide ROCC Computers Ltd Stanford Gate, South Road, Brighton BN1 6SB Tel: 01273 274716 Email: info@rocc.co.uk EXECUTIVE SUMMARY In this Accounts Payable

More information

From Invoice Capture to Archive: How to Achieve End-to-End AP Automation

From Invoice Capture to Archive: How to Achieve End-to-End AP Automation From Invoice Capture to Archive: How to Achieve End-to-End AP Automation About The Institute of Financial Operations The Institute of Financial Operations is a membership-based professional association

More information