Complete End to End AP Automation: The benefits for your organization

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1 Complete End to End AP Automation: The benefits for your organization

2 S:ck Around All session a*endees will receive Chris Elmore s best selling AP automa:on e- book: The 8 PiAalls of AP Automa:on 2

3 Agenda The Synergies that Created Partnership Piracle & AvidXchange The State of the Industry AP and Payment Automation Overview The Impact of Automation Product Offering 3

4 Piracle X AvidXchange Create- A- Check AP & Payment Automa:on Meeting Market Demand We re what s next for payables. 4

5 Why We Developed a Partnership 23 years in the evolving payments industry Accordant partnership for 15 years 250+ Shared customers Over 2,500 Sage 300 CRE customers Tremendous growth last 3 years Company Culture! 15 years in AP and payment automation industry 98% customer retention Customers predominantly in the construction and real estate vertical Complimentary product line that automates Invoices AND payments 5

6 Joint Sage Customers Advance Realty Development Benchmark Communi:es Buckingham Construc:on Corp. Con:nuum Services Corigin Holdings, LLC Dermody Proper:es Inc Duke Realty Corpora:on Hackman Capital Partners LLC Harbor East Management Group Herman & Ki*le Proper:es Inc Inland Companies Inc. Johnson Development Ke*ler Lincoln Property Company Marque*e Real Estate Group Pappas Proper:es RED Development, LLC REI Real Estate Services LLC Rose Associates Security Proper:es Shea Proper:es- California Sun State Builders Tulfra Realty LLC 6

7 A Story of Growth Exci3ng growth $31Million annual revenue 60% annual growth 234 employees added in ,000 vendors in our network $40 Billion processed through AvidPay 3.1 Billion AvidPay transac:ons Added 300 new customers in so`ware releases across all product lines 7

8 Leveraging Technology and Service Able to service 100% of invoices AND payments AvidInvoice Create-A-Check AvidPay Network Quickly deliver what Sage customers expect Flatten the learning curve 8

9 Typical Accounts Payable Process 9

10 Automated Process

11 Impact of Automa:ng Payables Cost to process a paper invoice invoice receipt through approval and entry into the accounting system. According to Aberdeen Research bestin-class results for AP Automation processing. 60% Cost to process a paper check check printing through mailing and filing. According to Aberdeen Research bestin-class results for Payment Automation processing. Average Reduc:on in Payment Processing Costs Total cost of the AP process from invoice receipt through payment. According to Aberdeen Research bestin-class results for AP & Payment Automation processing. 11

12 Industry Sta:s:cs *2013 epayments Survey, The Associa:on of Financial Professionals 12

13 Industry Sta:s:cs Corpora3ons are shi;ing to electronic payments for incredible ROI. Billions $500 $400 50% Admit to Problems Approximately 50% of organiza:ons admit to problems with manual data entry, inefficient processes, and manual rou:ng of invoices for review and approval. $300 $ * 70% Seeking Increases 70% of CFOs surveyed state that they are ac3vely seeking to increase their company s use of electronic supplier payments. *Source: Mercator Advisory Group. **PayStream Advisors, "The Value of Purchasing Cards, U:lizing P- Cards as a Strategic Form Of Payment"

14 What Drives Efficiency? 14

15 Time Routing and Approval: 2-3 Days vs. 28 Days Eliminate Manual Processes: Data Entry, etc. 24/7 Visibility into Invoice and Payment Status & Approvals Vendor and Payment Management Create-A-Check AvidPay Network 15

16 Control Decreasing invoice and payment cycle time, gives you time to plan instead of react. 16

17 Exciting New Product Line 17

18 avidinvoice With AvidBill Service Core func3onality Customer Benefits Automates the input of fully Invoices can be routed, approved and ready to coded, fully approved, pay within 2-3 days electronic AP transac:on 24/7 visibility reduces into your accoun:ng system internal and vendor inquiries Approval workflow mimics current process electronically 18

19 What Payment Solu:ons are Right for Your Business? 19

20 Payment Flexibility Self- Managed Payments Complete Payment Automa:on 20

21 Benefits of Create- A- Check More cost effec:ve and secure than pre- printed forms Any changes made to company and vendor payment informa:on is handled inside the so`ware and tracked Approval process for increased controls Posi:ve Pay 21

22 Self- Managed ACH Payments Generate electronic payment file to submit to your own bank remi*ance for your vendors EFT and Wire transfer capability Payment approval process 22

23 Core Func3onality From Create- A- Check version 12, you can send to AvidPay for payment Vendors choose how they would like to receive payment ACH Merchant Account Payments Check Benefits Convert check payments to automated payments by sending through the Network Vendor teams work on the customer s behalf to convert paper checks to electronic payments Unlimited payment approvals 50% adop:on for e- payments Works with any bank 200,000 vendors already in the network 23

24 Re-mastered AP Workflow GL/ERP/System of Record 24

25 Customer You can t even assign a value to the efficiency, but it s worth a lot more than our monetary savings of $72,000 a year. Now that I have all of the informa3on that I need right at my finger3ps, I can focus on cash forecas3ng and scheduling payments for ideal cash management. - Cameron (Chip) Vaughan Vice President & Chief Financial Officer of The Wilton Companies 25

26 We will send all a*endees Chris Elmore s best selling e- book: 8 PiAalls of AP Automa:on Visit us at Booth #11 Next Steps See me if you are interested in a demo 26

27 Thank You! All session a*endees will receive Chris Elmore s best selling AP automa:on e- book: The 8 PiAalls of AP Automa:on 27

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