Public Sector e-invoicing

Size: px
Start display at page:

Download "Public Sector e-invoicing"

Transcription

1 Public Sector e-invoicing Cutting Costs & Improving Service V

2 Simple Business Case for e-invoicing To process an e-invoice takes a best-in-class organisation² 4 It costs just 4.77* to process an e-invoice or to process a paper invoice¹ By switching from paper to e-invoicing, every 60,000 Supplier Invoices could save you ½ whilst this the average without e-invoicing³ e-invoices processed per FTE per year or ² 2016 Public Sector bodies must be able to accept e-invoices from Suppliers Million¹ paper invoices processed per FTE

3 e-invoicing enables e-procurement Pre-award Procurement Post Award Procurement Tender Supplier Selection Purchase Order Receipt of Goods Invoice Capture 2 or 3 way Matching Payment Process e-invoicing Supplier Process Quotation Order Process Delivery Billing Credit Control Settlement

4 Lowering the cost of Invoice processing Paper Process* Receive Keying Validation & Matching Enquiries & Disputes Payment Archiving & Retrieval Total E-invoice* Receive No keying costs Validation & Matching Dispute Management Payment Archiving & Retrieval Total 4.77 Reduce Fraud & Improve Compliance Remove Errors & Duplications Reduce Time & Effort Capture Discounts or Release Capital Instant Access & Remove Waste

5 Full-time Equivalent (FTE) efficiency impact Paper/PDF Process Invoice Process Timeline ³ Pre-process Verification Process Dispute & Enquiries Payment Archiving & Reconciliation Minute Minute Minute Minute Minute Minute Minute Minute Minute e-invoice Process Performance Processing Metrics ² Best-in-Class AP All Others Number of Invoices processed per FTE per month 3,559 1,335 Percent of Invoices processed straight-through 44.2% 18.4% Percent of Suppliers that submit e-invoices 41.8% 14.5% Invoice exception rate 7.7% 16.1%

6 e-invoicing Key Measurements Supplier Payment Terms (e.g. 30 Days) Approved Invoice 1. Invoice Capture Time 2. Invoice Approval Time 3. Working Capital Window Paper Process ² Total Process Cost 13.98* Week 1 Week 2 Week 3 Week 4 Week 5 Best in Class e-invoicing ² Invoice Date New opportunity to release working capital or capture early settlement discounts from suppliers and control prompt payment targets Due Date Total Process Cost 4.77*

7 e-invoicing benefits your suppliers 1. Prompt Payment Visibility of Invoice delivery Collaboration over invoices Quicker Invoice Approval Faster Access to Cash Access to Invoice Financing 2. Strong Relationship Part of your supply chain You want to buy from them Integrated into your process Ease of doing business with you Increase sales opportunity Delivery Archiving 3. Cost of Billing Credit Control Paper Invoice Supplier Saves 5.49* e-invoice *

8 e-invoicing Check-list Feature Connection Network Provider Electronic Data Interchange with PDF Attachment Post & Paper No Mailing Costs for Supplier Order to Invoice Flip Visibility in Supplier Portal Fully Automated No Manual Intervention by Buyer Control over Content Inter-Network Connectivity HMRC VAT Compliant

9 Core benefits of e-invoicing Save Less FTE time in process Social Prompt Payment Secure Greater visibility of spend Reduce Errors & Duplications Strengthen small supplier partnerships Reduce opportunity for fraud Collect early payment discounts Release capital early to suppliers Higher levels of compliance

10 Foundations for a strong e-invoicing strategy Release Working Capital to SME Suppliers Support for Non-UK Suppliers Ability to link Orders to Invoices Low Cost to Supplier Offer full range of supplier connection methods Always on Supplier onboarding plan Move to online archiving & retrieval Reduce Capture Times Reduce Approval Times Create a transition plan to move from paper

11 Your next steps towards e-invoicing 1. Develop an internal business case for adoption 2. Plan your transition from paper to electronic invoicing 3. Pilot solution with target group of friendly suppliers 4. Set realistic adoption timeline using a phased approach 5. Roll out e-invoicing across your suppliers in phases 6. Build into your terms & conditions of business Find Useful Resources UK National E-Invoicing Forum (UKNeF) References * All figures are based on a to conversion rate of Source: Page 52, E-Invoicing, E-BIlling 2014, Key stakeholders as game changer 6 May Final figures will depend on the solution adopted Functionality and costs will depend on the final e-invoice solution adopted ¹ Parliamentary Enquiry Electronic Invoicing the next steps towards digital government ² Ardent Partners - epayables AP's New Dawn ³ AP Benchmarking Report for Lewisham Council 2005 Author: Stephen

Implementing the Scottish Government s einvoicing Solution at West Lothian Council - Case Study

Implementing the Scottish Government s einvoicing Solution at West Lothian Council - Case Study Implementing the Scottish Government s einvoicing Solution at West Lothian Council - Case Study Background Whilst einvoicing has been implemented by some public sector bodies across Scotland, it has been

More information

THE ADOPTION OF E-INVOICING AT LONDON BOROUGH OF ISLINGTON COUNCIL TUESDAY 16 JUNE, 2015

THE ADOPTION OF E-INVOICING AT LONDON BOROUGH OF ISLINGTON COUNCIL TUESDAY 16 JUNE, 2015 THE ADOPTION OF E-OICING AT LONDON BOROUGH OF ISLINGTON COUNCIL TUESDAY 16 JUNE, 2015 1 TODAY S SPEAKERS Stephen Carter einvoicing COE Basware Bill Cavanagh Payment Services Manager London Borough of Islington

More information

E-INVOICING A COMPANY-WIDE PROJECT?

E-INVOICING A COMPANY-WIDE PROJECT? Hot topics, Perspectives, and Debates - Trending in Procurement brings you the trends and analysis for your Procurement needs. E-INVOICING A COMPANY-WIDE PROJECT? In the context of a stepped-up search

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

Boost the performance of your Accounts Payable and Treasury departments thanks to the Ariba Network

Boost the performance of your Accounts Payable and Treasury departments thanks to the Ariba Network Boost the performance of your Accounts Payable and Treasury departments thanks to the Ariba Network Franck Dupas, Business Networks Executive / SAP France September 9th, 2015 Optimizing Payables Via Invoice

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

e-invoicing Supplier On-boarding Pack

e-invoicing Supplier On-boarding Pack e-invoicing Supplier On-boarding Pack A straightforward, universal solution What is e-invoicing? E-Invoicing (e-billing) is a web based service that facilitates the secure exchange of information between

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 Trends & Best Practices May 19, 2011 Agenda Typical AP Challenges AP Automation Invoice Management B2B Payments Financial Supply Chain Q&A 2 Top Priorities CFO View Mitigate Risk 43% Forecast

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

Procure-to-Pay Best Practices

Procure-to-Pay Best Practices ITFMA Conference Procure-to-Pay Best Practices Integrating P2P Best Practices with Technology Chris Evanoff: Principal, Soltec, Inc. 1 Presentation Outline Introduction and Background Procure-to-Pay Cycle

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

Save Money, Save Trees: How Payment Automation Can Sustain Your Agency While Sustaining the Planet

Save Money, Save Trees: How Payment Automation Can Sustain Your Agency While Sustaining the Planet Save Money, Save Trees: How Payment Automation Can Sustain Your Agency While Sustaining the Planet 2010 Presented by: Elavon Financial Services Yves Delisle Assistant Vice President Public Sector Sales

More information

LEVERAGING AP AUTOMATION TO CREATE A SUCCESSFUL EARLY PAY PROGRAM (THAT CAN SAVE YOUR COMPANY MILLIONS)

LEVERAGING AP AUTOMATION TO CREATE A SUCCESSFUL EARLY PAY PROGRAM (THAT CAN SAVE YOUR COMPANY MILLIONS) LEVERAGING AP AUTOMATION TO CREATE A SUCCESSFUL EARLY PAY PROGRAM (THAT CAN SAVE YOUR COMPANY MILLIONS) Housekeeping Details Listen-only mode teleconference Questions Question function in GoTo Meeting

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

Virtual Card Payments for A/P Making Money Paying the Bills

Virtual Card Payments for A/P Making Money Paying the Bills Virtual Card Payments for A/P Making Money Paying the Bills Todd Albers, Senior Payables Program Strategist U.S. Bank Minnesota AFP Annual Conference April 28, 2015 Introduction Todd M. Albers US Bank,

More information

Driving AP Automation Efficiencies Through Payments Transformation. Minnesota AFP April 19, 2011

Driving AP Automation Efficiencies Through Payments Transformation. Minnesota AFP April 19, 2011 Driving AP Automation Efficiencies Through Payments Transformation Minnesota AFP April 19, 2011 Zorica Stojanovic Vice President Lawrence Heavey Senior Vice President Agenda Payments Transformation Challenges

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

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

epayables Solution Spotlight

epayables Solution Spotlight epayables Solution Spotlight On Vishal Patel Research Director Ardent Partners October, 2012 1 The epayables Solution Spotlight builds upon Ardent Partners recent epayables SMARTSet series by combining

More information

Dear Valued Supplier, Schneider Electric Mexico is phasing out paper invoices!

Dear Valued Supplier, Schneider Electric Mexico is phasing out paper invoices! Dear Valued Supplier, Schneider Electric Mexico is phasing out paper invoices! Schneider Electric Mexico has implemented an electronic invoicing (e-invoicing) program which you will be using to submit

More information

E-INVOICING Action Required: OB10 Registration

E-INVOICING Action Required: OB10 Registration E-INVOICING Action Required: OB10 Registration March 2013 Dear..Sir/Madam, Unilever has taken a strategic decision to encourage all suppliers to migrate towards electronic invoicing. Unilever Europe receives

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

Making Automated Accounts Payable a Reality

Making Automated Accounts Payable a Reality Making Automated Accounts Payable a Reality www.merkur.com (800) 637-1704 Table of Contents Introduction...3 Executive Summary...4 Challenges in Accounts Payable...5 What is the problem?...5 How big is

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

Accounts Payable Automation Benefits

Accounts Payable Automation Benefits W H I T E P A P E R Accounts Payable Automation Benefits Facts and best practices by leading analysts Purchase to Pay by ReadSoft. Automated accounts payable processing Author:Paul Steele, Wille Dahl,

More information

The CFO s motivation...

The CFO s motivation... The CFO s motivation... What do you consider to be the key financial priorities for your organization for the year ahead? Strategic Priorities 35% 48% 45% 43% 72% Improving operational efficiency Optimising

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

Mondelez International Moves to Electronic Invoicing

Mondelez International Moves to Electronic Invoicing Mondelez International Moves to Electronic Invoicing Dear Sir / Madam As part of Mondelez International ongoing efforts to improve our service, we are phasing out paper processes by moving to electronic

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

B2B Payments New World

B2B Payments New World The Essentials of Procure-to-Pay Pay Patrick S. Lyons Vice President, Spend & Payment Solutions BMO Financial Group B2B Payments New World Trend: Payment Strategies now include all three Payments (ACH,

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

Working Capital Improvement through Supplier Finance

Working Capital Improvement through Supplier Finance Working Capital Improvement through Supplier Finance It s Not Just for Large Corporates Sean Corrigan Senior Vice President Head of Strategic Trade Solutions Wells Fargo International Trade Services 2015

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

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

Electronic invoicing and payment:

Electronic invoicing and payment: Treasury Management Electronic invoicing and payment: Best practices and strategies for recruiting suppliers A Treasury Management White Paper Table of Contents Executive summary... 3 Paper invoicing and

More information

Accounts payable automation benefits. Facts and best practices by leading analysts

Accounts payable automation benefits. Facts and best practices by leading analysts Accounts payable automation benefits Facts and best practices by leading analysts Evidence of benefits in accounts payable automation Research-based evidence shows that automation is yet again the way

More information

Code of Practice on Electronic Invoicing in Europe

Code of Practice on Electronic Invoicing in Europe Code of Practice on Electronic Invoicing in Europe 24 th March 2009 Version 0.17 Approved by Expert Group Plenary on 24 th March 2009 This Code of Practice on Electronic Invoicing in Europe is recommended

More information

Code of Practice on Electronic Invoicing in Europe

Code of Practice on Electronic Invoicing in Europe Code of Practice on Electronic Invoicing in Europe 24 th March 2009 Version 0.17 Approved by Expert Group Plenary on 24 th March 2009 This Code of Practice on Electronic Invoicing in Europe is recommended

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

Take control. BancPay. Intelligent Cloud Invoicing.

Take control. BancPay. Intelligent Cloud Invoicing. Take control BancPay. Intelligent Cloud Invoicing. What is BancPay BancPay is an intelligent electronic Cloud service that automates the way invoices are handled. As BancPay operates in the Cloud, you

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

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

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 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

February 2015. Are You Ready for E-invoicing?

February 2015. Are You Ready for E-invoicing? February 2015 Are You Ready for E-invoicing? CONTENT Introduction... 3 1. SME Pain Points...4 2. E-invoicing Market... 5 2.1 European e-invoicing market...5 2.2 U.S. e-invoicing market... 6 3. E-invoicing

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

Automated Invoice Matching

Automated Invoice Matching White Paper Automated Invoice Matching Reduce Matching Cycle Times. Increase ROI Version 1.0 Last Updated: 11-06-2010 www.sutisoft.com 1 2 3 4 5 6 7 8 Abstract Introduction Need for Automating Finding

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

NEW MODELS FOR SCF THOMAS FAKHOURI BASWARE FINANCING SERVICES

NEW MODELS FOR SCF THOMAS FAKHOURI BASWARE FINANCING SERVICES NEW MODELS FOR SCF THOMAS FAKHOURI BASWARE FINANCING SERVICES SUPPLY CHAIN FINANCE THE WORKING CAPITAL OPPORTUNITY Today s supply chain finance solutions typically: Offer access to advantageous financing

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

The directive established:

The directive established: e-invoicing The Zanzibar Managed Service and the Government Procurement Card (GPC Visa) enables the implementation of the EU e-invoicing Directive (2001/115/EC) to deliver back-office efficiencies Background

More information

Doing Business with Serco - A Suppliers Guide

Doing Business with Serco - A Suppliers Guide Doing Business with Serco - A Suppliers Guide We recognise the value our suppliers bring to Serco and we want to make it simple to do business with us. This guide will help you understand how to comply

More information

High-Performance Accounts Payable

High-Performance Accounts Payable ACCOUNTS PAYABLE OUTSOURCING BUSINESS PROCESS OUTSOURCING WHITE PAPER High-Performance Accounts Payable Three Key Drivers to Success CONTENTS 2 Introduction 3 Key Metrics for High-Performance AP 4 Best-in-class

More information

Virtual Payments, Real Benefits. Underwritten by

Virtual Payments, Real Benefits. Underwritten by Virtual Payments, Real Benefits Underwritten by Vishal Patel, Research Director Ardent Partners September, 2013 REPORT SPONSORSHIP 1 The views and opinions in this report represent those of Ardent Partners

More information

The Case for Outsourcing Accounts Payable

The Case for Outsourcing Accounts Payable The Case for Outsourcing Accounts Payable Q4 2014 Featuring Insights on... Why companies outsource AP Underwritten in part by What AP functions should be outsourced Benefits of outsourcing AP Executive

More information

CHAPTER 13: PROCUREMENT IN CHAOS - SUPPLEMENTAL MATERIAL

CHAPTER 13: PROCUREMENT IN CHAOS - SUPPLEMENTAL MATERIAL CHAPTER 13: PROCUREMENT IN CHAOS - SUPPLEMENTAL MATERIAL Brian G. Rosenberg From the book The Next Wave of Technologies: Opportunities in Chaos by Phil Simon Electronic Invoicing There is a significant

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

Automate order-invoice matching and payment with esolutions MAP at the core of your organisation s P2P processes

Automate order-invoice matching and payment with esolutions MAP at the core of your organisation s P2P processes Automate order-invoice matching and payment with at the core of your organisation s P2P processes PCCL Purchasing Card Consultancy Limited Exclusive to Visa Europe Fully automated order/ invoice Match

More information

Invoice Receipt Management Report 2015

Invoice Receipt Management Report 2015 Invoice Receipt Management Report 2015 Increasing Electronic Invoice Adoption Through Strategic Automation Featuring insights on...»» Current Market Trends in Invoice Receipt Solutions»» Benefits of Electronic

More information

Electronic Supplier Payments

Electronic Supplier Payments Electronic Supplier Payments Optimizing Working Capital through epayments Q3 2013 Featuring Insights on... Current Demand for Electronic Payments Underwritten in part by enett International Utilizing epayments

More information

Paymode-X: Your Best Option for Order-to-Pay Automation

Paymode-X: Your Best Option for Order-to-Pay Automation Paymode-X: The Largest Business-to-Business Payments and Invoicing Network Paymode-X: Your Best Option for Order-to-Pay Automation Why Automate Your Order-to-Pay Process? Order-to-Pay automation frees

More information

E invoicing: Ready for Prime Time

E invoicing: Ready for Prime Time E invoicing: Ready for Prime Time How a managed service provides a cost effective and efficient transition to electronic invoicing July 2011 Despite today s digital age, of the 30 billion invoices sent

More information

VISA COMMERCIAL SOLUTIONS BEST PRACTICES SUMMARIES. Profit from the experience of best-in-class companies.

VISA COMMERCIAL SOLUTIONS BEST PRACTICES SUMMARIES. Profit from the experience of best-in-class companies. VISA COMMERCIAL SOLUTIONS BEST PRACTICES SUMMARIES Profit from the experience of best-in-class companies. Introduction To stay competitive, you know how important it is to find new ways to streamline and

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

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

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

DOCUMENT MANAGEMENT FROM FILESTREAM

DOCUMENT MANAGEMENT FROM FILESTREAM DOCUMENT MANAGEMENT FROM FILESTREAM WORKFLOW FROM DOCUMATION The speed with which Documation was able to get to grips with Nottinghamshire Police s manual procedures before constructing and delivering

More information

AP Automation Checklist

AP Automation Checklist AP Automation Checklist Use this document to respond each of the common questions that customers ask when defining their AP Automation solution. For any assistance contact Efficiency Leaders support team

More information

Driving Working Capital Op1miza1on from AP - rather than Treasury

Driving Working Capital Op1miza1on from AP - rather than Treasury Driving Working Capital Op1miza1on from AP - rather than Treasury Agenda Introduc1on of Basware Where s Treasury How AP Makes a Difference Unlocking New Value Streams Basware: Our Company Basware: Our

More information

Turning Accounts Payable Into a Strategic Partner: How AP Automation Drives Better Financial Visibility and Decision-Making

Turning Accounts Payable Into a Strategic Partner: How AP Automation Drives Better Financial Visibility and Decision-Making Turning Accounts Payable Into a Strategic Partner: How AP Automation Drives Better Financial Visibility and Decision-Making AN APP2P NETWORK WHITEPAPER SPONSORED BY Turning Accounts Payable Into a Strategic

More information

Analysis. The Opportunity to Automate Accounts Payable. January 2014. Service Areas. Comments or Questions? Digital Peripherals Solutions

Analysis. The Opportunity to Automate Accounts Payable. January 2014. Service Areas. Comments or Questions? Digital Peripherals Solutions Analysis January 2014 The Opportunity to Automate Accounts Payable Service Areas Digital Peripherals Solutions Network Document Solutions Professional & Managed Print Services Comments or Questions? Table

More information

Converga InvoiceMe (einvoicing) Report 2 of 3. Whitepaper

Converga InvoiceMe (einvoicing) Report 2 of 3. Whitepaper Converga InvoiceMe (einvoicing) Report 2 of 3 Whitepaper This is the second in a three part series of papers from Converga which will outline various issues and benefits which revolve around einvoicing.

More information

A/P and A/R: Unrelenting Adversaries or Synergetic Partners?

A/P and A/R: Unrelenting Adversaries or Synergetic Partners? A/P and A/R: Unrelenting Adversaries or Synergetic Partners? New York Cash Exchange Adam Kruis Vice President, Working Capital Consultant June 1 st, 2016 Historical adversaries 2 Historical adversaries

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

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

Managing your finances with Sage 50 Accounts Professional

Managing your finances with Sage 50 Accounts Professional Detailed features of Sage 50 Accounts Professional Online (Software as a Service (Saas)) Managing your finances with Sage 50 Accounts Professional Manage all your VAT tasks in one place With our new VAT

More information

Maximize return on investment with supplier invoice automation

Maximize return on investment with supplier invoice automation Viewpoint paper Maximize return on investment with supplier invoice automation Transform the procure-to-pay process Table of contents 1 Streamline the P2P process 1 Automate supplier invoicing 3 Automate

More information

OXYGEN OVERVIEW WHAT HOW

OXYGEN OVERVIEW WHAT HOW OXYGEN OVERVIEW Oxygen Finance is an innovative Supply Chain company, working with buyers and suppliers to enhance their business relationship by improving Purchase to Pay (P2P) process and invoice payment

More information

West Suffolk Procurement Strategy

West Suffolk Procurement Strategy West Suffolk Procurement Strategy 2014-2016 DOCUMENT SPONSOR Rachael Mann Head of Resources & Performance DOCUMENT AUTHOR Ziaul Quader Procurement Manager DOCUMENT APPROVED BY SEBC 24.06.2014 CABINET ON

More information

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

Overcoming the Challenges of Manual Processes and Driving Efficiencies through ecommerce. PIDX Conference: Calgary, Canada October 2014 Overcoming the Challenges of Manual Processes and Driving Efficiencies through ecommerce PIDX Conference: Calgary, Canada October 2014 Agenda Challenges with Manual Processes Decision to Automate Reaping

More information

Supplier Onboarding in a SIM World

Supplier Onboarding in a SIM World Complimentary Research Procurement Executive Insight Management Issue May 7, 2015 Supplier Onboarding in a SIM World By Amy Fong, Senior Procurement Advisor and Purchase-to-Pay Advisory Program Leader,

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

Nestlé Suisse SA and Nestlé Waters (Suisse) SA are in the process of phasing out paper invoices and moving to electronic invoicing through OB10.

Nestlé Suisse SA and Nestlé Waters (Suisse) SA are in the process of phasing out paper invoices and moving to electronic invoicing through OB10. February 26 th, 2014 Dear Supplier, Nestlé Suisse SA and Nestlé Waters (Suisse) SA are in the process of phasing out paper invoices and moving to electronic invoicing through OB10. We are writing to inform

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

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

DOCUMATION S ACCOUNTS PAYABLE INVOICE MANAGEMENT SOLUTION (IMS)

DOCUMATION S ACCOUNTS PAYABLE INVOICE MANAGEMENT SOLUTION (IMS) 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

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

Nigel Taylor Marketing Director, Head of e-invoicing Solutions

Nigel Taylor Marketing Director, Head of e-invoicing Solutions Global Electronic Invoicing Nigel Taylor Marketing Director, Head of e-invoicing Solutions Electronic Invoicing Global e-invoicing & Challenges Global Tax Compliance Community Collaboration e-invoicing

More information

Visa Acceptance and Enablement. Bank of America Merchant Services - Supplier Strategy April 2009

Visa Acceptance and Enablement. Bank of America Merchant Services - Supplier Strategy April 2009 Visa Acceptance and Enablement Bank of America Merchant Services - Supplier Strategy April 2009 1 Understanding the Partners Acquiring Bank/Merchant Service Providers Enables suppliers to accept and process

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

A Compelling Case for AP Automation in the Cloud

A Compelling Case for AP Automation in the Cloud WHITE PAPER Purchase-to-pay by ReadSoft Author: Daneen Storc December 2012 Copyright ReadSoft - www.readsoft.com A Compelling Case for AP Automation in the Cloud A Compelling Case for AP Automation in

More information

Pitch the paper clips.

Pitch the paper clips. Pitch the paper clips. MetaViewer and Microsoft Dynamics come together for the one fully integrated paperless ERP solution. MetaViewer + Microsoft Dynamics Go beyond the electronic filing cabinet to paperless

More information

Invoice automation: Three keys to AP prosperity

Invoice automation: Three keys to AP prosperity Invoice automation: Three keys to AP prosperity SSO name SSO title Solutions Sales Group Date 2014 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. What if you could... achieve a 37% risk-free

More information

Automating Payables for the SME Market:

Automating Payables for the SME Market: Automating Payables for the SME Market: Diving Head First into AP Automation Waters Q2 2013 Featuring Insights on... The SME Universe Underwritten in part by SME Opportunities and Challenges in Automation

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

Building a Business Case for Procure-to-Pay

Building a Business Case for Procure-to-Pay Building a Business Case for Procure-to-Pay Building a Business Case for Procure-to-Pay 1. Introduction Becoming that well-equipped procurement and supply management organization means recruiting the right

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

Corporate Payables via Virtual Credit Card

Corporate Payables via Virtual Credit Card TREASURY MANAGEMENT Corporate Payables via Virtual Credit Card Presenter: Dan Trbovic Index 1 Industry Evolution 2 Virtual Card Technology 3 Supplier Enrollment 2 Industry Evolution 3 Card Payments: The

More information

2015 AP and Working Capital Report

2015 AP and Working Capital Report 2015 AP and Working Capital Report Capturing Game-Changing Savings with Working Capital Tools Featuring insights on...»» Current Market Trends in Working Capital Software Usage»» Dynamic Discounting Management»»

More information