HOW DIGITIZING PROCURE TO PAY DRIVES MAXIMUM BUSINESS VALUE
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2 HOW DIGITIZING PROCURE TO PAY DRIVES MAXIMUM BUSINESS VALUE
3 SPEAKERS Jonathan Tebeleff Chief Financial Officer New Orleans College Prep Chris Hahn Solutions Consultant Coupa Tana Law SVP and Co-Founder Nvoicepay
4 JONATHAN TEBELEFF New Orleans College Prep Chief Financial Officer
5 NOCP CHALLENGES Pre-K - 12 Charter Schools in New Orleans Paper based processes couldn t keep up with growth AP tasks became time intensive + manual P Card spend with limited financial controls Needed scalable financial control Looking to reallocate back office costs into programs for the kids
6 OUTGROWN PROCESSES Time intensive work flow: Vendors mail + invoices AP hand entering invoices to accounting Send to CFO to approve AP scanning invoices to pdf and uploading a shared file Manual, duplicate effort No PO Budget visibility after the fact No scalability Rarely pay by card CFO approve invoices in accounting and reviewing file of scanned images CFO hand reentering information in Chase bill pay to make payment CEO reviews invoices in accounting and pdfs then goes into Chase bill pay and make payment
7 NEW PROCESS All information in one place Supplier receives electronic order Invoices come in and link to PO (most electronic) Confirm item received (Electronic) CFO review and approve payment Increased financial controls with no extra steps Visibility to budget before buy Automated flow Quicker Approvals Nvoicepay sends return file back to Coupa showing payment method and date Payment file sent to Nvoicepay CEO approves payment. In one place! Payment sent by Nvoicepay
8 NOCP SAVINGS $85,102 Saved Since June 2015 Using Coupa & Nvoicepay
9 NOCP SAVINGS $15,000 in Savings from Coupa Advantage $10,000 in Laptops alone, so that each kid can have a laptop $3.63 savings per payment (savings and rebates on payments)
10 CHRIS HAHN Coupa Software Solutions Consultant
11 DELIVER SAVINGS-AS-A-SERVICE THAT DRIVES PROFITABILITY
12 CREATING MEASURABLE SUCCESS 500+ GLOBAL CUSTOMERS $7.0B+ SAVINGS 175B+ SPEND OPTIMIZED 100+ COUNTRIES ~2M+ SUPPLIERS 20+ LANGUAGES 2M+ DAILY TRANSACTIONS 99.99% UPTIME 100% MOBILE
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14 CHALLENGES WITH INVOICE PROCESSES 52% OF AP LEADERS RATE MIGRATING OFF PAPER-BASED PROCESSES AS THEIR TOP PRIORITY - ARDENT PARTNERS
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16 SUPPLIER PORTAL SUPPLIER ACTIONABLE NOTIFICATIONS SHARED AP INBOX DIRECT CONNECTION PAPER / OCR / LEGACY
17 COUPA ADVANTAGE WHAT? Significant discounts from top suppliers HOW? We negotiate on behalf of all customers ($160B+ Spend) CATEGORIES? Everything from Travel and MRO to Marketing ANY CATCH? Nope. Included. No exclusives. No minimums. DISCOUNTS FROM 5-20+% 2016 Coupa Software, Inc - Confidential
18 MEASURABLE SUCCESS Grew from 3,000 employees to 12,000 employees 300% more invoices with only 10% AP team growth Saved $30M 5 weeks to go live Live with 24 countries and 54K employees Saved $400,000 per year on invoice processing Reduced invoice approval cycle time from 72 hours to 8 hours Processing 1.4M invoices per year Over 80,000 suppliers 95% of suppliers are small and medium businesses
19 TANA LAW Nvoicepay SVP & Co-Founder
20 NVOICEPAY STATS 2,500 Customers 2009: First Payment Simple Bill Payments ACH, Card, Electronic Print Check, Global Payments 275,000 Suppliers : Triple Digit Growth Billions In Payments The Leader in Electronic Payments
21 DELIVERING 100% ELECTRONIC PAYMENTS Driving Bottom Line Profitability 100,000 Payments = $490,000
22 VISIBILITY & CONTROL THROUGHOUT THE PAYMENT LIFECYCLE
23 QUANTUM LEAP IN EFFICIENCY What? We continuously collect and update supplier information Who? We contact ALL vendors Where? We securely store and lock down banking details. Indemnify? We take the responsibility and liability.
24 CUSTOMER ACHIEVE MEASUREABLE RESULTS 1,500 dealerships with $5B in supplier payments $6.2 million in savings and $15 million in rebates 100,000 payments a year and $250 million in AP spend Implemented Nvoicepay s payment automation in 60 days Reduced payment processing costs by 75% Reduced average payment days outstanding by 60 days Added 68 franchise locations without adding AP personnel $5 savings per a payment by moving from paper to electronic
25 NVOICEPAY CROSS-BORDER PAYMENTS Save time, improve visibility, and lower costs. Domestic and cross-boarder payments in one process Complete tracking and visibility Transparent pricing and no hidden fees Pay suppliers in over 170 countries in 2 business days Nvoicepay makes it easier and faster for businesses to grow and scale.
26 TOP SECURITY IN THE INDUSTRY
27 COUPA & NVOICEPAY
28 SEAMLESS P2P FLOW Key Benefits Reduced costs and increased rebates Faster and easier to scale Increased compliance and reduced risk
29 Q&A
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