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

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

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

Transcription

1

2 How Your Accounts Payable Strategy Can Boost ROI ADP Procure-To-Pay Jeff White - Director of Implementations Session #1050 2

3 Manual Process : Complex, Slow and Tactical Invoice Processing Price Validation Discount Management Payment Paper Invoice received via mail, or fax Paper invoice routed manually to appropriate approver Research & resolve errors or disputes Manual price checking against negotiated contracts Manual validation of purchase order price against invoice price Manually sort and filter invoices for discount suppliers Low discount opportunity due to processing timelines Check Cut & Payment issued to supplier Print copy of check & attach to paper invoice Maintain bank information for ACH suppliers Invoice coded & approved React to supplier calls offering discounts Manual reconciliation of payments Invoice entered into ERP via manual data entry Manual audit of stale dated checks Invoice ready for payment issue Invoice payment recorded and paper invoice filed Respond to supplier inquiries 18 steps 45 days cycle 3

4 Invoicing and payments The last bastions of paperintensive, high cost and slow business processes? Almost 1/2 of B2B invoices in the U.S. are already electronic 1 and growing at 13% each year 1 Over 1/2 of vendor payments are made electronically and growing at over 5% each year * 4 * Electronic Payments Study, Association of Finance Professionals, 2010 (49% of vendor payments by check)

5 In fact It can cost you 3X more and take 8X longer to process a paper-based invoice compared to an electronic invoice with workflow automation. 5 * Aberdeen Group study, 2010

6 You want to Reduce Cost Improve Visibility Reduce Vendor Calls Accelerate Processes How do you do it? 6

7 Top Technologies that Deliver ROI Electronic Invoicing Automated Workflow Discount Management Payments Processing 7

8 Electronic Invoicing 8

9 Get Rid of Paper Leverage electronic invoicing and outsourced scanning 3 Ways Suppliers ERP Web Paper Conversion Automated approval workflow einvoicing supplier network Scan and index service Payment services Buyers 9

10 Benefits of Electronic Invoicing 10 Source: PayStream Advisors, Inc.

11 The Numbers Prove It! Cost per Invoice Days Cycle Time per Invoice einvoicing -53% -82% Scanning & Workflow Manual Source: PayStream Advisors, Inc. 11 Source: PayStream Advisors, Inc.

12 Automated Workflow 12

13 Top AP Automation Goal - Workflow 13 Source: PayStream Advisors, Inc.

14 Only Manage Exceptions Use automated workflow and configure business rules to route documents and apply coding to invoices A configurable business rules engine Validation against negotiated pricing Rules-based coding on invoices 14

15 Best-in-Class Companies are Automated 15

16 Discount Management 16

17 Missing Early Payment Discounts is Common Companies Missing Discounts Reasons for Missed Discounts 17 *Source: PayStream Advisors, Inc.

18 Increase Capture of Discounts Compress your processing cycles with electronic invoicing and automated workflow to capture additional early payment discounts 45 days 5 days Electronic invoicing Automated workflow Prioritization of invoices Alerts and notifications Escalation of invoices Dynamic discounting 18

19 What is Dynamic Discounting? 19

20 Payment Processing 20

21 Checks are Going Away 21 Source: PayStream Advisors, Inc.

22 Benefits of Electronic Payments 22 Source: PayStream Advisors, Inc.

23 Keeping Track of Progress 23

24 Automated Process: Fast, Efficient and Strategic Invoice Processing Price Validation Discount Management Payment Paper Invoice received via mail, or fax Paper invoice routed manually to appropriate approver Research & resolve errors or disputes Manual price checking against negotiated contracts Manual validation of purchase order price against invoice price Manually sort and filter invoices for discount suppliers Low discount opportunity due to processing timelines Check Cut & Payment issued to supplier Print copy of check & attach to paper invoice Maintain bank information for ACH suppliers Invoice coded & approved React to supplier calls offering discounts Manual reconciliation of payments Invoice entered into ERP via manual data entry Manual audit of stale dated checks Invoice ready for payment issue Invoice payment recorded and paper invoice filed Respond to supplier inquiries 3 steps 5 days cycle 24

25 KPIs that Count 25

26 KPIs that Count Impact of Electronic Invoices on Processing Costs 26

27 Case Study 27

28 20,000 invoices per month 60 days to process Case Study Large Oil & Gas Company 3 month implementation Virtually eliminated lost invoices Vendor inquiries down 75% 60% electronic, 480 vendors 28 99% processed electronically 10 days to process

29 Client Case Study Overview Client Background Client company and its subsidiaries explore, acquire, develop, produce and market natural gas and crude oil Multi-billion dollar company, with operations in in North America and selected international locations, with field offices throughout operated areas Inundated with 10,000 20,000 invoices a month Challenges Challenges with Manual Processes Current e-invoicing provider only converted 17% of incoming invoices to electronic after more than 2 1/2 years AP department was overwhelmed with too much paper and frequently lost invoices Often paying invoices late, missing early-pay discounts, failing to reconcile overages High volume of calls from vendors inquiring into invoice status and seeking payments Solution Solution of Choice One month evaluation period demoing software with client data Three month implementation define workflow logic, develop policies & procedures and determine key integration and interfaces Worked closely with client to formulate supplier enablement strategy and change management/communication plan 29

30 Reaping the Benefits No More Paper Successful Migration from Paper to Electronic 99% of client invoices are processed within the solution 60 percent of invoices are electronically submitted by 480+ vendors 20% of suppliers, accounting for 60% of invoices volume have been on boarded Lost invoices have been eliminated; duplicates significantly reduced WOW Factor Reduced Costs & Processing Cycles Average time to process an invoice reduced from 60 days to 10 83% improvement Number of vendor calls per day reduced from 40 to 10 75% reduction Incremental discounts captured more than pay for annual license fees Lessons Lessons Learned from Automation Supplier enablement strategy is critical for automation project success Underestimated the impact and bottlenecks arriving from in-house scanning Change management is an important component of any technology implementation 30

31 Thank you 31 adp.com/einvoicing

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

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

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

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

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

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

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

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

Creating a Paperless & Profitable AP Department using AP Automation

Creating a Paperless & Profitable AP Department using AP Automation Creating a Paperless & Profitable AP Department using AP Automation Kurt Wachtendorf, APSC, CDIA National Solution Consulting Manager Commerce Bank 1 What Drives Organizations To Want To Change? Going

More information

Making Automated Accounts Payable a Reality www.esker.com

Making Automated Accounts Payable a Reality www.esker.com Making Automated Accounts Payable a Reality www.esker.com Table of Contents Introduction...3 Executive Summary...4 Challenges in Accounts Payable...5 What is the problem?...5 How big is the problem?...6

More information

Automating Accounts Payable. Leaving the Paper Jam Behind. 1.800.682.2187 www.gexchange.com info@gexchange.com

Automating Accounts Payable. Leaving the Paper Jam Behind. 1.800.682.2187 www.gexchange.com info@gexchange.com Automating Accounts Payable Leaving the Paper Jam Behind 1.800.682.2187 www.gexchange.com info@gexchange.com FROM PAPER TO ELECTRONIC THE EVOLUTION OF AP PAYMENT PROCESSING For years now, accounts payable

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

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

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

Electronic Invoice Adoption Benchmark Report

Electronic Invoice Adoption Benchmark Report Electronic Invoice Adoption Benchmark Report Based on the Results of PayStream s einvoice Survey Q1 2013 Featuring Insights on... Centralized vs. Decentralized AP Operations Underwritten in part by AP

More information

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

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

More information

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

About the Speakers Henry Ijams, CAPP/CPM

About the Speakers Henry Ijams, CAPP/CPM Electronic Payments: Six Supplier Savvy Steps Toward epayment Success About the Speakers Henry Ijams, CAPP/CPM Managing Director PayStream Advisors, Inc. Mr. Ijams' 25 years of experience focuses on trends

More information

Invoice and Workflow Automation Progressing Beyond Efficiency to Strategic and Tactical Benefits

Invoice and Workflow Automation Progressing Beyond Efficiency to Strategic and Tactical Benefits Invoice and Workflow Automation Progressing Beyond Efficiency to Strategic and Tactical Benefits Q2 2013 Featuring Insights on... Current Need for Automation Solutions Challenges in the Invoice Management

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

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

uplevl Empower data. Improve business ef f iciency. Go Paperless with End-to-End Accounts Payable Automation: An Uplevl White Paper

uplevl Empower data. Improve business ef f iciency. Go Paperless with End-to-End Accounts Payable Automation: An Uplevl White Paper uplevl Empower data. Improve business ef f iciency. Go Paperless with End-to-End Accounts Payable Automation: An Uplevl White Paper Overwhelmed with piles of paper invoices, purchase orders and contracts?

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

Pitch the paper clips.

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

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

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 Business Case for Automated Solutions from B2B Payment Providers

The Business Case for Automated Solutions from B2B Payment Providers The Business Case for Automated Solutions from B2B Payment Providers Part I. The ROI of Migrating from Checks and Manual ACH to a B2B Payment Solution Provider White Paper: The Business Case for Automated

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

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

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

Operational and Strategic Benefits in Automating Accounts Payable

Operational and Strategic Benefits in Automating Accounts Payable Operational and Strategic Benefits in Automating Accounts Payable REVISED 9/12 Published April 2013. Copyright 2013 by The Institute of Financial Operations All rights reserved. Reproduction or transmission

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

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

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

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

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

The Holy Grail of Accounts Payable

The Holy Grail of Accounts Payable The Holy Grail of Accounts Payable Achieving Truly Holistic Accounts Payable Automation Featuring insights on... Challenges with AP Compliance and Control Among Today s Organizations Shortfalls of Piecemeal

More information

Rethink, Reduce, Recover:

Rethink, Reduce, Recover: Rethink, Reduce, Recover: Provided by: In search of reduced costs, increased visibility and improved cash management, a growing number of companies are automating their accounts payable operations. However,

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

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

Treasury Management. WellsOne Commercial Card

Treasury Management. WellsOne Commercial Card Treasury Management WellsOne Commercial Card $182,000 Average value a company can generate for every $1 million in spending converted to commercial cards, through reduced processing costs, increased discounts,

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

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

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

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

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

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

A CFO Executive Briefing. The Process of Automating Accounts Payable with Workflow

A CFO Executive Briefing. The Process of Automating Accounts Payable with Workflow A CFO Executive Briefing The Process of Automating Accounts Payable with Workflow The Process of Automating Accounts Payable with Workflow 2 Implementing workflow automation in your accounts payable department

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

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

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

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

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

Strategies for Automating Payments and Invoices

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

More information

Web Inv. Web Invoicing & Electronic Payments. What s Inside. Strategic Impact of AP Automation. Inefficiencies in Current State

Web Inv. Web Invoicing & Electronic Payments. What s Inside. Strategic Impact of AP Automation. Inefficiencies in Current State Pay tream A D V I S O R S WHITE PAPER Web Inv Web Invoicing Strategic Impact of AP Automation What s Inside Inefficiencies in Current State Key Drivers for Automation Web Invoicing Components New Automation

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

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

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

Solutions for Accounts Payable Process Optimization

Solutions for Accounts Payable Process Optimization Solutions for Accounts Payable Process Optimization ScerIS is your resource for Accounts Payable Process Optimization (APPO). We help clients do more at lower cost, in less time and with fewer people.

More information

BEST PRACTICES IN AP AUTOMATION

BEST PRACTICES IN AP AUTOMATION MINUTE READ TIME WHITE PAPER ACCOUNTS PAYABLE BEST PRACTICES IN AP AUTOMATION Consolidating Workflow Outside ERP Systems www.esker.com BEST PRACTICES IN AP AUTOMATION Consolidating Workflow Outside ERP

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

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

Annual Expense Management Outlook. T&E Trends and Benchmarks for 2015

Annual Expense Management Outlook. T&E Trends and Benchmarks for 2015 2015 Annual Expense Management Outlook T&E Trends and Benchmarks for 2015 Contents 3 Executive Summary 4 The Manual Expense Process 5 The Benefits of Web-Based Systems 7 Case Study: Superior Energy Services

More information

Accounts Payable. Survey: The Impact of Invoice Automation on Financial Performance INVOICE

Accounts Payable. Survey: The Impact of Invoice Automation on Financial Performance INVOICE Accounts Payable Survey: The Impact of Invoice Automation on Financial Performance INVOICE Contents 3 4 Business Context Research Preview 5-6 Research Insights 7 The Pain Points in Invoice Automation 8

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

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

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

Buried Beneath the AP Paper Crush?

Buried Beneath the AP Paper Crush? Buried Beneath the AP Paper Crush? Simple Steps for Automating Invoice Workflow and Approval within Oracle JD Edwards Environments As seen in Quest Q&A TM Magazine Fall 2007 Issue Today s accounts payable

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

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

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

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

Achieving the Goals of Accounts Payable Automation. White Paper

Achieving the Goals of Accounts Payable Automation. White Paper Achieving the Goals of Accounts Payable Automation White Paper Contents Executive Summary... 2 The Manual AP Process... 2 Goals of Automation... 3 The Automated AP Process... 4 Measuring the Achievement

More information

Liner Cost Management

Liner Cost Management Liner Cost Management Solverminds Solutions & Technologies Pvt Ltd September 2015 1. Introduction Introduction Knowledge and information are the lifeblood of any organization. The effective use of this

More information

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

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

More information

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

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

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

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

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

Collaborative Finance Operations

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

More information

AP & WORKING CAPITAL. Increasing Revenues from Early Payments. Featuring Insights on. Benefits of Dynamic Discounting. Reasons for Missed Discounts

AP & WORKING CAPITAL. Increasing Revenues from Early Payments. Featuring Insights on. Benefits of Dynamic Discounting. Reasons for Missed Discounts AP & WORKING CAPITAL Increasing Revenues from Early Payments Q2 2014 Featuring Insights on... Featuring Insights on Underwritten in part by Benefits of Dynamic Discounting Reasons for Missed Discounts

More information

Guide to Best Practices for Modern Accounts Payable

Guide to Best Practices for Modern Accounts Payable Guide to Best Practices for Modern Accounts Payable Moving from the Back Office to the Hub of Collaboration and Insight Financial automation software is reshaping the role of today s modern accounting

More information

Accounts Payable: Building a Lean and Green Invoice-to-Pay Process. A Dolphin Best Practices White Paper DOLPHIN WHITE PAPER

Accounts Payable: Building a Lean and Green Invoice-to-Pay Process. A Dolphin Best Practices White Paper DOLPHIN WHITE PAPER DOLPHIN WHITE PAPER BUSINESS PROCESS MANAGEMENT Accounts Payable: Building a Lean and Green Invoice-to-Pay Process A Dolphin Best Practices White Paper Copyright 2010 Dolphin, West Chester, PA All rights

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

Streamline the Processing of All Your Invoices

Streamline the Processing of All Your Invoices SAP Brief SAP Ariba s Ariba Invoice Professional Objectives Streamline the Processing of All Your Invoices Invoice capture and workflow for accounts payable excellence Invoice capture and workflow for

More information

U.S. Bank Access Online

U.S. Bank Access Online U.S. Bank Access Online Overview U.S. Bank Access Online provides organizations with real-time access to their commercial card programs anywhere, anytime, within a secured environment. This powerful proprietary

More information

OneContent 17.0 Manage Content Across The Enterprise

OneContent 17.0 Manage Content Across The Enterprise Care Providers - Hospitals Enterprise Content Management / Document Management OneContent 17.0 Manage Content Across The Enterprise Benefits OneContent helps organizations: Healthcare organizations generate

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

Driving Efficiency in Accounts Payable Processing

Driving Efficiency in Accounts Payable Processing Driving Efficiency in Accounts Payable Processing An Optika Industry Spotlight The Business Challenge As companies look for ways to contain costs and gain competitive advantage in an uncertain economy,

More information

An Oracle White Paper July 2013. Delivering a Cost Efficient and Integrated A/P Automation Solution with Oracle WebCenter Imaging

An Oracle White Paper July 2013. Delivering a Cost Efficient and Integrated A/P Automation Solution with Oracle WebCenter Imaging An Oracle White Paper July 2013 Delivering a Cost Efficient and Integrated A/P Automation Solution with Oracle WebCenter Imaging Executive Overview... 1 Introduction... 2 Levels of A/P Automation... 5

More information

Invoice Automation. Invoice Automation Challenges

Invoice Automation. Invoice Automation Challenges Invoice Automation Invoice Automation Challenges Companies of all sizes face the challenge of operating streamlined business processes to reduce costs while maintaining or increasing process consistency.

More information

Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings

Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings VISA COMMERCIAL SOLUTIONS visa accounts payable automation white paper Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings Author: Nick Marchetti, Senior Business Leader, Visa Inc.

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

Special Report: The Future of AP

Special Report: The Future of AP The Future of Accounts Payable Five Top Transformative Changes Coming to AP What lies ahead for Accounts Payable and Shared Services? In these highly volatile and challenging economic times, can AP leverage

More information

CORPORATE LIQUIDITY. AVANTGARD epayment Services Leaving the check behind with an integrated payments service

CORPORATE LIQUIDITY. AVANTGARD epayment Services Leaving the check behind with an integrated payments service CORPORATE LIQUIDITY AVANTGARD epayment Services Leaving the check behind with an integrated payments service B2B CHECKS RACK UP $25 BILLION IN PROCESSING COSTS ANNUALLY AFP Electronic Payments Survey Leaving

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

The Internet Payment Platform. FMS Regional Financial Centers Payment Management Customer Conference

The Internet Payment Platform. FMS Regional Financial Centers Payment Management Customer Conference The Internet Payment Platform FMS Regional Financial Centers Payment Management Customer Conference Agenda IPP Overview Intra-governmental Buy/Sell Modernization Project Department of Interior Bureau of

More information

Four Steps to Invoice Automation. From Manual to a Fully Electronic Purchase-to-Pay Process

Four Steps to Invoice Automation. From Manual to a Fully Electronic Purchase-to-Pay Process Four Steps to Invoice Automation Table of Contents 1 Executive summary 2 Four essential steps when automating invoice processing Step 1 - Audit your current process, set the goals for improvement and start

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