Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite"

Transcription

1 Speed, Visibility and Control Best Practice AP Processing in Oracle E-Business Suite Presented by Kevin Ryan, Regional Sales Manager ReadSoft Oracle Solutions

2 Agenda 1. The Dilemma of Manual AP Inefficient Risky Costly 2. The Advantages of Automated AP Processing Hard Savings Soft Savings 3. A Picture of Best Practice AP Processing Simplify Processes Apply Capable Technology

3 The Dilemma of Manual AP Top Pressures Driving Interest in AP Improvement

4 A Day in the Life of an AP Department Manual Environment 15% 15% 35% Data entry Exception handling 35% Vendor Support Source: ReadSoft Customer Survey Audits and Reporting

5 The Dilemma of Manual AP Inefficient Cumbersome processes Physical mail Hand keying and copying of invoices Physical invoice approval routing Excessive or slow communications , fax, mail Ineffective problem resolutions Manual storage

6 The Dilemma of Manual AP Lacks Visibility Delayed receipt Lots of missing invoices Approval process tracking Performance metrics and SLA Accrued liability/ compliance reporting

7 The Dilemma of Manual AP Poor Controls Lack of standard procedures Lengthy audits Difficult to see fraud

8 The Dilemma of Manual AP Cycle Time is Slow Missed discounts Late payment penalties, services cut off Unhappy vendors and poor credit rating Inability to negotiate better terms/pricing

9 The Dilemma of Manual AP Restricts Scalability Unable to increase production volume without Increased staff Increased office space Increased infrastructure Increased supervision

10 Advantages of AP Automation Benefits of Approval Workflow PayStream Advisors, 2013

11 Advantages of AP Automation Hard Savings Dramatically lowers transaction costs Reduction / reallocation of costs associated with manual processing Low TCO Better terms with suppliers Fast ROI

12 Advantages of AP Automation Soft Savings - Speed Shorter processing and payment cycle times Shorter response times Productivity is improved Streamlining of major AP sub-processes Invoice receipt Approval and inquiry Validation and reconciliation Settlements Pre-defined best practice workflows

13 Advantages of AP Automation Soft Savings - Visibility Into the entire process Three points: capture, workflow, ERP Into liabilities and operating expenses Billing discrepancies Overpayments Unclaimed negotiated discounts Contracted payment terms Early payment discounts Late penalty fees Reporting

14 Advantages of AP Automation Soft Savings - Control Simplified, automated invoice and workflow management Based on organization s business rules Improved forecasting and cash management Decreased financial risk through enforced compliance Better coordination and information flow AP Procurement Finance Treasury Suppliers

15 Best Practice AP Processing Process Centralize invoice receipt Institute a No PO, No Pay policy where possible and integrate invoice-to-po matching Reduce paper and physical routing Measure AP performance Once a month or more Enable dashboards Standardize invoice processes Across all locations and units Eases difficulty of identifying root causes or errors

16 Best Practice AP Processing Apply Technology Key Capabilities Ensure that data are shared between solutions and all stakeholders IT Considerations Consistent with Oracle s Strategic Direction Fusion Middleware Ease the transition when you upgrade to R12 Quick implementation Configurable versus customizable Seamless integration

17 Best Practice AP Processing Apply Technology Invest in automation of invoice receipt and workflow Advanced OCR Best practice workflow» Automated PO matching» Accelerated coding» Line level approval

18 AP Automation is Becoming Mainstream Level of Accounts Payable Automation 3% 15% 33% High Medium Low None 49% The Accounts Payable Network, 2012

19 The current state of AP OCR Technology The Institute of Financial Operations, 201

20 Best Practice AP Processing Apply Technology Key Capabilities Other important considerations Cloud Option Mobile Approval Option Vendor Portal Option Reporting Tool Option

21 Graco, Inc. AP Manager, Graco, Inc.

22 Green Mountain Power The users just accepted ReadSoft s solution like it was another piece of Oracle. Purchasing Manager, Green Mountain Power We re able to better manage our money we know what s outstanding in people s workflow, waiting to be coded and then paid. Purchasing Manager, Green Mountain Power

23 Experts in AP Automation About ReadSoft 8,500 customers Market leader in installations Solutions validated by Oracle Supports Oracle E-Business Suite R12 Dedicated Oracle Solutions Lab in Raleigh Delivers low total cost of ownership (TCO) Simple, easy-to-use solutions Global footprint, stable company

24 Questions

25 For More Information

26 ReadSoft Oracle Solution Discussion April X, 2013

27 ReadSoft Corporate Background Raliegh Established in ,500+ customers 590 employees in 17 countries 300+ partners in 70 countries Oracle Platinum Partner ReadSoft Oracle Solution Lab opened in 2005

28 ReadSoft on the map

29 ReadSoft Financials Publicly traded on the NASDAQ OMX, Stockholm s Small Cap List Introduced dividends to shareholders for the first time in 2009 $121M Revenues in 2012 Continuing Positive Cash Flow $12.5M reinvested into business in 2012 Product expansion in Capture, SAP and Oracle landscape on premise and in the cloud

30 ReadSoft North America Serves US and Canada Largest subsidiary Highest profit subsidiary Largest consulting services and training staff 1,200 customers 84 employees Raleigh ORACLE ERP SOLUTIONS LAB New Orleans REGIONAL HEADQUARTERS

31 ReadSoft Oracle Customer Sampling

32 The ReadSoft overall offering Documents All formats, all media Purchase to Pay / Order to Cash Accounts Payable Automation Any ERP Enterprise Capture Any target system

33 The ReadSoft overall offering Capture Integration and workflow Documents All formats, all media Capture Capture Integration and workflow Integration and workflow Partners Any ERP Capture Partner solutions Any target system

34 The ReadSoft ecosystem Document classification Archiving solutions Data capture Core technologies Case management Products Solutions Other ERPs ReadSoft Partners

35 ReadSoft First to Add ERP Workflow ReadSoft was the first capture vendor to fully recognize the importance of adding workflow (SAP and Oracle) to invoice capture. Source: Document Imaging Report, September 18, 2009

36 Acknowledgement Despite some competitive focus on analytics ReadSoft has acquired and partnered for both better technology and process logic. ReadSoft's intelligent capture and its presentation of analytics in the cockpit continue to impress business buyers looking for certified integration, simple process automation and good management insight. Critical Capabilities in Composite Content Applications: Paper Invoice Automation, Toby Bell, Dec 2010

37 Acknowledgement With a wide range of solutions for procure to pay and order to cash, ReadSoft continues to excel at document process improvement surrounding ERP. Critical Capabilities in Composite Content Applications: Paper Invoice Automation, Toby Bell, Dec 2010

38 ReadSoft AP Automation Solution Oracle Validated Integration Operates in the Oracle environment Security and support is guaranteed by Oracle Supports Oracle version upgrades

39 ReadSoft AP Automation Solution Incorporates Oracle BPEL Reuses Oracle approval, and financial and account settings Validates imported data against Oracle rules Automated posting in Oracle AP for payment

40 PROCESSIT Solution Suite PROCESSIT Document Processing Automation for Oracle E-Business Suite Automates the accounting and matching process for incoming invoices. Eliminates manual paper handling, typing, storage & retrieval of invoices. Addresses the needs of the organization including Application Monitoring Tools for IT

41 Invoice Capture Methods Scanning Options Local Remote Disconnected WAN Delivery E-Invoice XML EDI Supplier Workbench E-Form Entry PO Flip ERS

42 Invoice process automation in Oracle EBS 1 Inbound Invoices Invoices in various forms are submitted by suppliers through multiple channels in paper form or electronic format 2 Invoice Capture Verification The captured image and metadata is verified by an operator the first time around and only if needed afterwards 3 Invoice Data Transfer The captured image and metadata is transferred to PROCESSIT 4 Invoice Processing Invoices can be processed in a lights out mode for automatic staging in Oracle Accounts Payable for payment processing or can be routed for GL Account Coding, Matching, and Approval Management 5 Invoices Ready for Payment Invoices are staged in Oracle Accounts Payable 11i or R12 ready for payment

43

44 Automated invoice handling with optimized processing Suppliers Suppliers send invoices via mail, , fax, XML Invoices are interpreted by DOCUMENTS, verified by a user if required, and transferred to PROCESSIT Mailroom Mailroom scans paper invoices OCR-data is sent to ReadSoft DOCUMENTS Standard invoice validations applied Accounts Payable Automatic Match? No Account Coding Yes - Full match! Approval Process according to ERP hierarchy Invoices are ready for payment

45 PROCESSIT Solution Suite Licensed Add-On Modules extends the product, offering improved vendor collaboration, in-depth auditing reports for fraud risk analysis, and mobile device support PROCESSIT Mobile PROCESSIT Auditor Advanced Edition PROCESSIT Supplier Workbench (Web Portal)

46 Automating Invoice Processing in Oracle E-Business Suite

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

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 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

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

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

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

Automating Invoice Processing in SAP Accounts Payable

Automating Invoice Processing in SAP Accounts Payable Automating Invoice Processing in SAP Accounts Payable Applies to: SAP 4.6C, SAP 4.7 Enterprise, mysap ERP 2004, mysap ERP 2004 Summary Paying to the vendor who supplies good or provides services is the

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

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

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

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

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

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

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

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

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

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

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

IT28 GOING PAPERLESS WITH MICROSOFT DYNAMICS NAV 2016. Tom Taylor, Microsoft

IT28 GOING PAPERLESS WITH MICROSOFT DYNAMICS NAV 2016. Tom Taylor, Microsoft IT28 GOING PAPERLESS WITH MICROSOFT DYNAMICS NAV 2016 Tom Taylor, Microsoft YOUR PRESENTER Tom Taylor Partner Technology Strategist, Microsoft 12 years experience Dynamics NAV NAVUG member 9 years 2 SESSION

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

The Road to Financial Shared Services

The Road to Financial Shared Services The Road to Financial Shared Services Q1 2013 Featuring Insights on... Benefits of Shared Services Underwritten in part by Shared Services Challenges Structure of Shared Services AP and Shared Services

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

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

Automated Invoice/P2P Processing

Automated Invoice/P2P Processing Automated Invoice/P2P Processing Business Solutions Reduce processing costs Eliminate bottlenecks and delays Automate invoice capture Automate requisition processes Improve management reporting Improve

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

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

Automated Invoice/P2P Processing

Automated Invoice/P2P Processing Automated Invoice/P2P Processing Business Solutions Reduce processing costs Eliminate bottlenecks and delays Automate invoice capture Automate requisition processes Improve management reporting Improve

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

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

Product Brief. Intacct Financials & Accounting. Intacct General Ledger

Product Brief. Intacct Financials & Accounting. Intacct General Ledger Product Brief Intacct Financials & Accounting Intacct Financials and Accounting includes Intacct General Ledger, Intacct Accounts Receivable, Intacct Accounts Payable, Intacct Cash Management and Intacct

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

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

Increasing Invoice Volume Challenges Accounts Payable Departments, Which Still Rely Largely on Paper Rather than Automation, Study Shows

Increasing Invoice Volume Challenges Accounts Payable Departments, Which Still Rely Largely on Paper Rather than Automation, Study Shows FOR IMMEDIATE RELEASE CONTACT: Diane Sears The Institute of Financial Operations 407-351- 3322 diane.sears@financialops.org Increasing Invoice Volume Challenges Accounts Payable Departments, Which Still

More information

DocSavi. Expert Solution for Accounts Payable Invoice Automation. Accounts Payable Automation and ROI

DocSavi. Expert Solution for Accounts Payable Invoice Automation. Accounts Payable Automation and ROI Changing Role of Accounts Payables Accounts Payable Automation and ROI Over the last 5 years the role of the accounts payable department in all levels of enterprises has dramatically changed. Specifically,

More information

Kofax White Paper. Overcoming Challenges in AP Automation. Executive Summary. Benefits of Accounts Payable Automation

Kofax White Paper. Overcoming Challenges in AP Automation. Executive Summary. Benefits of Accounts Payable Automation Kofax White Paper Executive Summary Accounts payable automation presents unique challenges. It is characterized by large volumes of data, arriving in different formats and media that must be securely received,

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

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

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

More information

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

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

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

Kofax White Paper. Overcoming Challenges in Accounts Payable Automation. Executive Summary. Benefits of Accounts Payable Automation

Kofax White Paper. Overcoming Challenges in Accounts Payable Automation. Executive Summary. Benefits of Accounts Payable Automation Kofax White Paper Overcoming Challenges in Accounts Payable Automation Executive Summary Accounts payable automation presents unique challenges. It is characterized by large volumes of data, arriving in

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

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

Transforming Accounts Payable. Evolving from Administra8ve Necessity to Strategic Partner

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

More information

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

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

More information

How Fortune 500 s Generate Millions with ReadSoft and Dynamic Discounting

How Fortune 500 s Generate Millions with ReadSoft and Dynamic Discounting How Fortune 500 s Generate Millions with ReadSoft and Dynamic Discounting Agenda 1 2 3 4 5 INTRODUCTION MARKET CHALLENGES CASE STUDIES KEY TAKEAWAYS Q & A Who Are We? DAWNETTE BLAKE Treasury Manager Agilent

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

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

Service Procurement process improvement in SAP. Copyright 2008, Advanced Contractor Cost Management Inc. All Rights Reserved 1

Service Procurement process improvement in SAP. Copyright 2008, Advanced Contractor Cost Management Inc. All Rights Reserved 1 Service Procurement process improvement in SAP 1 Objectives Assist the Client in managing an expanding contracted work force using a proven methodology. Provide a SAP based, web enabled software solution,

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

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

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

February 2, 2012 ACCOUNTS PAYABLE BEST PRACTICES

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

More information

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

ACCOUNTS PAYABLE AUTOMATION FOR SAP

ACCOUNTS PAYABLE AUTOMATION FOR SAP ebook: Accounts Payable ACCOUNTS PAYABLE AUTOMATION FOR SAP How Adding AP Workflow Automation to Vendor Invoice Processing Can Make Your AP Operation Best-in-Class Accounts Payable Automation for SAP 2

More information

Accounts Payable 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

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

WHITE PAPER. Is your AP Department Truly Automated?

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

More information

End-To-End Invoice Processing Automation at Land O Lakes. Session #705. Natalie Hawley, Applications Developer

End-To-End Invoice Processing Automation at Land O Lakes. Session #705. Natalie Hawley, Applications Developer End-To-End Invoice Processing Automation at Land O Lakes Session #705 Natalie Hawley, Applications Developer Agenda 1) Opportunities for Improvement 2) Automation Options 3) Oracle s End-to-End Solution

More information

Sarbanes-Oxley Compliance A Checklist for Evaluating Internal Controls

Sarbanes-Oxley Compliance A Checklist for Evaluating Internal Controls Sarbanes-Oxley Compliance A Checklist for Evaluating Internal Controls Companies today are immersed in audits of their internal controls and financial processes in an effort to comply with Section 404

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

ACCOUNTS PAYABLE BUYER S GUIDE

ACCOUNTS PAYABLE BUYER S GUIDE Buyer s Guide: Accounts Payable ACCOUNTS PAYABLE BUYER S GUIDE 15 Questions to Differentiate Vendor Invoicing Automation Solutions Accounts Payable Buyer s Guide 2 Purpose of this Buyer s Guide Looking

More information

2015 Travel and Expense Management Report

2015 Travel and Expense Management Report 2015 Travel and Expense Management Report Increasing Control, Compliance, and Productivity in a Modern Mobile Workforce Featuring Insights on...»» Current Market Trends in TEM Software Usage»» Benefits

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

2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative. Improving State Operations: Kentucky

2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative. Improving State Operations: Kentucky 2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative Improving State Operations: Kentucky Kevin Moore 6/1/2011 Executive Summary: Accounts Payable was a time consuming, inefficient

More information

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

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

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. 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

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

Designing an Optimal Technology Landscape For Accounts Payable Transformation

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

More information

ORACLE PROJECT MANAGEMENT

ORACLE PROJECT MANAGEMENT ORACLE PROJECT MANAGEMENT KEY FEATURES Oracle Project Management provides project managers the WORK MANAGEMENT Define the workplan and associated resources; publish and maintain versions View your schedule,

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

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

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

More information

Accounts Payable. Consolidating AP Workflow. Outside the SAP System. www.esker.co.uk ESKER ON DEMAND

Accounts Payable. Consolidating AP Workflow. Outside the SAP System. www.esker.co.uk ESKER ON DEMAND Accounts Payable Consolidating AP Workflow Outside the SAP System www.esker.co.uk ESKER ON DEMAND Table of contents Introduction... 3 Impact on IT infrastructure and operations... 3 Why businesses automate

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

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

Questions & Responses RFP No. 7700 Automated Accounts Payable Processing Solutions

Questions & Responses RFP No. 7700 Automated Accounts Payable Processing Solutions Q1. Is it a mandatory requirement to be an Oracle ebusiness Certified Partner or will you accept proof of successful implementations with Oracle, i.e., can use pre-existing setups and application security

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

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

Automated Invoice Processing. From Document & Data Capture to Posting, Routing, and Approval

Automated Invoice Processing. From Document & Data Capture to Posting, Routing, and Approval Automated Invoice Processing From Document & Data Capture to Posting, Routing, and Approval Complete invoice automation to optimize your AP processing. Get the power to make better decisions faster and

More information

white paper The Top Seven Reasons to Automate Accounts Payable

white paper The Top Seven Reasons to Automate Accounts Payable white paper The Top Seven Reasons to Automate Accounts Payable White Paper The Top Seven Reasons to Automate Accounts Payable Page 2 Introduction The accounts payable (AP) process is difficult to tame,

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

BENEFITS OF IMAGE ENABLING ORACLE E-BUSINESS SUITE:

BENEFITS OF IMAGE ENABLING ORACLE E-BUSINESS SUITE: Content Management How does it apply to Oracle E-Business Suite? Carol Mitchell C.M. Mitchell Consulting Corporation OVERVIEW: ERP applications do a great job at managing structured data, which is the

More information

Invoice & Workflow Automation Adoption

Invoice & Workflow Automation Adoption Invoice & Workflow Automation Adoption Benchmarking Survey Report Q3 2012 Featuring Insights on... 2012 AP Challenges and Automation Goals Usage of Front End Imaging Solutions Automated Workflow Adoption

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

Oracle White Paper September 2014. Process Automation for Accounts Payable

Oracle White Paper September 2014. Process Automation for Accounts Payable Oracle White Paper September 2014 Process Automation for Accounts Payable 1 Executive Summary As organizations seek to reduce costs and improve efficiency, paper-intensive processes such as accounts payable

More information

Business is a Conversation

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

More information

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

Improve Document Process Flow

Improve Document Process Flow Have you ever thought that removing your paper based Invoicing is possible? Have you ever thought what it would be like to have a fully automated Accounts Payable (AP) or Accounts Receivable (AR) functions?

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

AP Invoice Automation and Workflow System

AP Invoice Automation and Workflow System AP Invoice Automation and Workflow System WHY AUTOMATE ACCOUNTS PAYABLE (AP) INVOICING WHY AUTOMATE ACCOUNTS PAYABLE (AP) INVOICING Enables electronic workflow functionality to provide timely invoice

More information

Kofax White Paper. The Top Seven Reasons to Automate Accounts Payable. Introduction

Kofax White Paper. The Top Seven Reasons to Automate Accounts Payable. Introduction Kofax White Paper The Top Seven Reasons to Automate Accounts Payable Introduction The accounts payable (AP) process is difficult to tame, yet well worth the effort. The reasons for investing in accounts

More information

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

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

More information

Advanced Discounting With Taulia. Save Millions Through your OB10 Investment

Advanced Discounting With Taulia. Save Millions Through your OB10 Investment Advanced Discounting With Taulia Save Millions Through your OB10 Investment Matthew Wright Vice President Client Services @taulia How Taulia Fits into the Express Payments Ecosystem Taulia is an OB10 Technology

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

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

Accounts Payable Automation: Top 9 Reasons to Automate: The Essential Guide to Why Your Business Needs to Automate its Invoice Processing.

Accounts Payable Automation: Top 9 Reasons to Automate: The Essential Guide to Why Your Business Needs to Automate its Invoice Processing. Whitepaper Accounts Payable Automation: Top 9 Reasons to Automate: The Essential Guide to Why Your Business Needs to Automate its Invoice Processing. June 2014 Overview Reducing costs, improving performance,

More information

Accounts Payable. Consolidating AP Workflow. Outside ERP Systems. ESKER ON DEMAND

Accounts Payable. Consolidating AP Workflow. Outside ERP Systems.  ESKER ON DEMAND Accounts Payable Consolidating AP Workflow Outside ERP Systems www.esker.com ESKER ON DEMAND Introduction Today virtually all organizations running enterprise resource planning (ERP) systems know the value

More information

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

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

More information