AP Automation Best Practices and Trends Oracle E-Business Suite

Size: px
Start display at page:

Download "AP Automation Best Practices and Trends Oracle E-Business Suite"

Transcription

1 AP Automation Best Practices and Trends Oracle E-Business Suite October 17, 2012

2 Agenda The challenges of efficiently processing invoices Technology Evolution Invoice Capture ERP Integration Oracle EBS Bridging the Gap 11i to R12 Performance Benchmarking Kevin Ryan Oracle AP Automation Solutions Readsoft North America

3 Top pain points for AP processes Source: PayStream Advisors Financial Automation Survey

4 What are the Business Issues we see? Accounts Payable Management Repetitive manual data entry Line item matching Low quality of data caused by human error Cost control / high A/P operational costs Inefficient invoice storage and retrieval Invoices get lost, fraudulent invoices, duplicates Penalty for late payments Poor supplier service levels Challenges with financial reporting Cash management Corporate compliance / Sarbanes-Oxley

5 A Day in the Life of an AP Department ReadSoft solutions handle 87% of these tasks 9% 7% 6% Data entry 32% Exception handling 12% Supplier inquiries 13% Source: ReadSoft Customer Survey 21% Maintenance of supplier data Payment management Other Employee payments

6 AP Technology Evolution Source: PayStream Advisors 2010

7 Industry Research about AP Automation AP processes can be drastically improved with automation Especially in the areas of invoice receipt, matching and approval workflow Even small and mid-sized businesses are adopting Drives best-in-class AP performance 92% lower invoice processing costs 81% faster invoice processing cycle time Source: The Aberdeen Group: Imaging and Workflow April 2011.

8 Four Key Benefits of AP Automation I. Efficiency Shorter processing and payment cycle times Shorter response times; productivity is improved by reducing time wasted in low-value activities Streamlining of major AP sub-processes Invoice receipt Approval and inquiry Validation and reconciliation Settlements II. Visibility Into the entire flow of AP processes Into liabilities and operation expenses Into billing discrepancies and overpayments, unclaimed negotiated discounts, contracted payment terms, early payment discounts, and late penalty fees

9 Four Key Benefits of AP Automation III. Cash Flow Management Opportunity to negotiate better terms with partners Lower transaction costs Discount Capture Performance Area Invoice processing costs Processing cycle time Late payments Staff time responding to inquiries Best-in-Class Advantage 91% lower 46% shorter 12% fewer 30% less IV. Control Simplified management of invoices and workflow & elimination of manual, paper-based processing Improved forecasting & management of near-term cash management requirements Decreased financial risk Better coordination and information flow among key stakeholders such as AP, procurement, finance, treasury and suppliers Source: The Hackett Group: Automating the AP Process June 2010

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

11 OCR Paper and Image Extraction Advanced vs. Template Based Memorization Line item detail extraction

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

13 Integration Conventional Integration Challenges Batch Based Integration or Custom Code Not real time Hourly or Daily updates Automated matching very complex Separate Products Independent data management, storage and archival Lots of Professional Services OCR Workflow Vendor PO Data Vendor PO Data Receiver Invoice Post Status ERP

14 Integration Real-Time Persistent Benefits Persistent Single Point Real-Time Connection Designed for EBS Fixed Cost Services ERP Upgrade Assurance Integrated Source Data Approval levels, groups and assignments Tolerance COA Distribution Sets/ Aliases Supplier Management Matching Payment Data Receivers OCR WOKFLOW ERP

15 MANAGEMENT and REPORTING Predefined reports for Production, AP and CFO reports Audit History and Compliance Discount Management Dynamic Discounting Key Performance Indicators Cashflow Management

16 There is a lot you can do Manual keying: Eliminate Verification and validation: Reduce costs dramatically Registration and allocation: Reduce costs Personal copies: Eliminate Archiving : Reduce costs dramatically Late payment penalties : Eliminate Write-offs : Reduce Early pay discounts: Get them

17 Invoice Automation it s a good thing Aberdeen Group The use of electronic integration, messaging, reconciliation and reporting solutions in accounts payable reduced transaction cost between 63% and 67%. Most companies have moved to a shared services model to improve policy and process compliance. Yet, only 3% of accounts payable processes reported having a high-level of automation. 79% of AP managers see "automation" as the key enabler to future success. The invoice reconciliation and payment solution framework addresses invoice receipt, approvals, reconciliation and payment considerations for solution selection. (From the Electronic Invoicing Solution Selection Report)

18 Better control and security Fast and simple electronic distribution Full control of your document flow Electronic account coding and payment authorization Easily accessible information High security SOX compliance support 40-60% cost savings

19 ReadSoft PROCESSIT Architecture High level workflow description AUTOMATING ACCOUNTS PAYABLE

20 Upgrading to EBS R12.1 Many organizations took a wait and see approach to R12 Need to consider customizations in R11.x EBS R12 is the bridge to Fusion Applications AP Automation can Bridge the GAP from 11i to R12 Understand the transition process If you are considering or in process of R12.1 upgrade, be sure any vendor applications are validated through Oracle.

21 ReadSoft AP automation solution - Validation by Oracle Thoroughly tested and approved Operates in your familiar Oracle environment Security and Support is guaranteed by Oracle Supports Oracle version upgrades

22 Oracle integration Business Needs Oracle Integration ReadSoft Solution Oracle validation for PO, supplier, site, duplicate invoice, contact person etc. Use of E-Business Suite components such as legal entity, GL code combinations, users, employees, responsibilities, hierarchies, AP/PO options, Oracle standard workflow engine, profile options etc. More accurate information, using existing Oracle set-up: Automatically assigns organization code Automatically assigns supplier/site Prevents duplicate invoices Checks for valid PO Uses existing COA, code combination, Hierarchies etc. Uses Oracle standard workflow engine Uses standard Oracle validation rules & hold codes

23 Single source vendor Business Needs ReadSoft Solution One Stop Shop The OCR to Oracle solution for automated AP processing on the market developed and supported by the solution provider We can provide customers with support for all areas of the solution no grey areas Because document recognition and Oracle workflow components are from the same company: You only need to call ReadSoft Same solution across the world, software, implementation & support Upgrades guaranteed to work No risk with multiple vendors Product roadmap known

24 Low risk Business Needs ReadSoft Solution Proven Solution Industry leaders in AP Invoice automation More installations than any other solution provider Low risk for our customers: Market leader Experts in OCR Experts in AP Experts in Oracle

25 Invoice Automation in practice: Graco Graco, Inc. World leader in fluid handling systems and components Pain Points: Too much time wasted keying invoices Too many lost discounts Couldn t locate invoices Low visibility Invoice Automation Results: Initial goals set for two years were met within the first six months Staff cut in half within the first four months Average invoice processing time dropped from 24 days to 9 70% of invoices are not touched by staff

26 What you can learn from Graco s experience AP process automation can pay big benefits with Thoughtful preparation Identifying needs and goals Assigning & empowering staff resources Consider implementation phases & schedules Be prepared to adapt and adjust, but Always keep the scope of each phase as a touchpoint 27

27 Additional Customer Successes Vodafone Processed 50% more invoices in 2 nd month after implementing ReadSoft Kellogg s 50% of PO-based invoices go from Scan to Post untouched Green Mountain Power Enabled to take early payment discounts, greatly reduced vendor calls, and majority of top vendors are now enabled to send PDFs instead of paper Alcan Significant reduction in manual processing, data entry, filing and retrieval; majority of PO-based invoices automated Sheridan 3-month installation, including testing and go-live; able to negotiate significant discounts; able to process more invoices with fewer people; able to report in real-time on vendor spend

28 When Considering AP Automation Know the difference between it can and it does Questions and dialogue with potential vendors Was it designed to work in your environment? Know yourself Are you hands-on ready or do you expect turn key? How involved in detail planning & process implementation can you/do you want to be? Start with an assessment Don t underestimate the culture fit Know where you are today and where you want to go 29

29 Benchmark Your Performance The Hackett Group has developed a tool with ReadSoft to help you benchmark your AP process performance Comparison to world class organizations, peer groups and median performance A ReadSoft consultant will walk you through the assessment tool and provide an actionable report 92.0% 90.0% 88.0% 86.0% 84.0% 82.0% Percentage of payments made within terms World-Class Median Classification Overall Peer Median Sm Consolid Median Lg Consolid Median Sm Diverse Median Lg Diverse Median Customer input Accounts Payable - Invoices per FTE 25,000 World-Class Median 20,000 Overall Peer Median 15,000 Sm Consolid Median 10,000 Lg Consolid Median 5,000 Sm Diverse Median - Lg Diverse Median Classification Customer input

30 THANK YOU

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

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

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

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

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

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

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

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

Accounts Payable Outsourcing

Accounts Payable Outsourcing Accounts Payable Outsourcing OVERVIEW- ACCOUNTS PAYABLE PROCESSING The findings of a recent accounts payable study highlights the common errors and issues faced by the accounts payable department. They

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

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

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

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. 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

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

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

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

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

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

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

Secrets of World-Class Accounts Payable Departments

Secrets of World-Class Accounts Payable Departments Executive Brief Secrets of World-Class Accounts Payable Departments What the Best-in-Class AP departments do that make them stand out from their peers World-class AP departments know something you don

More information

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

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

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

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

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

More information

Accounts Payable 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

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

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

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

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

Pitch the paper clips.

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

More information

Invoice 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

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

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

Contents. best practices

Contents. best practices best practices document management solutions Achieve Best-in-Class Performance by Challenging Old Assumptions 5 Myths About Accounts Payable Automation Debunked Contents 1 The Accounts Payable challenge

More information

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

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

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

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

SUPPLIER INVOICE WORKFLOW EINVOICE Efficient automated workflow 2010 IFS

SUPPLIER INVOICE WORKFLOW EINVOICE Efficient automated workflow 2010 IFS www.ifsworld.com SUPPLIER INVOICE WORKFLOW EINVOICE Efficient automated workflow THOMAS PETERSON LEIF JOHANSSON SENIOR ADVISOR - FINANCIALS BUSINESS SOLUTIONS CONSULTANT AGENDA SUPPLIER INVOICE WORKFLOW

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

A Compelling Case for AP Automation in the Cloud

A Compelling Case for AP Automation in the Cloud WHITE PAPER A Compelling Case for AP Automation in the Cloud ROCC Computers Ltd Stanford Gate South Road Brighton BN1 6SB Tel: 01273 274716 Email: info@rocc.co.uk Author: Andrew Westhead Date : February

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

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

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

Basware Invoice Automation Demonstration

Basware Invoice Automation Demonstration Basware Invoice Automation Demonstration Better Buying, Better Selling, Connected Commerce with Basware Thomas Noe Presales Engineer Mobile: 917-207-7689 Email: thomas.noe@basware.com Rich Roberts Account

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

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

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

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

Public Sector e-invoicing

Public Sector e-invoicing Public Sector e-invoicing Cutting Costs & Improving Service V8 20141201 Simple Business Case for e-invoicing To process an e-invoice takes a best-in-class organisation² 4 It costs just 4.77* to process

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

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

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

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

Integrating Payables and Receivables to Unlock Working Capital

Integrating Payables and Receivables to Unlock Working Capital Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management

More information

Multi Channel Invoice Processing the way forward

Multi Channel Invoice Processing the way forward Multi Channel Invoice Processing the way forward eflow GUIDE: ONE PLATFORM. MULTIPLE SOLUTIONS Top Image Systems A Guide to: Multi Channel Invoice Processing Money makes the world go round, or so they

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

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

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

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

A CFO s Perspective on How Supply Chain and Finance can Collaborate to Deliver Value Joselito Diga CFO, Unilab

A CFO s Perspective on How Supply Chain and Finance can Collaborate to Deliver Value Joselito Diga CFO, Unilab A CFO s Perspective on How Supply Chain and Finance can Collaborate to Deliver Value by Joselito Diga CFO, Unilab SUPPLYLINK 2012 CONFERENCE Philippines Institute of Supply Management 19-20 April 2012

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

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

5 Traits That Define World Class Performance in P2P. 5 th February 2015

5 Traits That Define World Class Performance in P2P. 5 th February 2015 5 Traits That Define World Class Performance in P2P 5 th February 2015 Sponsored by: Presented by: Presenting your speakers Susie West Founder and CEO sharedserviceslink Amy Fong Purchase-To-Pay Program

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 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

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

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

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

Intelligent Data Capture as an Onramp for Energy Management. Sandy Patel VP, ECM Solution Sales CDIT Inc. spatel@cdit.com

Intelligent Data Capture as an Onramp for Energy Management. Sandy Patel VP, ECM Solution Sales CDIT Inc. spatel@cdit.com Intelligent Data Capture as an Onramp for Energy Management Sandy Patel VP, ECM Solution Sales CDIT Inc. spatel@cdit.com Today s Agenda Building a Case for Automation Why Energy Business Intelligence is

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

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

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

Invoice Processing. Start today: Jump-Start Solution for Finance:

Invoice Processing. Start today: Jump-Start Solution for Finance: 2 Processing Reduce the cost of AP by automating approval of valid invoices and streamlining discrepancy resolution Finance Professionals: The Big Picture & The Things You Can Address Today The Spend Control

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

Chaos to Clarity. Why Strategic CFO s Demand AP Automation 43% 55% 75% Written by Bottomline Technologies

Chaos to Clarity. Why Strategic CFO s Demand AP Automation 43% 55% 75% Written by Bottomline Technologies Chaos to Clarity Why Strategic CFO s Demand AP Automation 55% 43% 75% Written by Bottomline Technologies Chaos to Clarity Why Strategic CFO s Demand AP Automation What s at the top of the modern CFO s

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

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

Designed to Deliver Value

Designed to Deliver Value Simple. Economical. Powerful. Designed to Deliver Value ENTERPRISE CONTENT MANAGEMENT FOR ORACLE E-BUSINESS SUITE CUSTOMERS IMAGE EXPRESS Simple. The MHC Image Express Enterprise Content Management solution

More information

INVOICES 5-5. The world s most popular gateway to electronic invoice processing

INVOICES 5-5. The world s most popular gateway to electronic invoice processing INVOICES 5-5 The world s most popular gateway to electronic invoice processing Electronic invoice processing is extremely profitable Can your company afford the traditional, manual handling of supplier

More information

Streamline Accounts Payable Processes with Cloud-Based Electronic Invoicing

Streamline Accounts Payable Processes with Cloud-Based Electronic Invoicing SAP Brief Ariba s Cloud-Based Financial s Ariba Invoice Management Objectives Streamline Accounts Payable Processes with Cloud-Based Electronic Invoicing Achieve touchless invoice processing on a global

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

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

Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter. October 1, 2009

Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter. October 1, 2009 Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter October 1, 2009 Supply Chain Risk Overview * Today s Focus * Includes Working Capital benefits 1 2009 Protiviti Inc. An Equal Opportunity

More information

Accounts Payable SMBs and their pain points

Accounts Payable SMBs and their pain points Accounts Payable SMBs and their pain points A survey of Finance departments in small and medium-sized businesses in Europe Canon (UK) Ltd Canon (UK) Ltd Canon Ireland canon.co.uk Woodhatch Reigate Surrey

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

WHAT CAN ONBASE & ORACLE E-BUSINESS SUITE DO FOR YOU?

WHAT CAN ONBASE & ORACLE E-BUSINESS SUITE DO FOR YOU? WHAT CAN ONBASE & ORACLE E-BUSINESS SUITE DO FOR YOU? ONBASE // PUTS YOUR WORLD OF INFORMATION IN YOUR HANDS Puts Your World of Information in Your Hands We chose OnBase because we thought we could get

More information

E-INVOICING A COMPANY-WIDE PROJECT?

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

More information

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

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

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

AP Automation Checklist

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

More information

SAP Invoice Management and OCR. Morten Jammer Senior Solutions Consultant (OpenText Australia) 15 August, 2013

SAP Invoice Management and OCR. Morten Jammer Senior Solutions Consultant (OpenText Australia) 15 August, 2013 SAP Invoice and OCR Morten Jammer Senior Solutions Consultant (OpenText Australia) 15 August, 2013 The Numbers $1.2b+ Global Revenue 1.5 Million Users #1 in ECM ~5,500 Employees $1b R&D Investment 20 Years

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

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

Accounts Payable Transformation. Better, Faster, Cheaper

Accounts Payable Transformation. Better, Faster, Cheaper Accounts Payable Transformation Better, Faster, Cheaper December 2007 Page 2 Executive Summary Enterprises constantly seek ways to drive savings to their bottom line and establish process efficiencies

More information