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Procure-to-pay Overview for Operations Executives
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The ADP logo is a registered trademark of ADP, Inc. ADP® Procure-to-Pay Solutions is a trade-mark of ADP, Inc. and/or ADP P2P Canada, Inc. All other trademarks and service marks are the property of their respective owners. All rights reserved. ©2010 ADP, Inc. 04-3420
Automating the procure-to-pay process can reduce invoice approval time by 58%1, increase early payment discount capture by 250%2, and track costs in real-time
Accelerate Your BusinessYour Operations and field staff are some of the busiest people in the company, yet they spend a significant amount of time reviewing and approving invoices. ADP can remove this burden and free your staff to spend time on higher value work.
ADP® Procure-to-Pay Solutions help drive better results to your bottom line. How? Through tangible value in five key areas:
Full cycle transactions •Process automation •Price compliance •Discount management •Cost visibility •
Full Cycle TransactionsThe P2P process is typically buried in paper and burdened with manual, error-prone processes. ADP can help you achieve cost savings and reduce cycle time up to 80%, because we manage all of the critical transactions in the full cycle of the procure-to-pay process: order, receipt, invoice and payment.
Process AutomationADP Procure-to-Pay Solutions can:
Automate routing and approval •Handle disputes online – no more telephone or email tag •Eliminate lost invoices •Automate coding •Match receipts to invoices at the line-item level •Provide suppliers with real-time invoice status •
ADP® Procure-to-Pay SolutionsOverview for Operations Executives
Price ComplianceApprovers typically need to review the invoice for accuracy and pricing for non-PO invoices, which requires matching of an invoice against a contract. A recent Aberdeen Group study found that even in best-in-class companies, 11.7% of invoices do not match contracted pricing 3. ADP can simplify your price-checking process by eliminating the time required to manually check invoices against orders or contracts, even for non-PO invoices.
Discount ManagementA paper process makes it difficult or impossible to capture early payment discounts. ADP’s electronic order, receipt and invoice adjudication reduces approval times by up to 80%, capturing these discounts and driving the savings to your company’s bottom line.
Cost VisibilityThere is often a significant delay from the time costs are actually incurred to the time that the invoices get processed and posted for payment. The problem? Costs aren’t visible for up to 90 days. With ADP Procure-to-Pay Solutions, you get:
Real-time cost visibility •Accurate estimating and accruals •Improved tracking of costs against budget •
1 Aberdeen Group, “Invoicing and Workflow,” April 20102 The Hackett Group, “Automating the Invoice Process: Optimizing the Approach and
Building the Business Case,” October 22, 20083 Aberdeen Group, “The CFO Dilemma: To Pay or Not to Pay,” December 2007