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Interested in deploying e-invoicing but not sure where to start? Part One of our 30-Minute Matters AP Automation series tackles the most frequently-asked questions about e-invoicing, and supplies the much-needed answers. Find out: • Whether you should outsource scan & capture functions or handle them in-house • What the biggest barriers are to making your e-invoicing project a success • How soon you can realize ROI with e-invoicing • And more
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Buyer’s Guide AP Automation
Top 5 E-Invoicing Questions, Answered AP Automation Series: Part 1
Agenda Inefficiencies in Current State
Changing Role of Accounts Payable
Different Stages of AP Automation
Know Your Options
Evaluation Checklist
Product Demo
Stages of AP Automation E-Invoicing Basics Top 5 E-Invoicing Questions Summary
BEST IN CLASS AP Department download asset
Q: What is Electronic Invoicing?
A:100% electronic format. Digital from creation, an e-invoice is issued, received, and processed electronically.
An e-invoice is not:
Why use e-invoices?
The Benefits of e-invoicing
Reduced costs Increased accuracy Faster processing and payment cycles Improved visibility Improved dispute handling Starting point for best-in-class
Supporting Fact: …56% businesses experienced higher cost saving per invoice by implementing e-invoice systems then those that did not.
Reducing Paper, Reducing the Pain
Source: Aberdeen Group 2012
Q 1: At what invoice volume does it make sense to consider e-invoicing? A1: You should start seeing ROI if you process a minimum of 800 invoices per month.
Q 2: Should I outsource scan & capture or do it in-house?
In-house Outsourced
Upfront investment in hardware/software No upfront costs
Maintenance costs No maintenance costs
Interruptions due to hardware/software issues No interruption in service
Employee training No training necessary
Storage capacity for backup documents
NO PAPER!
Q 3: What are the biggest barriers to a successful e-invoicing project?
Q 4: How will a move to e-invoicing affect my suppliers?
Faster payments Reduced costs Fewer rejected invoices Accurate account reconciliation Improved customer satisfaction
Q 5: What’s the best way to measure our return on investment?
Source: Aberdeen Group 2012
$16.67 $3.34
$13.33
We converted to e-invoicing, now what?
Begin automating your AP functions…
Taking your AP Dept to the next level
E-invoices are not pdfs, emails, or faxes E-invoices are 100% electronically digital from creation E-invoicing streamlines payments to suppliers E-invoicing can cut processing costs up to 56% E-invoicing is the first step in AP automation
Summary
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