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03.05.2023 Presentation name1
Challenges with invoice data quality?Tommi Kouhi Tobias Wikström
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Agenda
• Introduction Invoice Automation in OpusCapita’s offering
• Challenges with invoice data quality?– Increase the efficiency – Correlation to purchasing– Error sources
• Three practical examples – Procurement and invoicing working together!
• Closing remarks
•
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OpusCapita by the numbers
Company:
• Founded 1984
• Over 2100 employees
• Revenue €257 million (2015)
Buyer-Supplier Ecosystem:
• 8 000 customers in over 100 countries
• ~100 000 suppliers
• 600 million transactions annually, 200 million processed purely electronically
• 40 million different products bought and sold
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OpusCapita: Extended Purchase-to-Pay
05/03/2023 Presentation name4
Confidentiality03.05.2023 Presentation name5
Challenges with invoice data quality?
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Increasing the efficiency in your invoice processing…
Efficient invoice processing require high adoption ofe-invoicing
+27%
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Purchases and the correlation to invoice processing
05/03/2023 Presentation name7
High adoption of PO is a key indicator for effortless invoice management
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• Process related errors – Buying process– Sell process
• Technical errors– Scanning and OCR – eInvoicing
Error sources
03.05.2023 Presentation name8
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Five key points for successful invoice automation
Get your free copy: http://www.opuscapita.com/whitepapers/5-key-points-for-successful-invoice-automation
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Are we consistently using Purchase Orders?What to do with maverick spend?
Can we improve data quality by increased usage of e-invoicing?
Increasing automation with: “No-PO, No-Pay policy”
Are our invoice approval policies consistent across the company?
How to align the targets throughout the P2P process?
Control & visibility
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2.11.2016 Webinar - Why accurate procurement data is critical to invoice automation10
Closing remarks
http://www.opuscapita.com/events
http://www.opuscapita.com/newsletter/2016/visions-taking-shape/billentis-market-report-from-e-invoicing-towards-broader-digitization