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presents
Accounts Payable Automation
in partnership with
We discuss AP Automation
Kevin MooreSenior AX Solutions Consultant
Over 10,000 clients trust us
International footprint with 60 of the Fortune 100
Experts in financial messaging, document automation, cyber and fraud management
Top UK Microsoft Dynamics partner 2015
Distinguished Dynamics ERP and CRM solution provider: with over 608 years of combined experience
Over 650 Dynamics implementations across multiple industry sectors
Abaid Rana Pre-Sales Consultant FDA
Chris HopperProduct Manager
AP Automation
The challengesSpeedAccuracyCost
Standard AXManual invoice postingManual GRN postingManual attachment of invoice image
The solutionAP Automation
0204060
AP Dynamics AX
Locate p/o
Invoice entry
Confirm price
GRN match
Attach invoice
Std AX Process
In summary
The challengesSpeedAccuracyCost
Standard AXManual invoice postingManual GRN postingManual attachment of invoice image
The solutionAP Automation
0204060
accounts payable automation
AP getting lots of attention
35% of companies have made significant investments in AP automation
23% are currently evaluating the use of AP automation
Workflow overview
Why Invest
Reduc
e ove
rall p
rocess
ing co
sts
Remov
e pap
er for
m AP dep
artmen
t
Acceler
ate in
voice
appro
val cy
cle tim
es
Impro
ve ca
sh man
agem
ent (e
arly p
aymen
t and
late
fines)
Reduc
e Lost
invo
ices
Impro
ve vis
abilit
y into
spend
Better
invoic
e aud
it cap
abilit
ies
Obtain
increm
ental
supp
lier d
ynam
ic disc
ounts
Stren
gthen
supp
lier re
lation
ships
0
20
40
60
Driving Down Invoice Processing Costs
Best in Class Industry Average Laggard$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
Cost per single invoice
Cost per single invooice
AP Automation users have costs 83% below those of their peersSource: Aberdeen Group October, 2013
32% of AP Managers do not know their cost to process an invoiceSource: The Institute of Financial Operations, 2013
Paper Disrupts Processes
Paper adds no valueSlows processes downProne to document lossIncreases storage, filing, retrieval costsReduces visibilityLack security and control
Removing paper from processes improves productivity by 300%
Source: AIIM
“ “
Reducing Invoice Processing Time
Source: Aberdeen Group October 2013
Best in Class Industry Average Laggard0.0 Days2.0 Days4.0 Days6.0 Days8.0 Days
10.0 Days12.0 Days14.0 Days16.0 Days
Days to process single invoice
Days to process single invoice
AP Automation users process 74% faster than their peers
Early Payment Discount - What’s It Worth?
2 / 10 net 30 payment terms
2% return for 20 day investment
Turn AP department into a Profit Center
Number Of Invoices Per Full Time Employee (FTE)
Non Top Pefrormer Top Performer0
5000100001500020000250003000035000
4000045000
Number of Invoices
Number of Invoices
Source The Hackett Group
It is not difficult to find extremes outside of these
under special circumstances
AP Automation helps enforce corporate policies and achieve contract compliance
Ensuring invoices are processed in accordance withProceduresPoliciesRegulations
Must support Sarbanes-Oxley (SOX)
Regulatory Compliance
Exception rates are 85% lower in companies that have employed AP AutomatonSource: Aberdeen Group
demo
Creating the #connectedcompany
Thank you
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+44 (0)20 7451 1200
QuantiQ Technology
@QuantiQTech
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