Field Studies Council anticipates savings of up to £100,000 per annum with document management software - Presentation Transcript
and
Field Studies Council
anticipates Savings of up to £100,000 per Annum with
One’
Version One’s Document Management.
Testimonials
“DbArchive has revolutionised our purchase-to-pay cycle”
Mal Westfield, Financial Accounting Mngr, Endsleigh Insurance Services
“Across the business, we are saving over £100,000 per annum”
Alan Doyle, IT Manager, Nichols plc
Version One Introduction
Established in 1989 – experienced
Over 2,000 customers – financially stable
Solely UK based software authors
Represented by partners in 20 countries
Core Systems - Implementations
Sample Customers
Sample Customers
Document Flow
Architecture
Inv
Inv Capture of incoming
oic
oic
ee Electronic Files <XML>
External communications
Internal communications Email
Document Scanning Internal
documents
Barcode OCR
Fax
Incoming Archiving (Scanning) Outgoing Archiving (COLD)
Document Archive
Web
Core Communication
User Access Workflow & <html>
Document
Business gateway &
Approval Systems formatter
Electronic
Files <XML>
Field Studies Council
Field Studies Council
Richard Walker (Finance Director)
Jason Cope (Finance Manager)
Agenda
Background to Field Studies Council
Business Issues
The Solution
Benefits
Why Version One
The Future
Questions
Background – The
Organisation
Established in 1943
Educational Charity for Environmental
Understanding
National Network of 17 Centres
Background – Finance
Function
FMS = Sage Line 500
25,000 Invoices Each Year
All Non-Purchase Order Related Invoices
Invoices Received at Remote Centres
Coding & Approval Before Posting to HQ
Manual Registration of Invoice
Cheque & Remittance Posted to Supplier
Business Issues
Two Key Areas:
Purchase Invoice Processing
Payments and Output
Business Issues – Invoice
Processing
Delay in Invoices Reaching HQ
Inaccuracy Because of Late Arrival
Duplication of Effort
Poor Quality Business Information
Constantly Being Chased By Suppliers
Paper Chase
Internal Postage Costs
Business Issues –
Payments & Output
Costs Associated with Cheque Printing
Stationery Costs
Packaging Envelopes is Time Consuming
Expensive Bank Transaction Charges
Postage Costs
Slow to Clear
The Solution
Invoices Scanned at Centres
Automated Invoice Data Capture
Electronic Invoice Approval
BACS Payments
Automated Delivery of Remittances
Solution Benefits
£100,000 Annual Savings!
Now Meeting Agreed Payment Terms
Number of Chasing Calls & Letters Reduced
90% Less Manual Data Entry
Reduced Stationery Costs & Bank Charges
Freeing Up Time for Centre Managers
Positive Environmental Impact
Why Version One?
Known From Previous Company
Good Reputation
Tight Integration with Sage
Available via Datel - Turnkey
Understood our Processes
The Future
Complete Roll Out to all 17 Centres
Business Intelligence Integration
Use The Technology to Automate AR
Summary & Questions
Business issues
Purchase Invoice Processing
Payments and Output
Savings and Gains
Reduce paper processes
Reduce manual effort
Reduce storage requirements
Support our Green Credentials
Further Details
Visit Version One on stand AF307 for:
White papers
Case studies
Product details
www.versionone.co.uk
Richard Walker, Director of Finance, Jason Cope, Fi more
Richard Walker, Director of Finance, Jason Cope, Finance Manager, Field Studies Council
This case study explains the reasons for implementing document management technology and the benefits realised including time and cost savings, and improved purchase-to-pay efficiency.
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