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Diri 6262013
 

Diri 6262013

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    Diri 6262013 Diri 6262013 Presentation Transcript

    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALCornerstones of AP TransformationMatthew Oakes
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALCorporate OverviewEstablishedCorporate HeadquartersCustomersGlobal ExperienceCertificationsPrimary Offering 2001 Ft. Lauderdale, FL Global 3000 Invoices On-Line (IOL) for AR & AP Automation ePayment Gateway Services
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALWhy Are You Here?7 Common Problems in AP1. Multiple invoice submission formats2. Lack of visibility into cash flow3. Manual data entry4. Too much paper5. Complex workflow approval processes6. AP & procurement not aligned7. Difficulty integrating with existing systemsThe answer : an end-to-end solution
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThe ObjectiveJune 25, 2013Source: PayStream Advisors
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThe Reality in Large EnterprisesJune 25, 2013Sources: Aberdeen Group, IFO, Glenbrook PartnersOnly 25% offirms canauto-postOnly 45% ofinvoicesarrive as e-invoicesOnly 46% offirms usefront-endscanningOnly 19% offirms useOCR/ICR
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALCosts of a Paper-Based Environment
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThe Case for AP Transformation
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALMarket TrendsJune 25, 20138
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALMarket TrendsJune 25, 20139
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALAP Transformation CornerstonesJune 25, 201310InvoicesOn-Line™CompanyProfileVendorManagementE-InvoicingWorkflowprocessingPaymentProcessingSpendManagement/BusinessIntelligenceNetworkParticipationBanks & PaymentGatewayDynamicDiscountManagementSupply ChainFinancingScan & CaptureDynamic structure · Supports complex business patterns & functions · Facilitates dataanalysis & decision-making · Integrates and leverages ERP or financial systems
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALScan and CapturePain Point Costs/inefficienciesassociated withpaper invoicesAP Transformation Scanning & captureof paper/fax/emailedinvoicesBenefits Lower transactioncosts, less keying,faster turnaround,fewer errorsROI Up to 70% reductionin cost to process apaper invoice: IFO
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALCompany Profile and Vendor ManagementPain Point Difficulty managingcompany/vendorinformationAP Transformation Automated datacollection & vendormanagementBenefits Lower data mgmt.costs, streamlinedcompliance, highere-invoicing adoptionROI Reduction of 1-2FTEs: customerexperience
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALe-Invoicing and Workflow ProcessingPain Point Paper invoices costan average of $8.65per trans. to processAP Transformation Electronic invoice,purchase order andworkflow processingBenefit Lower costs, fasterturnaround, fewererrors, more straightthrough processingROI 24%-50% reductionin cost to process aninvoice: customerexperience
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALPayment ProcessingPain Point 61% of businesspayments still madeby paper checksAP Transformation PCI CompliantPayment Gateway:ACH and CardsBenefits Reduced transactioncosts, acceleratedcash flow, facilitateddiscount optionsROI It costs $5-$35 toprocess and pay apaper invoice
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALSpend Management & Business IntelligencePain Point Lack of visibility intocorporate spendingAP Transformation Spend management/business intelligenceBenefits Universal companyprofile management,better spendanalysis, contractcomplianceROI 75% of best-in-classAP orgs have toolsfor managing cashagainst expenses
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALDiscount CapturePain Point Missed opportunitiesfor supplierdiscountsAP Transformation Ability to agree topreset discountterms or dynamicallynegotiate termsBenefit Lower cost of goodsfrom realizingdiscounts, reducedpayment processingcostsROI Capturing earlypayment discountsis important to 80%of companies
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALSupply Chain FinancingPain Point Suppliers want/needfaster cash flowAP Transformation Choice of accountfinancing optionsBenefit Helps buyers andsuppliers meetworking capital andcash flow goalsROI Financially strongersuppliers, enhancedsupplierrelationships
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThe Benefits of AP TransformationJune 25, 201318 Enterprises who have fully-automated all facets ofaccounts payable, such as invoice receipt, approvalworkflow and payment-scheduling processes, haveexperienced the following benefits: 60% lower invoice-processing costs thanorganizations without automated A/P processes 30% higher visibility into organizational cash flow
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALBusiness Drivers Automate AP invoice processing Reduce inquiries from suppliers Improve relationships with suppliersBusiness Results Reduced Costs – Reduced average cost to process an invoice 24% Improved Staff Efficiency – Receives 95% of its invoices electronically andposts 75% of its invoices without operator intervention Increased Productivity – Reduced work flow time from a minimum of fourdays to 12 hours for electronic invoices and 2.5 days for paper Enhanced supplier relationships – Reduced supplier inquiries by 67%“Invoices On-Line has proven to be an effective tool in the transformationof our Accounts Payable automation initiatives with a goal of reducingpaper handling, invoicing costs and supplier inquiries.”Roderick Fields, GSS NA Director of Disbursement ServicesCustomer Profile:• Shared services environmentfor the global powerhouse• Supports more than 50Siemens business units• Processes over 2.4 millioninvoices per year• 60,000 suppliersSiemens Shared Services Case Study
    • Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThank you!Matthew OakesDirect Insitematthew.oakes@directinsite.com