Your SlideShare is downloading. ×
Diri 6262013
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
229
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALCornerstones of AP TransformationMatthew Oakes
  • 2. 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
  • 3. 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
  • 4. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThe ObjectiveJune 25, 2013Source: PayStream Advisors
  • 5. 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
  • 6. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALCosts of a Paper-Based Environment
  • 7. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThe Case for AP Transformation
  • 8. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALMarket TrendsJune 25, 20138
  • 9. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALMarket TrendsJune 25, 20139
  • 10. 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
  • 11. 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
  • 12. 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
  • 13. 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
  • 14. 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
  • 15. 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
  • 16. 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
  • 17. 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
  • 18. 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
  • 19. 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
  • 20. Direct Insite Corp. Copyright © 2013COMPANY CONFIDENTIALThank you!Matthew OakesDirect Insitematthew.oakes@directinsite.com

×