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Maximize Value, Minimize Cost Webinar
 

Maximize Value, Minimize Cost Webinar

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PayStream Advisor’s latest global survey shows that a large number of companies lag behind in their goals to adopt electronic invoicing. Supplier resistance to pay for electronic invoicing ranked as ...

PayStream Advisor’s latest global survey shows that a large number of companies lag behind in their goals to adopt electronic invoicing. Supplier resistance to pay for electronic invoicing ranked as one of the primary reason organizations are unable to use electronic invoicing.

With highest supplier onboarding rates in the industry, Tradeshift’s free online invoicing solutions for suppliers is revolutionizing global e-invoicing adoption. Join Tradeshift Head of Sales – EU, Alasdair McKenzie to discuss how Tradeshift can help your department lower operational costs and increase ROI by instantly onboarding your suppliers.

If you work in Finance, AP or Shared Services you won’t want to miss this webinar!

Learn:

- How to maximize AP, finance and Shared Services efficiency
- Lower operating costs
- Be a part of a highly interactive Q&A
- Get answers to all of your questions

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  • When you run a business, legal compliance is one of your top priorities. We know that and our compliance team go to great lengths to ensure that the platform is compliant in the countries you operate as an enterprise customer. To date Tradeshift has been certified VAT compliant in more than 30 countries and we are continiously adding to the list. Furthermore our founder team have a background from global standardization in the field of e-business and understand the many legal complexities as well as natural trade-offs between what Tradeshift does and which processes you already have in place internally, so we continually can strike the right balance the business side and the legal requirements, without inventing problems or new costs.

Maximize Value, Minimize Cost Webinar Maximize Value, Minimize Cost Webinar Presentation Transcript

  • Maximize Value,Tradeshift Webinar SeriesMinimize CostPresented byAlasdair McKenzieHead of Sales – Europe
  • AgendaState of e-invoicing and AP automationAchieve 100% invoices with TradeshiftQ&A
  • State of E-Invoicingand AP AutomationWhere are we today?
  • Executive Summary“”AP automation has quickly become a lead componentof a holistic P2P approach. … additional financialbenefits are being revealed that directly impact thebottom line, including the ability to pay invoices on-timeand even capture new discounts. Paying on-time notonly avoids late fees, but it drastically improves therelationship between buyers and their suppliers; somuch so that financial supply chain management is nowbecoming a driver in itself for AP automation.- PayStream Advisors, 2013
  • Motivations for AP Automation4%8%20%28%56%14%24%38%43%Strengthen supplier relationshipsObtaining incremental discountsImprove visibility into spendBetter cash managementReduce overall processing costBetter invoice audit capabilitiesReduce lost invoicesSpeed up invoice approval cycle timesRemove paper from A/P departmentSource: PayStream Advisors, 2013Finance-relatedIt takes an average of 15.9– 17.9 days to process aninvoice and costs $5-$25.Source: Aberdeen Group, 2010
  • Anticipated Efficiency GainsSource: Aberdeen Group, 2010Significant reduction in paper andmanual data entryImprovement in labor productivitywith automated matchingCapture discounts with earlypaymentsTransparency and visibility1,0006-8,000Invoices processedper month per FTEmanual-processing automated-processing
  • E-Invoicing Enables AP AutomationElectronicDataTouch-lessProcessingVisibilityAnalytics &OptimisationE-Invoicing AP Automation
  • E-Invoicing LandscapeWEBEDIFTPERPSUPPLIER BUYERGoodsReceiptMatchWorkflowVendorMasterDataBusiness-specificPayment• Many network operators, limited interoperability• Suppliers charged based on per-transaction fee structure• Invoice message format differ depend on industryverticals, countries, and systemsE-Invoice Networks
  • Barriers to E-Invoicing AdoptionSource: PayStream Advisors, 201344%10%16%10%26%36%56%25%Internal organization barriersIdentify supplier contactsTax complianceInternational / cross border tradingCommunicating benefits with suppliersOffering supplier easy to use toolsIntegration with suppliersCost for suppliersOrganizational-related
  • 70-90% of invoices receivedSource: SWIFT Operations Forum, 2012E-Invoicing RealitySUPPLIER BUYERWEBEDIFTPMatchWorkflowVendorMasterDataBusiness-specificPaymentE-Invoice NetworksERPEmail AttachmentPaperAP ClerksBPO / SSCScanningDataEntry
  • Supply ChainConnectivityAP AutomationE-InvoicingSUPPLIERBUYERSUPPLIERSUPPLIERSUPPLIERSUPPLIERSUPPLIERBUYERSUPPLIERSUPPLIERSUPPLIERSUPPLIERBUYERSUPPLIERSUPPLIERSUPPLIERE-Invoicing AP Automation
  • Tradeshift Solution
  • What is Tradeshift?A SaaS-based business transactions platform for allbusiness interactions between companies - frominvoicing to payments, workflow and more.196Countries500kBusinesses15mil.Invoices$200bnSpend
  • SUPPLIER BUYERSUPPLIERSUPPLIERSUPPLIERSUPPLIERE-InvoiceWorkflow & MatchingVendorManagementSupply ChainFinancingPurchaseOrdersBusiness-specificAppDocumentCapture
  • Value Proposition to Suppliers• One platform to interact with all buyers:– no separate software package needed. Tradeshiftconnect with existing accounting and ERP software– manage business documents includingquotes, purchase orders and invoices– track invoice statuses from receipt to payment– communicate with buyers• Easy-to-use, mobile-optimized web application• It’s completely FREE!
  • Kuenhe+Nagel chose TradeshiftOur aim is to get as close to 100%electronic invoicing as possible, withminimal cost and impact to our suppliers.It was important to us that we did not forcecosts on our suppliers, and we are confidentthat they will recognize the benefits and signup to Tradeshift.Jon Abrahamson,Senior Vice President, IT & Finance“”As a global logistics and freight provider, K+Nhas 165,000 suppliers in 100 countries.
  • Onboarding results after one monthData based on suppliers participating in first wave in UK, US, Netherlands, Austria and Singapore
  • UK’s NHS chose TradeshiftAs one of the largest NHS Shared Serviceorganizations in the UK, we wanted to reduce theburden of handling invoice and reducetransactional costs. We reviewed several solutionsand Tradeshift’s combination of being a free cloudbased platform together with open standards made ita natural choice for us.Allison Balcombe,Business Development Manager, NHS/ASP“”As the worlds 5th largest buyer, UK’s NationalHealth Service (NHS) runs UK healthprograms from hospitals to medicine anddentists.
  • Onboarding results after three monthsData based on suppliers invited May 2011
  • Your Invoices Over TimeElectronic Email PaperTimeVolumeWhat can we do about paper and PDF invoices?
  • Data Capture for Paper & PDFEliminates manual keying andvalidation of paper and PDF invoices.Cloud-based OCR and invoice data capture solution.Converts paper and PDF invoices into e-invoices.No complex on-premise software required.Achieve 100% e-invoicing on day 1Email AttachmentPaperERP
  • Tradeshift – your platform ofchoice for AP automationMaximise strategic value of APand future-proof your business
  • BUYERSUPPLIERSUPPLIERSUPPLIERSUPPLIERSUPPLIERWorkflow & MatchingVendorManagementPaymentsPurchaseOrdersBusiness-specificAppE-Invoice DocumentCaptureConnect all suppliersDeliver all invoices electronicallyAutomate AP processesFuture proof new business needs
  • (call to action)
  • Tradeshift Momentum
  • Q & A
  • Tradeshift BackgroundLaunched in 2010 by creators of Denmark’sEasyTrade and PEPPOL for the EU.EasyTrade(NemHandel)PEPPOL Tradeshift
  • Tradeshift Integration OptionsComplete list of integration options at http://tradeshift.com/integrate/Web ApplicationAccounting packagesERP SystemsCustom IntegrationTradeshift API& File Transfer
  • Compliance with TradeshiftCompliance review prepared on-demand byPwC or KPMG per customer requirements.Documents secured through digital signature and archiving.Tradeshift uses Universal Business Language (UBL), an e-invoicing standard used in more than 100 countries.VAT-compliant in more than 30 countries