Scanning and OCR are often the last stop in efforts to streamline invoice processing. However, for organizations dedicated to achieving best practices in accounts payable, they are really just the first step. This session will discuss how a "smart invoicing" approach using the Ariba Network can help finance organizations capture invoices from all suppliers and move to an electronic process that eliminates paper, invoice errors, and supplier inquiries. Leave this session with a blueprint for greater cost savings and contract, PO, and VAT/tax compliance.
Brain Storming – What are the elements of performance measurement in the procure-to-pay (buy-side) and order-to-cash (sell-side) processes?Example:Process efficiency/effectiveness – on-time, price per document, docs per FTE, discount captureCompliance: Sarbox, PO, Contract, VAT/tax, price, vendor, etc.Working Capital – cycle time (eg. DPO, DSO), Supplier (Customer) Management: e-enabled, quality, on-time delivery,
Smart Invoicing: Move Beyond Scanning to Achieve Paperless Invoice Processing