“ Reducing operating costs is number one priority in 2010!”  SOURCE: Aberdeen Group Feb 2010. Nationwide Leader in Busines...
<ul><li>What are the biggest barriers organizations face in automating accounts payable? </li></ul><ul><li>Lack of knowled...
<ul><li>Top 10 Reasons to Automate Accounts Payable </li></ul><ul><li>Reduce Costs </li></ul><ul><li>Increase Efficiencies...
<ul><li>What is the main problem that you need accounts payable automation to correct? </li></ul><ul><li>Too much paper </...
<ul><li>The number one priority for companies in 2010 </li></ul><ul><li>73% of surveyed companies  “Reducing operating cos...
How many invoices is your organization processing each year?  On average, it costs an accounts payable departments between...
<ul><li>How many AP staff are processing invoices in your organization?  </li></ul><ul><li>10 FTE’s processing invoices @ ...
What if you could eliminate paper invoices and reduce manual data entry by 99%...???? Reducing operating costs is number o...
Nationwide Leader in Business Process Solutions
<ul><li>What are the benefits to SmartAP Service </li></ul><ul><li>Nothing to buy </li></ul><ul><li>Eliminates manual data...
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions
PO Table Match  Vendor Master Match Nationwide Leader in Business Process Solutions
5 x 93.00  = 465.00 5 x 185.00 = 925.00 5 x 745.00 = 3,725.00 20 x 50.00 = 1,000.00 4 x 329.00 = 1,316.00 3 x 419.00 = 1,2...
5 x 93.00  = 465.00 5 x 185.00 = 925.00 5 x 745.00 = 3,725.00 20 x 50.00 = 1,000.00 4 x 329.00 = 1,316.00 3 x 419.00 = 1,2...
Nationwide Leader in Business Process Solutions
EXCEPTION REASONS Not a Valid PO Not in Vendor Master Not an Invoice Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions MEDITECH
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions
Nationwide Leader in Business Process Solutions <ul><li>Instant visibility to invoices </li></ul><ul><li>Eliminated manual...
<ul><li>No software to purchase  </li></ul><ul><li>No hardware to purchase </li></ul><ul><li>Very little IT resources need...
<ul><li>What is the monthly volume of invoices? </li></ul><ul><li>How do vendors send invoices? PO Box, Email, Fax? </li><...
Nationwide Leader in Business Process Solutions
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Invoice Processing Serv ice

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Invoice Processing Serv ice

  1. 1. “ Reducing operating costs is number one priority in 2010!” SOURCE: Aberdeen Group Feb 2010. Nationwide Leader in Business Process Solutions
  2. 2. <ul><li>What are the biggest barriers organizations face in automating accounts payable? </li></ul><ul><li>Lack of knowledge </li></ul><ul><li>Don’t know where to start </li></ul><ul><li>Difficulty making a business case </li></ul><ul><li>Resistance to change </li></ul><ul><li>Other more pressing priorities </li></ul><ul><li>Lack of Resources </li></ul><ul><li> SOURCE: IOMA 2010. </li></ul>Nationwide Leader in Business Process Solutions
  3. 3. <ul><li>Top 10 Reasons to Automate Accounts Payable </li></ul><ul><li>Reduce Costs </li></ul><ul><li>Increase Efficiencies </li></ul><ul><li>Eliminate Errors </li></ul><ul><li>Prevent Fraud </li></ul><ul><li>Capture Discounts </li></ul><ul><li>Improve Cash Flow </li></ul><ul><li>Increase Visibility </li></ul><ul><li>Free Up Staff Time </li></ul><ul><li>Improve AP Department </li></ul><ul><li>Automating AP is Not Difficult </li></ul><ul><li>SOURCE: IOMA 2010. </li></ul>Nationwide Leader in Business Process Solutions
  4. 4. <ul><li>What is the main problem that you need accounts payable automation to correct? </li></ul><ul><li>Too much paper </li></ul><ul><li>Lost invoices </li></ul><ul><li>Late payments </li></ul><ul><li>Data entry problems </li></ul><ul><li>Poor visibility into invoices </li></ul><ul><li> SOURCE: IOMA 2010. </li></ul>Nationwide Leader in Business Process Solutions
  5. 5. <ul><li>The number one priority for companies in 2010 </li></ul><ul><li>73% of surveyed companies “Reducing operating costs is number one priority!” </li></ul><ul><li>SOURCE: Aberdeen Group Feb 2010. </li></ul>Nationwide Leader in Business Process Solutions
  6. 6. How many invoices is your organization processing each year? On average, it costs an accounts payable departments between $8.00 - $15.00 (or more) to process one vendor payment . . . IOMA Benchmarking Study Reducing operating costs is number one priority in 2010! SOURCE: Aberdeen Group Feb 2010 Nationwide Leader in Business Process Solutions
  7. 7. <ul><li>How many AP staff are processing invoices in your organization? </li></ul><ul><li>10 FTE’s processing invoices @ $35,000 per year </li></ul><ul><li>$350,000 in annual labor costs to process invoices </li></ul><ul><li>Reducing operating costs is number one priority in 2010! </li></ul><ul><li>SOURCE: Aberdeen Group Feb 2010. </li></ul>Nationwide Leader in Business Process Solutions
  8. 8. What if you could eliminate paper invoices and reduce manual data entry by 99%...???? Reducing operating costs is number one priority in 2010! SOURCE: Aberdeen Group Feb 2010. Nationwide Leader in Business Process Solutions
  9. 9. Nationwide Leader in Business Process Solutions
  10. 10. <ul><li>What are the benefits to SmartAP Service </li></ul><ul><li>Nothing to buy </li></ul><ul><li>Eliminates manual data entry </li></ul><ul><li>Eliminates paper invoices </li></ul><ul><li>Instant visibility </li></ul><ul><li>Never lose invoices </li></ul><ul><li>Reduce AP labor costs </li></ul><ul><li>Improve the AP process </li></ul><ul><li>Unlimited scalability </li></ul><ul><li>Not template based </li></ul>Nationwide Leader in Business Process Solutions
  11. 11. Nationwide Leader in Business Process Solutions
  12. 12. Nationwide Leader in Business Process Solutions
  13. 13. Nationwide Leader in Business Process Solutions
  14. 14. Nationwide Leader in Business Process Solutions
  15. 15. Nationwide Leader in Business Process Solutions
  16. 16. Nationwide Leader in Business Process Solutions
  17. 17. PO Table Match Vendor Master Match Nationwide Leader in Business Process Solutions
  18. 18. 5 x 93.00 = 465.00 5 x 185.00 = 925.00 5 x 745.00 = 3,725.00 20 x 50.00 = 1,000.00 4 x 329.00 = 1,316.00 3 x 419.00 = 1,257.00 2 x 350.00 = 700.00 5 x 810.00 = 4,050.00 Subtotal = 13,438.00 Tax = 0.00 Freight = 32.00 Total = 13470.00 Nationwide Leader in Business Process Solutions
  19. 19. 5 x 93.00 = 465.00 5 x 185.00 = 925.00 5 x 745.00 = 3,725.00 20 x 50.00 = 1,000.00 4 x 329.00 = 1,316.00 3 x 419.00 = 1,257.00 2 x 350.00 = 700.00 5 x 810.00 = 4,050.00 Subtotal = 13,438.00 Tax = 0.00 Freight = 32.00 Total = 13470.00 Nationwide Leader in Business Process Solutions
  20. 20. Nationwide Leader in Business Process Solutions
  21. 21. EXCEPTION REASONS Not a Valid PO Not in Vendor Master Not an Invoice Nationwide Leader in Business Process Solutions
  22. 22. Nationwide Leader in Business Process Solutions MEDITECH
  23. 23. Nationwide Leader in Business Process Solutions
  24. 24. Nationwide Leader in Business Process Solutions
  25. 25. Nationwide Leader in Business Process Solutions <ul><li>Instant visibility to invoices </li></ul><ul><li>Eliminated manual invoice entry </li></ul><ul><li>AP managers focus on expediting invoices for discounts </li></ul><ul><li>Reduced AP labor and processing costs </li></ul><ul><li>Eliminated invoice backlogs </li></ul><ul><li>No more paper invoices </li></ul><ul><li> </li></ul>
  26. 26. <ul><li>No software to purchase </li></ul><ul><li>No hardware to purchase </li></ul><ul><li>Very little IT resources needed </li></ul><ul><li>No additional staff or labor required </li></ul><ul><li>No lengthy implementations or learning curves </li></ul><ul><li>Fits right in with your existing AP process </li></ul><ul><li>Processing costs are per invoice </li></ul><ul><li>Professional services fees are per hour </li></ul>Nationwide Leader in Business Process Solutions
  27. 27. <ul><li>What is the monthly volume of invoices? </li></ul><ul><li>How do vendors send invoices? PO Box, Email, Fax? </li></ul><ul><li>Are invoices centralized or decentralized? </li></ul><ul><li>How many people enter and process invoices? </li></ul><ul><li>Are invoices entered before or after approval? </li></ul><ul><li>What accounting system is being used? </li></ul><ul><li>What invoice data is entered into the accounting system? </li></ul><ul><li>Are purchase orders used? If so, what percentage? </li></ul><ul><li>Is there currently a workflow system in use? </li></ul><ul><li>Is there currently a document management system in use? </li></ul><ul><li>What are the main benefits to be achieved? </li></ul>Nationwide Leader in Business Process Solutions
  28. 28. Nationwide Leader in Business Process Solutions

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