This document discusses the benefits of automating accounts payable processes through invoice automation. It notes that accounts payable is becoming more strategic by enabling better contract management, financial reporting, and compliance. Invoice automation can reduce costs, improve efficiency, and eliminate risks compared to manual processes. The document then outlines the typical costs of processing invoices manually versus through automation. It describes the key components of invoice automation including data capture, validation, workflow approval and integration with ERP systems. Finally, it estimates the potential savings per invoice that can be achieved through automation.
The procure to pay cycle involves requisitioning goods or services, requesting quotations from suppliers, issuing a purchase order, receiving the items or services, receiving and paying an invoice, transferring the transaction to the general ledger, importing any journals, and posting the transaction.
The procure to pay process involves 9 steps: 1) determining requirements, 2) sourcing, 3) vendor selection, 4) purchase order processing, 5) order monitoring, 6) goods receipt, 7) invoice verification, 8) payment verification, and 9) payment. The process tracks requirements and ensures accurate matching between purchase orders, goods receipts, and invoices. It allows efficient payment of vendor invoices and updating of accounting records.
This document provides an overview of performing vendor account inquiries in SAP. It covers how to view vendor account balances and line items, the transaction codes used, and key functions for navigating and filtering inquiry results. The objectives are to learn how to perform vendor account balance inquiries and line item inquiries in SAP. Transaction codes FK10N and FBL1N/ZFBL1N are used to display account balances and line items respectively.
The published document gives overall view of OTC, is the end-to-end business process for receiving and processing customer orders. It also gives accounting and technical insight for Oracle application R12 OTC cycle.
The document provides an overview and objectives for an Accounts Payable transaction processing course. It defines key AP terms, describes the AP process and invoice processing, and outlines how to enter and display invoice documents. It also reviews how to park and display parked invoices and credit memos. The course will cover viewing lists of invoices, parking documents, and displaying parked documents.
Our solutions are completely integrated into SAP. You will no longer need to switch between programs, manually input data, cut and paste into Excel or use other non-SAP systems. Maximise your investment in SAP by investing in world’s leading business software.
Order to Cash. Cash is King. Prime elements, points that block successful ETE flow. KPI's/metics and how to guage where your company really ranks: a Business leader, Average, or Laggard.
The procure to pay cycle involves requisitioning goods or services, requesting quotations from suppliers, issuing a purchase order, receiving the items or services, receiving and paying an invoice, transferring the transaction to the general ledger, importing any journals, and posting the transaction.
The procure to pay process involves 9 steps: 1) determining requirements, 2) sourcing, 3) vendor selection, 4) purchase order processing, 5) order monitoring, 6) goods receipt, 7) invoice verification, 8) payment verification, and 9) payment. The process tracks requirements and ensures accurate matching between purchase orders, goods receipts, and invoices. It allows efficient payment of vendor invoices and updating of accounting records.
This document provides an overview of performing vendor account inquiries in SAP. It covers how to view vendor account balances and line items, the transaction codes used, and key functions for navigating and filtering inquiry results. The objectives are to learn how to perform vendor account balance inquiries and line item inquiries in SAP. Transaction codes FK10N and FBL1N/ZFBL1N are used to display account balances and line items respectively.
The published document gives overall view of OTC, is the end-to-end business process for receiving and processing customer orders. It also gives accounting and technical insight for Oracle application R12 OTC cycle.
The document provides an overview and objectives for an Accounts Payable transaction processing course. It defines key AP terms, describes the AP process and invoice processing, and outlines how to enter and display invoice documents. It also reviews how to park and display parked invoices and credit memos. The course will cover viewing lists of invoices, parking documents, and displaying parked documents.
Our solutions are completely integrated into SAP. You will no longer need to switch between programs, manually input data, cut and paste into Excel or use other non-SAP systems. Maximise your investment in SAP by investing in world’s leading business software.
Order to Cash. Cash is King. Prime elements, points that block successful ETE flow. KPI's/metics and how to guage where your company really ranks: a Business leader, Average, or Laggard.
Accounts payable notes provide definitions and explanations of key concepts related to vendor invoice processing and payment in SAP. This includes defining accounts payable, purchase orders, vendor master data, invoice posting, payment methods, and the automatic payment program (APP). The APP allows for automated multiple vendor payments and printing of remittance documents. Maintaining accurate vendor records and timely payments are important parts of managing cash flow and vendor relationships in SAP.
The document describes the procure to pay workflow in SOD Technologies' ERP system. It includes steps for vendor management and selection, purchase orders, goods receipt, purchase invoicing, replenishment reports, payment to vendors, and updating accounts. The system aims to provide complete visibility and management across the procurement process through features like accurate forecasting, approval workflows, automated data processing for receipts, support for multiple currencies, and reporting on vendor performance and purchasing trends.
42 Accounts Payable Interview Questions and AnswersRahat Kazmi
The Most Common 42 Accounts Payable Interview Questions: Please review these with Answers. If it helped you in anyway, please Like our pages and recommend us to your Network.
This document summarizes an automated invoice processing solution offered by DataBank IMX. The solution digitizes invoices upon receipt, extracts key data using optical character recognition, and verifies the data against purchase orders. This streamlines approval workflows and eliminates manual data entry. Extracted invoice images and data are delivered to clients securely overnight via FTP.
This document provides an overview and instructions for configuring Oracle Fusion Receivables. It discusses key features of Oracle Fusion Financials including embedded reporting, role-based dashboards, and spreadsheet integration. Implementation options and tasks are outlined such as defining the enterprise structure, creating a chart of accounts, and setting up receivables activities, payment terms, and approval limits. Key receivables processes and roles are also summarized.
Here is a visual workflow of NetSuite’s ERP Order to Cash (O2C) and Purchase to Pay (P2P) processes, covering Order Management (Orders), Accounts Receivable (Receivables), Purchase Orders (Purchases) and Accounts Payable (Payables) plus an introduction to Customer Relationship Management (CRM).
This document provides an overview of Oracle's Fusion Costing solution. It describes key cost accounting concepts like cost objects, cost profiles, and cost sharing. It also outlines the new capabilities in Fusion like multiple representation of costs and a service-oriented architecture. The document reviews the end-to-end business processes in Fusion Costing like procurement, inventory management, and order management. It also explains the technical architecture and configuration options for costing setups, processing, and reporting.
The document describes the key steps in the procure to pay process in SAP MM from a macro perspective. It involves requisition creation by a requisitioner which then goes through an approval workflow. The purchasing group then prepares a request for quotation, evaluates vendor bids, selects a vendor, and issues a purchase order. The vendor dispatches materials or services, and submits an invoice. The invoice is verified and the transaction is updated in SAP with a goods receipt or service entry, and payment is processed through accounts payable.
Oracle Fusion Payables allows users to create invoices, process payments, and manage vendor transactions more efficiently. Key features include an enhanced user interface, invoice creation through scanned images, configurable dashboards, and integration of features from Oracle's other applications. The document outlines the setup and configuration options for invoices, payments, payment terms, and payment process requests in Oracle Fusion Payables.
This document describes an accounts payable process that includes the following key steps:
1. Enter and validate supplier invoices
2. Create accounting entries for the invoices in the subledger system
3. Transfer the accounting information to the general ledger
The process allows companies to enter invoices from suppliers, validate the information, record the invoice details in the accounting system, and post the results to the general ledger to record the financial impact. It provides an automated way to manage and pay supplier invoices while ensuring proper recording in the financial books of record.
This document provides instructions for manually creating accounts payable invoices in Oracle E-Business Suite R-12. It outlines the purpose, scope, basic business needs, process overview, and step-by-step procedures for invoice creation when no purchase order exists. Key steps include verifying supplier and tax information, entering invoice header and line details, adding tax lines, and approving the invoice for payment processing.
1. The document outlines the end-to-end procure to pay process including creating suppliers, creating a requisition and purchase order, receiving items, generating an invoice, validating and paying the invoice, and creating the accounting entries.
2. It provides step-by-step instructions and screenshots for each stage of the process from checking inventory quantities to approving purchase orders to paying invoices.
3. The stages covered are creating suppliers, creating a requisition and purchase order, receiving items against the purchase order, generating an invoice automatically upon receipt, validating and paying the invoice, and creating the accounting entries for the payment and invoice.
The document outlines the topics covered in an SAP VIM (Vendor Invoice Management) course. The course introduces SAP VIM and its components, including document processing, invoice exception and approval workflows, administrative tasks, and reporting. It covers configuring and using the Invoice Capture Center tool for optical character recognition and indexing of invoice metadata. The course also includes hands-on exercises and demonstrations of invoice processing, approval, archiving, and analytics reporting in SAP VIM.
Growing your business via strategic account management frameworkPiyush Poddar
This session will take you through our Account Management Practice and share some real-life case studies demonstrating how we hit target sales quota by 2-3x and achieved maximum strategic account objectives within the desired timeline.
We will look at various aspects of a successful Customer Account Management framework like
- Customer onboarding process
- Kickoff meetings
- Routine engagement health check-ins
- Invoicing and collections management
- Satisfaction surveys and testimonials management
- Complaint and grievances management
- Contract renewals and extensions.
- Opportunity exploration via researching client’s organisation, industry, seeking references, social media listening etc.
- Evangelizing client via social, digital marketing and event participations.
Organizations try to accomplish their business objectives through strategies. Strategies are executed broadly through ‘Programs & Projects’ or ‘Operations.
This document discusses receipt accounting in Oracle Fusion SCM. It explains that there are two types of accruals - accrue on receipt and accrue on period end. It focuses on accrue on receipt for inventory items. It describes the process flow from requisition to payment. It explains the accounting entries made at each step like encumbrance relief and accrual booking. It discusses the related ESS jobs and how transactions flow between interfaces. It provides a demo of creating a PO, receiving goods, running ESS jobs to create distributions and journals, and matching an invoice.
This document provides an overview of ERP systems and their relevance for manufacturing industries. It discusses Velcom, an ERP consulting firm, and the services they provide. The key benefits of ERP for manufacturing include automating processes, responding quickly to changes, improving decision making, enhancing customer satisfaction, and gaining supply chain visibility. Common challenges include limited customization and high switching costs. The document also reviews ERP ROI studies and implementation best practices.
The document discusses accounts payable outsourcing services offered by Offshore Accounting and Taxation Services (OATS). OATS manages the entire accounts payable process for clients, including invoice receipt, payment, tax deductions, and statutory compliance. This allows clients to streamline their accounts payable while reducing costs and increasing efficiency. Services include vendor contract management, invoice payments, tax deductions, and creditor reconciliation. Outsourcing accounts payable to OATS provides benefits such as accuracy, access to vendor information, and an efficient payment process. An example client case highlights how a manufacturing company was able to reduce costs and meet management requirements by outsourcing accounts payable to OATS.
SAP Accounts Reveivable Functions | http://sapdocs.infosapdocs. info
This document provides an overview of key functions in the accounts receivable module in SAP, including:
1) Editing options and defaults that can be set for open item processing and credit management.
2) Customer line item management and open item management, including displaying line items and balances.
3) Processing open items by clearing customers, posting with clearing, or posting incoming payments manually.
4) Handling bank returned payments and resetting cleared items.
5) Posting transactions without clearing, for transfers or other receivables.
Outsourcing is a global automotive market. Its evolution brings the companies an edge to reap the best benefits out of cash on-hand. It helps in optimizing internal processes of the company.
This document provides an overview of financial accounting basics, including transaction analysis and balance sheet changes. It discusses how various business transactions affect the accounting equation of Assets = Liabilities + Equity. It then walks through a series of sample transactions for a company called ABC Company and shows the resulting impact on its balance sheet each time. It also introduces accounting conventions for increasing and decreasing accounts and ensuring debits equal credits for each transaction.
Accounts payable notes provide definitions and explanations of key concepts related to vendor invoice processing and payment in SAP. This includes defining accounts payable, purchase orders, vendor master data, invoice posting, payment methods, and the automatic payment program (APP). The APP allows for automated multiple vendor payments and printing of remittance documents. Maintaining accurate vendor records and timely payments are important parts of managing cash flow and vendor relationships in SAP.
The document describes the procure to pay workflow in SOD Technologies' ERP system. It includes steps for vendor management and selection, purchase orders, goods receipt, purchase invoicing, replenishment reports, payment to vendors, and updating accounts. The system aims to provide complete visibility and management across the procurement process through features like accurate forecasting, approval workflows, automated data processing for receipts, support for multiple currencies, and reporting on vendor performance and purchasing trends.
42 Accounts Payable Interview Questions and AnswersRahat Kazmi
The Most Common 42 Accounts Payable Interview Questions: Please review these with Answers. If it helped you in anyway, please Like our pages and recommend us to your Network.
This document summarizes an automated invoice processing solution offered by DataBank IMX. The solution digitizes invoices upon receipt, extracts key data using optical character recognition, and verifies the data against purchase orders. This streamlines approval workflows and eliminates manual data entry. Extracted invoice images and data are delivered to clients securely overnight via FTP.
This document provides an overview and instructions for configuring Oracle Fusion Receivables. It discusses key features of Oracle Fusion Financials including embedded reporting, role-based dashboards, and spreadsheet integration. Implementation options and tasks are outlined such as defining the enterprise structure, creating a chart of accounts, and setting up receivables activities, payment terms, and approval limits. Key receivables processes and roles are also summarized.
Here is a visual workflow of NetSuite’s ERP Order to Cash (O2C) and Purchase to Pay (P2P) processes, covering Order Management (Orders), Accounts Receivable (Receivables), Purchase Orders (Purchases) and Accounts Payable (Payables) plus an introduction to Customer Relationship Management (CRM).
This document provides an overview of Oracle's Fusion Costing solution. It describes key cost accounting concepts like cost objects, cost profiles, and cost sharing. It also outlines the new capabilities in Fusion like multiple representation of costs and a service-oriented architecture. The document reviews the end-to-end business processes in Fusion Costing like procurement, inventory management, and order management. It also explains the technical architecture and configuration options for costing setups, processing, and reporting.
The document describes the key steps in the procure to pay process in SAP MM from a macro perspective. It involves requisition creation by a requisitioner which then goes through an approval workflow. The purchasing group then prepares a request for quotation, evaluates vendor bids, selects a vendor, and issues a purchase order. The vendor dispatches materials or services, and submits an invoice. The invoice is verified and the transaction is updated in SAP with a goods receipt or service entry, and payment is processed through accounts payable.
Oracle Fusion Payables allows users to create invoices, process payments, and manage vendor transactions more efficiently. Key features include an enhanced user interface, invoice creation through scanned images, configurable dashboards, and integration of features from Oracle's other applications. The document outlines the setup and configuration options for invoices, payments, payment terms, and payment process requests in Oracle Fusion Payables.
This document describes an accounts payable process that includes the following key steps:
1. Enter and validate supplier invoices
2. Create accounting entries for the invoices in the subledger system
3. Transfer the accounting information to the general ledger
The process allows companies to enter invoices from suppliers, validate the information, record the invoice details in the accounting system, and post the results to the general ledger to record the financial impact. It provides an automated way to manage and pay supplier invoices while ensuring proper recording in the financial books of record.
This document provides instructions for manually creating accounts payable invoices in Oracle E-Business Suite R-12. It outlines the purpose, scope, basic business needs, process overview, and step-by-step procedures for invoice creation when no purchase order exists. Key steps include verifying supplier and tax information, entering invoice header and line details, adding tax lines, and approving the invoice for payment processing.
1. The document outlines the end-to-end procure to pay process including creating suppliers, creating a requisition and purchase order, receiving items, generating an invoice, validating and paying the invoice, and creating the accounting entries.
2. It provides step-by-step instructions and screenshots for each stage of the process from checking inventory quantities to approving purchase orders to paying invoices.
3. The stages covered are creating suppliers, creating a requisition and purchase order, receiving items against the purchase order, generating an invoice automatically upon receipt, validating and paying the invoice, and creating the accounting entries for the payment and invoice.
The document outlines the topics covered in an SAP VIM (Vendor Invoice Management) course. The course introduces SAP VIM and its components, including document processing, invoice exception and approval workflows, administrative tasks, and reporting. It covers configuring and using the Invoice Capture Center tool for optical character recognition and indexing of invoice metadata. The course also includes hands-on exercises and demonstrations of invoice processing, approval, archiving, and analytics reporting in SAP VIM.
Growing your business via strategic account management frameworkPiyush Poddar
This session will take you through our Account Management Practice and share some real-life case studies demonstrating how we hit target sales quota by 2-3x and achieved maximum strategic account objectives within the desired timeline.
We will look at various aspects of a successful Customer Account Management framework like
- Customer onboarding process
- Kickoff meetings
- Routine engagement health check-ins
- Invoicing and collections management
- Satisfaction surveys and testimonials management
- Complaint and grievances management
- Contract renewals and extensions.
- Opportunity exploration via researching client’s organisation, industry, seeking references, social media listening etc.
- Evangelizing client via social, digital marketing and event participations.
Organizations try to accomplish their business objectives through strategies. Strategies are executed broadly through ‘Programs & Projects’ or ‘Operations.
This document discusses receipt accounting in Oracle Fusion SCM. It explains that there are two types of accruals - accrue on receipt and accrue on period end. It focuses on accrue on receipt for inventory items. It describes the process flow from requisition to payment. It explains the accounting entries made at each step like encumbrance relief and accrual booking. It discusses the related ESS jobs and how transactions flow between interfaces. It provides a demo of creating a PO, receiving goods, running ESS jobs to create distributions and journals, and matching an invoice.
This document provides an overview of ERP systems and their relevance for manufacturing industries. It discusses Velcom, an ERP consulting firm, and the services they provide. The key benefits of ERP for manufacturing include automating processes, responding quickly to changes, improving decision making, enhancing customer satisfaction, and gaining supply chain visibility. Common challenges include limited customization and high switching costs. The document also reviews ERP ROI studies and implementation best practices.
The document discusses accounts payable outsourcing services offered by Offshore Accounting and Taxation Services (OATS). OATS manages the entire accounts payable process for clients, including invoice receipt, payment, tax deductions, and statutory compliance. This allows clients to streamline their accounts payable while reducing costs and increasing efficiency. Services include vendor contract management, invoice payments, tax deductions, and creditor reconciliation. Outsourcing accounts payable to OATS provides benefits such as accuracy, access to vendor information, and an efficient payment process. An example client case highlights how a manufacturing company was able to reduce costs and meet management requirements by outsourcing accounts payable to OATS.
SAP Accounts Reveivable Functions | http://sapdocs.infosapdocs. info
This document provides an overview of key functions in the accounts receivable module in SAP, including:
1) Editing options and defaults that can be set for open item processing and credit management.
2) Customer line item management and open item management, including displaying line items and balances.
3) Processing open items by clearing customers, posting with clearing, or posting incoming payments manually.
4) Handling bank returned payments and resetting cleared items.
5) Posting transactions without clearing, for transfers or other receivables.
Outsourcing is a global automotive market. Its evolution brings the companies an edge to reap the best benefits out of cash on-hand. It helps in optimizing internal processes of the company.
This document provides an overview of financial accounting basics, including transaction analysis and balance sheet changes. It discusses how various business transactions affect the accounting equation of Assets = Liabilities + Equity. It then walks through a series of sample transactions for a company called ABC Company and shows the resulting impact on its balance sheet each time. It also introduces accounting conventions for increasing and decreasing accounts and ensuring debits equal credits for each transaction.
EFFSO is a company founded in 2007 that provides services to support purchasing professionals in developing their skills and improving their organizations, such as training, coaching, recruiting skilled personnel, and developing tools and processes. They aim to make the work of purchasing professionals easier by helping them improve competencies, find the right people, and achieve better results through consulting services and a toolbox of free online purchasing tools.
Procure to Pay Challenges & its Impact on BusinessGaurav Shukla
The document defines challenges faced by procurement team and how it impacts vendor or partner.
It also provides possible approach to solve these challenges in long run.
The document discusses the evolution of modern purchasing roles from traditional roles focused on negotiation and procurement to more strategic roles. Modern purchasing roles require managing broader issues across supply chains, such as supplier relationships, quality, and logistics. These roles are varied and include category managers, sourcing managers, and chief procurement officers. The challenges of these roles include developing structures and processes for increasingly global and complex supply chains.
Accounts Payable Automation: Life Before & After PaperEsker, Inc.
This document summarizes the benefits of automating accounts payable processes described in a presentation by Esker. It outlines how three organizations improved visibility, lowered costs, and increased satisfaction by kicking their paper habit and switching to digital accounts payable automation. The presentation discusses the symptoms of poor AP performance like limited control and long cycles. It then shares customer stories from Albemarle, Farmland, and San Benedetto that demonstrated benefits like less stress, overtime, and risk after implementing Esker's AP automation solutions.
Accounts Payable: Best-in-Class Strategies for Reducing Invoice Processing Co...Nasreen Quibria
This webinar highlights findings from the Invoicing and Workflow benchmark study and unveils a core set of recommendations that follow Aberdeen's unique Best-in-Class Maturity Framework, which details the specific strategies, capabilities and technology solutions leveraged by top-performing enterprises to drive down the costs and cycle time associated with invoice-processing.
Closing the Loop in Your Procure-to-Pay ProcessSAP Ariba
Without connecting invoice processing to the broader source-to-settle process, a P2P transformation project will have limited success. In this session, you will hear how you can implement a "closed-loop" P2P process that enforces invoices against catalogs, orders, and contracts; monitors supplier performance; and improves control over your spend.
The document discusses various concepts related to cost analysis and estimation including:
1. It defines different types of costs such as historical costs, replacement costs, opportunity costs, explicit and implicit costs, incremental costs, sunk costs, fixed costs, and variable costs.
2. It explains short-run and long-run costs and how cost curves like total cost, average cost, and marginal cost change in the short-run and long-run.
3. It discusses economies of scale and how long-run average costs are U-shaped, initially falling with scale due to product, plant and firm level economies of scale, before rising again due to diseconomies of scale.
The document discusses purchase-to-pay (P2P) processes and how they fit within enterprise supply chain management. It describes key components of P2P including invoice processing and accounts payable. It also discusses benefits of implementing a P2P shared services delivery model and how P2P technology and selective outsourcing of P2P functions can help reduce costs and improve processes.
One wasteful place where money flows out the door in small businesses is in late fees. Invoices get paid late when they are out of sight. Having an accounts payable process in place that includes visual cues can reduce, even eliminate paying fees, fines and penalties associated with missed or past due invoices.
This document discusses organizational structures and designs. It defines organizational structure as the formal configuration between individuals and groups regarding task allocation, responsibilities, and authorities. An organizational chart is a diagram representing connections between departments. Key elements that impact organizational design are discussed, including work specialization, departmentalization, authority/responsibility, span of control, centralization vs decentralization, and formalization. Traditional and contemporary organizational designs like functional, divisional, matrix, team, project, boundaryless, virtual and learning organizations are described.
A presentation on P2P (Procurement to Pay) process usually being followed by industry.
It's part of supply chain and PPT also shows -
- how the material inflow thru P2P is being balance by material outflow thru O2C
- how the cash outflow thru P2P is being balanced by cash inflow thru O2C
Procure to Pay Transformation.
--
Presentation originally made at the SMART Supply Chain Conference, June 2013. This transformation won the Award for Procurement Excellence.
The presentation is Copyright protected and is for information purposes only and may not be reproduced in any form without written permission of authors.
The document discusses evaluation of purchase management performance. It outlines various quantitative and qualitative metrics that can be used, including price advantage, inventory levels, and relations with suppliers. Internal and external agencies can evaluate performance. Methods include forms, flowcharts, checklists and key performance ratios. A purchase audit examines the organization, policies, procedures, evaluation and reporting of the purchase department.
Purchasing, Procurement, Vendor, Contract and RFP Process Management with Sha...Optimus BT
Using the Document management, Collaborative and Self service features of SharePoint to implement a turn key procurement management business solution, that will streamline the procurement process, help you comply with regulations, enable you manage contracts, empower self service and participative procurement, aid in informed procurement decisions, in executing an effective procurement strategy and make your procurement function hassle free. Optimus BT is a leader in providing Procurement software and other turnkey solutions using SharePoint.
The document discusses the procurement process in SAP. It involves determining requirements through a purchase requisition or MRP, sourcing suppliers through requests for quotation, selecting vendors, and generating a purchase order. The purchasing, warehousing, and invoice verification departments are then involved in goods receipt, and invoice and payment processing. Special procurement types like stock transfers, subcontracting, and consignment are also outlined.
The document summarizes the order-to-cash cycle which includes:
1) Sales order creation and credit check
2) Checking availability and allocating inventory
3) Outbound delivery including picking, packing and goods issue
4) Billing and generating invoices
5) Payment receipt completing the cycle
10 Ways To Improve Your Purchasing DepartmentKeith Taylor
10 ways to improve your purchasing department. Includes tips from a purchasing and materials management professional with over 22 years experience. www.lbsi.com
The document summarizes the key aspects of the purchasing process. It describes the functions of purchasing as handling routine work, supporting decision-making, and assisting with reporting. It outlines the internal perspective of the purchasing process flow. It discusses how purchasing fits within an organization's supply chain and the benefits of managing the supply chain. It also notes potential problems that can occur in supply chain management initiatives and ways to mitigate these issues.
Deutsche Bank implemented Ariba's Smart Invoicing solution as part of a global transformation program to standardize and upgrade its procure-to-pay processes globally. Key results included reducing invoice processing costs by 35%, increasing electronic invoicing from 0% to over 60%, and reducing invoice cycle times. Next steps include expanding the solution to more countries and optimizing consulting services spend. Lessons learned included prioritizing high-volume vendors for enablement and having dedicated resources to enforce policies to drive adoption.
The document discusses how information arrives to companies from various sources like paper documents, emails, social media, etc. and needs to be captured and routed to different business units and systems. It introduces Kofax's approach of capturing information at the point of origin to improve processing times, drive automation and costs savings, and enhance governance. The storyboard then shows how Kofax's capture technologies can understand and classify incoming content before routing it to destinations like ERP, CRM or document management systems to initiate automated workflows.
- The document outlines an applied risk process model that takes a business and data life cycle approach from deal origination through completion and from data creation to final deletion.
- It details the key business processes, functions, systems, models, risks, and data involved at each stage including product development, trading, clearing, risk management, accounting, and compliance.
- The end-to-end model is intended to integrate all the components needed to capture, process, monitor, analyze, and report on deals and associated risks across the business and data lifecycle.
Basware provides invoice automation software that can process invoices from any source and aims for straight-through processing. It utilizes Basware connectivity services, e-invoicing, and matching capabilities to fully automate purchase order-based and non-purchase order invoice processing. The software provides compliance features like audit trails, approval workflows, and reporting tools. It can be implemented quickly and integrated with various ERP systems. Customers in various industries like logistics and brewing have experienced cost savings, increased visibility, and processing efficiency through automating invoice handling with Basware's invoice automation solution.
OnePosting allows companies to submit invoices electronically in a more cost-effective and secure manner than traditional methods. It speeds up the invoice approval process while providing convenient document storage and interaction between accounts receivable and payable teams. Vendors can submit invoices either through OnePosting's online portal or by extracting data from their accounting software. The process involves registering on the OnePosting website and then selecting submission options and submitting invoices.
OnePosting allows vendors to submit invoices electronically to customers in a more cost effective and secure manner than traditional methods. It facilitates faster invoice approval by providing accounts receivable and payable teams online access to invoices and related documents. Vendors can submit invoices either by entering data directly from their accounting software or through OnePosting's online portal. Registration involves a simple 3-step process to set up an account and begin submitting invoices.
In today’s service economy cutting cost and making processes more efficient is the key. The OpenERP for Carpet Industry is going to reduce various costs and make processes efficient providing High ROI made in OpenERP.
Five Steps to Better Trading Partner CollbaorationSAP Ariba
Lawson Products provides industrial supplies to over 160,000 customers. It has evolved its collaborative commerce by moving to majority electronic orders, integrating its eCommerce storefront with Ariba Network via punchout, and adopting eInvoicing and cXML order processing. This enables increased automation, customer compliance, and a dedicated eProcurement website and standards-based technology to support business tools and processes. Lawson maintains an eCommerce team and "Ariba Ready" certification to facilitate collaboration.
Control Your Practice and Your Future. Today\'s revenue cycle encompasses countless activities in your practice. See how ALN can help you manage your revenue cycle and turn your good practice into a great business.
SmartSugar built on SAP platform, is a comprehensive, preconfigured ERP solution with integrated cane management system. SmartSugar as an integrated solution manages every aspect of your business, including your financials, crop to sugar sale, manage by-products, control production cycles and plant maintenance.
The document discusses the Red Queen theory which states that organisms must constantly adapt and evolve to survive. It then discusses the challenges of building software products and ecosystems that meet business and user needs. Finally, it emphasizes that focusing on creating remarkable user experiences that people want to share with others is key to building a successful product.
It’s Time to Redefine Invoice Processing within Your JD Edwards Environment.
Faced with an unpredictable business environment, forward-thinking companies are now making the leap to automated invoice solutions and quickly realizing significant operational benefits, including accelerated invoice processing cycles that reduce costs, increase real-time visibility into the status of all invoices and reduced incidences of duplicate invoices and payments. Not to mention help their suppliers get paid faster, which ensures stronger, more productive business relationships.
This presentation is intended to help viewers understand:
-- How AP automation can improve key metrics such as costs per transaction and invoices-per-FTE;
-- Insight into identifying solutions optimized for JD Edwards, and managing a successful implementation; and
-- Best practices for increasing adoption of e-invoice submission among customers and suppliers.
Direct Insite First Data An Integrated B2 B B2 C E Commerce Serpayments.P...Oberan
Direct Insite is an electronic invoice management and ePayment company that provides accounts payable and accounts receivable automation solutions. It offers eInvoicing modules for processing, distributing, and managing disputes of electronic invoices. It also provides ePayment portals and supplier/customer self-service portals. Direct Insite's solutions help streamline invoice-to-pay and order-to-cash processes, reduce costs, and improve financial metrics like days sales outstanding. The company has over 45 associates across multiple U.S. locations and provides services to Global 1000 companies.
This document discusses JiniBooks, a receivables management solution from Techjini Solutions. It highlights key trends driving the need for such solutions, common challenges organizations face around contracts, invoicing, and payments. The solution aims to streamline receivables processes, improve cash flow forecasting and tracking, and provide real-time visibility. It offers automated invoicing, payment reminders, document management and integration with other systems. The solution is delivered as a cloud-based SaaS with 24/7 support and advanced security features. Pricing is subscription-based and claimed to be less than electricity costs.
Best Practices in Trading Partner CollaborationSAP Ariba
The document discusses improving collaboration between trading partners through better business processes. It outlines that 80% of transactions are currently completed manually, costing $650 billion annually. The document proposes using collaborative business commerce solutions to address these challenges by automating processes across the entire value chain from marketing to payment. Implementing such solutions could provide benefits like faster payment, reduced order processing costs, increased revenues, and compliance. It introduces representatives from Merck Millipore and Computacenter to discuss their experiences with eProcurement.
Lots of people consider going to a third-party provider to adopt e-invoicing. But what about using your existing ERP system to do this?
Qantas went live with e-invoicing using its existing Oracle platform and in a matter of months has already converted 66% of invoices in scope for e-invoicing to electronic (around 12,000 e-invoices permonth).
This presentation from The Accounts Payable Tech Summit 2011, given by David Hunter, Payment Services Manager at QANTAS, reveals:
• The huge communication piece between his three main stakeholders when migrating to e-invoicing with 3,700 suppliers
• Plans for a global e-invoicing roll-out and what to bear in mind
• Key results including halving mail volumes, reducing FTEs and tightening controls of the payments process
Integrating Beyond the eCommerce Engine Preparing for the New Face of eBusinessPerficient, Inc.
eCommerce – more specifically, eBusiness – has evolved into a highly integrated ecosystem that extends beyond the traditional shopping cart and exclusivity to a single on-line channel. Companies are now inextricably linked to consumers, suppliers and vendors across various channels, and the systems required to manage these interactions have grown more complex.
The next-generation eCommerce platform must factor in business processes and supporting systems including business intelligence, master data management and customer relationship management to ensure compatibility and synergy.
In this presentation, we explore some of these challenges and provide insight on how to approach them from a business and technology perspective.
- Business process re-engineering to support the next-generation eCommerce platform
- A holistic approach to integrating eCommerce into your business
- To de-couple or not to de-couple from your enterprise applications
- Leveraging the core capabilities of your enterprise applications while still taking advantage of your overlapping eCommerce platform features
Presenter Sameer Peera is Principal of Perficient’s national Commerce practice.
OpenID AuthZEN Interop Read Out - AuthorizationDavid Brossard
During Identiverse 2024 and EIC 2024, members of the OpenID AuthZEN WG got together and demoed their authorization endpoints conforming to the AuthZEN API
Taking AI to the Next Level in Manufacturing.pdfssuserfac0301
Read Taking AI to the Next Level in Manufacturing to gain insights on AI adoption in the manufacturing industry, such as:
1. How quickly AI is being implemented in manufacturing.
2. Which barriers stand in the way of AI adoption.
3. How data quality and governance form the backbone of AI.
4. Organizational processes and structures that may inhibit effective AI adoption.
6. Ideas and approaches to help build your organization's AI strategy.
Introduction of Cybersecurity with OSS at Code Europe 2024Hiroshi SHIBATA
I develop the Ruby programming language, RubyGems, and Bundler, which are package managers for Ruby. Today, I will introduce how to enhance the security of your application using open-source software (OSS) examples from Ruby and RubyGems.
The first topic is CVE (Common Vulnerabilities and Exposures). I have published CVEs many times. But what exactly is a CVE? I'll provide a basic understanding of CVEs and explain how to detect and handle vulnerabilities in OSS.
Next, let's discuss package managers. Package managers play a critical role in the OSS ecosystem. I'll explain how to manage library dependencies in your application.
I'll share insights into how the Ruby and RubyGems core team works to keep our ecosystem safe. By the end of this talk, you'll have a better understanding of how to safeguard your code.
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
Building Production Ready Search Pipelines with Spark and MilvusZilliz
Spark is the widely used ETL tool for processing, indexing and ingesting data to serving stack for search. Milvus is the production-ready open-source vector database. In this talk we will show how to use Spark to process unstructured data to extract vector representations, and push the vectors to Milvus vector database for search serving.
Programming Foundation Models with DSPy - Meetup SlidesZilliz
Prompting language models is hard, while programming language models is easy. In this talk, I will discuss the state-of-the-art framework DSPy for programming foundation models with its powerful optimizers and runtime constraint system.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
AI 101: An Introduction to the Basics and Impact of Artificial IntelligenceIndexBug
Imagine a world where machines not only perform tasks but also learn, adapt, and make decisions. This is the promise of Artificial Intelligence (AI), a technology that's not just enhancing our lives but revolutionizing entire industries.
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Webinar: Designing a schema for a Data WarehouseFederico Razzoli
Are you new to data warehouses (DWH)? Do you need to check whether your data warehouse follows the best practices for a good design? In both cases, this webinar is for you.
A data warehouse is a central relational database that contains all measurements about a business or an organisation. This data comes from a variety of heterogeneous data sources, which includes databases of any type that back the applications used by the company, data files exported by some applications, or APIs provided by internal or external services.
But designing a data warehouse correctly is a hard task, which requires gathering information about the business processes that need to be analysed in the first place. These processes must be translated into so-called star schemas, which means, denormalised databases where each table represents a dimension or facts.
We will discuss these topics:
- How to gather information about a business;
- Understanding dictionaries and how to identify business entities;
- Dimensions and facts;
- Setting a table granularity;
- Types of facts;
- Types of dimensions;
- Snowflakes and how to avoid them;
- Expanding existing dimensions and facts.
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
2. AP Evolution Continues
• Accounts Payable is Strategic
• Contract management
• Financial reporting and analysis
• Do More with Less
– Reduce Costs
– Improve Efficiency
– Eliminate Risk (Ensure Compliance)
6. Single Pipe
Invoice
Approval
Workflow
Data Capture Improve Data
Correction Quality
Separation Process- ERP
Classification Readytm
Detect Missing,
Extraction Data Invoice
Incomplete,
or Wrong Data Matching
Dispute
Resolution
No Error
Error
Confirmation
Notification
detected
XML/
EDI
7. Single Pipe
Invoice
Approval
Workflow
Data Capture Improve Data
Resend Quality
Invoice Separation Process- ERP
Classification Readytm
Detect Missing,
Extraction Data Invoice
Incomplete,
or Wrong Data Matching
Dispute
Resolution
No Error
Confirmation
detected
XML/
EDI
12. Learning Done!
3rd step: With 2 trained documents we get
85% confidence, no more training required
13. Reduced Data Entry Costs
Typical Reduction in Data Entry
– 80% within 6 Weeks
– 90+% within 6 Months
Less Time Typing means more time for
value-added tasks!
15. Business Challenges of EDI
Do you recognize these business pains?
• You know the benefits of e-invoicing
but cannot get your suppliers on board.
• Your IT staff has limited resources to
roll out EDI.
• EDI is a very costly and complex solution.
• You receive EDI data and want to process and validate this
data together with your invoices received by post and email.
Step 4: Integrate Electronic Invoices
16. A common scenario...
Additional 15% of
100% 5% the suppliers can
90% be migrated to
15% electronic 30%
80%
70%
60% 30%
50% 70%
This represents
40% 30% of the
30% invoice volume 38%
20%
10% 10% 2%
0%
Suppliers Invoice volume
Paper/Credit Cards Paper/Fax Electr. Invoices EDI
Step 4: Integrate Electronic Invoices
17. e-Transactions
Seller Buyer
Invoicing System Accounts Payable System
ERP System ERP System
eInvoice eInvoice
Sender Instant electronic Receiver
delivery (2-3 sec)
Postal Service
(2-3 days) Open, sort, dis
Envelope tribute mail
Stamping (1-2 days)
Mail
Step 4: Integrate Electronic Invoices
18. e-Transactions
Seller Buyer
Invoicing System Accounts Payable System
ERP System ERP System
EDI eInvoice
via Receiver
VAN
Postal Service
(2-3 days) Open, sort, dis
Envelope tribute mail
Stamping (1-2 days)
Mail
Step 4: Integrate Electronic Invoices
19. Both Sides Win...
Seller Buyer
• Advantages of Step
• Single click to get invoice 1, 2, 3
into Buyer’s ERP • No mail room handling
• No
printing, envelope, stamp
• No scanning, no OCR
correction
s
• No Data Entry
• No manual handling
• Shorter DSO • Use notification to help
migrate suppliers
(days of sales
outstanding)
Step 4: Integrate Electronic Invoices
27. Adding up the savings
Approx. Savings per invoice:
Control paper flow: $10+
Reduce Manual Labor: $1+
Enhance process transparancy : $1.50+
Add Electronic: $1.50+
Improve Data Quality: $3+
Automatic Feedback & Issue resolution: $5+
= Approx. savings from
$22 per invoice
Reduction of errors & dispute
costs with each phase
29. Thank You!
Thank You!
For More Information, Contact:
Michael R. Thomas
Director – Solution Development
631-406-9916
mthomas@amsimaging.com
http://www.amsimaging.com