This document summarizes a presentation about automating accounts payable (AP) processes. It discusses that companies often lack visibility into the true costs of paper-based AP processes. It then outlines what innovative organizations are doing, such as achieving lower average invoice processing costs and capturing more payment discounts. The presentation provides examples of how docSTAR customers automated their AP and saw benefits like reduced processing times and costs. It concludes by offering ways docSTAR can help organizations improve their AP processes through automation solutions.
Leveraging Applied AI to Accelerate Digital Transformation and Maximize Busin...Apttus
Enterprise business is taking a significant leap forward in its ability to maximize business outcomes using Applied AI – conversational and cognitive technologies. Leading organizations are accelerating digital transformation through machine learning, artificial intelligence and virtual assistants designed to streamline and accelerate revenue generation processes.
In this presentation for executives and decision makers, we’ll share insights from the soon-to-be-published Harvard Business Review study on using Applied AI to accelerate B2B Quote-to-Cash processes and commerce. We’ll examine Applied AI emerging trends, best practices, and barriers to adoption.
Quote-to-Cash For Financial Services: Tech Creates ROI for Your Business and ...Apttus
In this story of Digital Transformation, learn how Quote to Cash Technology is driving performance in the Financial Services industry - from Research to renewal.
Driving the Future of Sales Operations with Artificial IntelligenceApttus
Artificial Intelligence is all around us. It is driving familiar B2C brands like Amazon and Google. And it is now driving our Quote-to-Cash process. Learn how to streamline and run a global sales operations organization leveraging machine learning and virtual assistants to increase sales efficiency and to increase margins and revenue.
In this presentation you will learn:
-What is AI
-Why AI now
-Case Study: How is Wolters Kluwer applying AI to Sales Operations
Join Apttus and Wolters Kluwer for a special presentation on about Artificial Intelligence and how it can improve sales, forecast visibility, and limit rogue discounting.
Stitely & Karstetter, PLLC needed a way to optimize workflow in order to save time and gain a competitive advantage. To increase profit margins, the firm switched from Lacerte® tax preparation software, which it had used for 14 years, to CCH Axcess — the award-winning, cloud-based tax preparation, workflow and firm management solution. Visit CCHGroup.com/DigitalTaxWorkflow to learn more!
Your small business clients need year-round bookkeeping services. With Client Accounting Suite Premier (CASP), you can fill that need and earn extra revenue. CASP is a complete, reliable accounting solution — simplifying your work so you can build stronger client relationships.
Leveraging Applied AI to Accelerate Digital Transformation and Maximize Busin...Apttus
Enterprise business is taking a significant leap forward in its ability to maximize business outcomes using Applied AI – conversational and cognitive technologies. Leading organizations are accelerating digital transformation through machine learning, artificial intelligence and virtual assistants designed to streamline and accelerate revenue generation processes.
In this presentation for executives and decision makers, we’ll share insights from the soon-to-be-published Harvard Business Review study on using Applied AI to accelerate B2B Quote-to-Cash processes and commerce. We’ll examine Applied AI emerging trends, best practices, and barriers to adoption.
Quote-to-Cash For Financial Services: Tech Creates ROI for Your Business and ...Apttus
In this story of Digital Transformation, learn how Quote to Cash Technology is driving performance in the Financial Services industry - from Research to renewal.
Driving the Future of Sales Operations with Artificial IntelligenceApttus
Artificial Intelligence is all around us. It is driving familiar B2C brands like Amazon and Google. And it is now driving our Quote-to-Cash process. Learn how to streamline and run a global sales operations organization leveraging machine learning and virtual assistants to increase sales efficiency and to increase margins and revenue.
In this presentation you will learn:
-What is AI
-Why AI now
-Case Study: How is Wolters Kluwer applying AI to Sales Operations
Join Apttus and Wolters Kluwer for a special presentation on about Artificial Intelligence and how it can improve sales, forecast visibility, and limit rogue discounting.
Stitely & Karstetter, PLLC needed a way to optimize workflow in order to save time and gain a competitive advantage. To increase profit margins, the firm switched from Lacerte® tax preparation software, which it had used for 14 years, to CCH Axcess — the award-winning, cloud-based tax preparation, workflow and firm management solution. Visit CCHGroup.com/DigitalTaxWorkflow to learn more!
Your small business clients need year-round bookkeeping services. With Client Accounting Suite Premier (CASP), you can fill that need and earn extra revenue. CASP is a complete, reliable accounting solution — simplifying your work so you can build stronger client relationships.
Master the Subscription Economy to Thrive in the Age of the CustomerApttus
Learn how enterprises benefit from Quote-to-Cash solutions that consolidate critical capabilities like bundling, quoting, contracting, ordering, renewals, promotions and more on one platform. Hear from a finance leader how Quote-to-Cash provides a strong foundation for innovative strategies, processes for managing subscriptions and renewals, and recurring revenues to drive profitable growth.
This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on the application of technologies like AI, RPA in procurement for greater compliance, visibility, and savings.
3 part framework for procurement talent transformationZycus
There is nothing new about the idea that procurement is standing on the verge of a talent catastrophe. Processes and technology are evolving at an accelerating rate, distributed buyers are more capable of independence every day, and non-traditional work models (i.e. the gig economy) mean that executive teams have an impressive range of resources at their fingertips – quickly and cost-effectively.
Countdown to Compliance: Are you ready for ASC 606 / IFRS 15Apttus
Are you prepared for ASC 606? A recent study shows over 50% of large public enterprises have yet to elect their adoption method. The countdown to compliance is on. Watch this presentation to learn how to automate your end-to-end compliance process, automating the contracts process, ask experts any questions you might have, and give yourself some peace of mind.
Digital Transformation: How to Model Human Behavior in DigitizationBizagi
Digital transformation is the change associated with the application of digital technology in all aspects of human society. For businesses, it is about creating a competitive edge by digitizing operations for greater efficiency, intelligence and agility.
One main challenge of digitization is modelling human behavior and cognitive processes into logical expressions that can be digitized and automated. How do we translate complex human behavior and thinking into digital processes?
Frank Beyer, a business process management expert will share how approvals of various kind and pricing calculations can be automated thereby drawing on his experience with a pilot project at former employer Kyocera , a Japanese multinational electronics and ceramics manufacturer, automates its pricing calculation and approvals.
Download the presentation from Frank Beyer and Bizagi as they discuss:
•How to model human activities into digital processes
•How to break the cognitive barrier to embark on RPA
•The impact and hidden benefits of digitizing human activities
About Kyocera
KYOCERA Document Solutions America is a group company of Kyocera Corporation, the world's leading developer and manufacturer of advanced ceramics and associated products, including telecommunications equipment, semiconductor packages and electronic components. Kyocera Corporation's net sales totalled $13.1 Billion.
About Bizagi
Headquartered in the UK and with operations across North America, Europe and Latin America, Bizagi is a global leader in digital business platforms. With a global user community of over 650,000 process pioneers, Bizagi has helped over 500 enterprises in 50 countries to survive and thrive in the digital age. For more information, please visit www.bizagi.com
Watch the Video here: https://youtu.be/A-0I47Qm5MY
Execute a Winning Pricing Strategy with Artificial Intelligence (AI)Apttus
With effective pricing, enterprises can secure their market positions and increase profitable growth. Innovations in Quote-to-Cash technology powered by AI have made it possible for enterprises to consistently set prices that drive optimal business outcomes. Learn how your enterprise can make pricing excellence a reality with AI.
Best Practices for Managing Customizations for Quote-to-CashApttus
A business doesn’t stand still – it constantly evolves to remain innovative and competitive, with technical requirements changing accordingly. Quote-to-Cash systems underpin the middle office, automating a range of critical, complex business processes, involving a variety of integrations. Hear from the experts on how to efficiently identify, assess, prioritize and upgrade customizations needed for enabling business objectives over the lifetime of a Quote-to-Cash solution.
This presentation will address key P2P trends within the overall Procurement landscape. Whether it is the buzz around robotic technology, digital transformation or IoT, understanding trends in P2P becomes more valuable when seen in a business context.
• Trends reinventing Procure-to-Pay in 2018
• Best practices defining vendor management, savings maximization, procurement and invoicing automation, catalog management and technological integrations
• How procurement leaders should interpret these trends in their business contexts
• How to plan and take action ahead of a procurement transformation
Digital Transformation: How to Model Human Behavior in DigitizationBizagi
Digital transformation is the change associated with the application of digital technology in all aspects of human society. For businesses, it is about creating a competitive edge by digitizing operations for greater efficiency, intelligence and agility.
One main challenge of digitization is modelling human behavior and cognitive processes into logical expressions that can be digitized and automated. How do we translate complex human behavior and thinking into digital processes?
Frank Beyer, a business process management expert will share how approvals of various kind and pricing calculations can be automated thereby drawing on his experience with a pilot project at former employer Kyocera , a Japanese multinational electronics and ceramics manufacturer, automates its pricing calculation and approvals.
Download this presentation from hear Frank Beyer and Bizagi as they discuss:
•How to model human activities into digital processes
•How to break the cognitive barrier to embark on RPA
•The impact and hidden benefits of digitizing human activities
About Kyocera
KYOCERA Document Solutions America is a group company of Kyocera Corporation, the world's leading developer and manufacturer of advanced ceramics and associated products, including telecommunications equipment, semiconductor packages and electronic components. Kyocera Corporation's net sales totalled $13.1 Billion.
About Bizagi
Headquartered in the UK and with operations across North America, Europe and Latin America, Bizagi is a global leader in digital business platforms. With a global user community of over 650,000 process pioneers, Bizagi has helped over 500 enterprises in 50 countries to survive and thrive in the digital age. For more information, please visit www.bizagi.com
Watch the video here: https://youtu.be/A-0I47Qm5MY
Why digital business automation is vital to the customer experience featuring...Bizagi
As businesses strive to transform in order to survive and thrive in the digital age, digital initiatives have become increasingly focused on the customer experience (CX) rather than more traditional goals of efficiency and cost reduction.
So what does this mean for those tasked with delivering digital innovation and applications to the business? It means re-thinking operational models to connect employees, processes and devices with personalized and contextualized information – all to better serve customers.
Bizagi and guest speaker Rob Koplowitz, VP and Principal Analyst at Forrester Researchdiscuss how today’s digital platform technologies can support these goals.
View now for answers to questions like:
-What does digital transformation mean for traditional businesses?
-Why is the shift from cost efficiency to customer experience so important?
-How can digital platforms help you improve the customer experience?
-Important strategies for delivering business applications faster in 2017
Who should view: Digital Transformation Leaders, Application Development Leaders, IT and Business Process Professionals.
About Rob Koplowitz
Rob’s research focuses on business process management as well as artificial intelligence and cognitive computing.
Rob returns to Forrester after leading IBM’s strategy for integrating Watson into the company’s collaboration services. Rob brings many years of experience in enterprise software consulting, product marketing, product management, and strategy.
Starting from Scratch: Build a New Business CaseCelonis
"No matter if your company is evaluating the potential value in applying process mining technology to your business processes, just starting to use Celonis or have already been a Celonis user for some time, it's crucial to have the right case framework to translate your improved process KPIs into financial figures.
In this workshop you will learn how to build a business case from scratch. Using a generic
approach you will learn about:
* The key value drivers of Celonis
* How these impact your KPIs
* How to assess and utilize these KPI improvements in specific formulas
* Summarizing all business case components to determine the overall figure-based business impact of Celonis on your processes."
Presenter: "Bertram Lutz, Head of Solution Engineering UK&I, Celonis
Sam Attias, Solution Engineer UK & Ireland, Celonis
Digital Transformation: How to Deliver Scalable Core Banking SolutionsBizagi
Data Action is a leading software and services provider for the Australian mutual banking industry. The company provides a full suite of banking solutions, from core banking right through to custom digital experiences based on the latest technologies and industry requirements - optimized to align with client needs.
For Data Action, the ability to deliver flexible and scalable operations to 30 banks is a differentiating advantage. How does the company achieve it?
Download the presentation from Alexei Fey, CTO of Data Action, as he discusses:
•What does lending look like from a customer’s experience
•How to focus on retaining existing customers
•How to manage the expectation of digital customers
•How to deliver ROI quickly
About Data Action
Data Action provides Digital Banking and Core Banking Solutions for the mutual market based on the latest technologies and industry requirement.
About Bizagi
Headquartered in the UK and with operations across North America, Europe and Latin America, Bizagi is a global leader in digital business platforms. With a global user community of over 650,000 process pioneers, Bizagi has helped over 500 enterprises in 50 countries to survive and thrive in the digital age. For more information, please visit www.bizagi.com
Watch the Video here: https://youtu.be/e8evFZJ6Pgw
B2B buyers are increasingly demanding a self-serve E-Commerce buying option. In addition to this customer-centric imperative, there are hard revenue growth and cost reduction benefits to adding omni-channel E-Commerce to your marketing and sales strategy: 1. Expanding market coverage, 2. Driving revenue growth, 3. Accelerating sales velocity and 4. Reducing selling costs.
Change Your Mindset: The Key to Growing Your Accounting PracticeAggregage
In the accounting profession, the post-COVID business model is surely on everyone's minds. Unmistakably, the way to forge ahead will look different than in years past. The biggest mistake that a majority of companies are making in regard to growth is holding onto old conventions, paradigms, and practices.
Whether re-integrating back to in-office life or staying digitally connected through remote work, the first step in determining how to spur growth comes with reevaluating your company's willingness to change mindset.
Join David Bergstein, Chief Innovation Officer at Bergstein CPA, as he shares insight on the accounting landscape, new trends, and practical tips for reevaluating your company's positionality.
This session will cover:
• What it means to challenge tradition and change your company mindset
• How to make sure you are set up to be as productive and efficient as possible
• Best practices for choosing the tools you will utilize
• Methods to measure and track your success so you can watch yourself improve!
...and more! Everyone who attends will walk away with the knowledge of what to do to be successful in the "New Normal."
It’s no secret that Accounts Payable is one of the main areas of opportunity for automation and optimization within a finance department.
In this video recap of the webinar held on 2/26/ 2019; Auxis’ RPA Consulting Director Eduardo Diquez together with The CFO Leadership Council, UiPath & Ephesoft discussed a perspective on what it really takes to optimize the end-to-end AP function, its key benefits, key technology solutions in the market, and more.
What was covered:
- What does Modern Finance really mean?
- Digitization as a Key Element of the Modern Finance Organization
- Most Common Tools you should be implementing as part of your Digital Finance journey
- What’s driving RPA’s growth?
- Implementation Strategies & Alternatives
- How Outsourcing can help finance executives self-fund their Digital Finance Strategy and drive faster outcomes
Master the Subscription Economy to Thrive in the Age of the CustomerApttus
Learn how enterprises benefit from Quote-to-Cash solutions that consolidate critical capabilities like bundling, quoting, contracting, ordering, renewals, promotions and more on one platform. Hear from a finance leader how Quote-to-Cash provides a strong foundation for innovative strategies, processes for managing subscriptions and renewals, and recurring revenues to drive profitable growth.
This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on the application of technologies like AI, RPA in procurement for greater compliance, visibility, and savings.
3 part framework for procurement talent transformationZycus
There is nothing new about the idea that procurement is standing on the verge of a talent catastrophe. Processes and technology are evolving at an accelerating rate, distributed buyers are more capable of independence every day, and non-traditional work models (i.e. the gig economy) mean that executive teams have an impressive range of resources at their fingertips – quickly and cost-effectively.
Countdown to Compliance: Are you ready for ASC 606 / IFRS 15Apttus
Are you prepared for ASC 606? A recent study shows over 50% of large public enterprises have yet to elect their adoption method. The countdown to compliance is on. Watch this presentation to learn how to automate your end-to-end compliance process, automating the contracts process, ask experts any questions you might have, and give yourself some peace of mind.
Digital Transformation: How to Model Human Behavior in DigitizationBizagi
Digital transformation is the change associated with the application of digital technology in all aspects of human society. For businesses, it is about creating a competitive edge by digitizing operations for greater efficiency, intelligence and agility.
One main challenge of digitization is modelling human behavior and cognitive processes into logical expressions that can be digitized and automated. How do we translate complex human behavior and thinking into digital processes?
Frank Beyer, a business process management expert will share how approvals of various kind and pricing calculations can be automated thereby drawing on his experience with a pilot project at former employer Kyocera , a Japanese multinational electronics and ceramics manufacturer, automates its pricing calculation and approvals.
Download the presentation from Frank Beyer and Bizagi as they discuss:
•How to model human activities into digital processes
•How to break the cognitive barrier to embark on RPA
•The impact and hidden benefits of digitizing human activities
About Kyocera
KYOCERA Document Solutions America is a group company of Kyocera Corporation, the world's leading developer and manufacturer of advanced ceramics and associated products, including telecommunications equipment, semiconductor packages and electronic components. Kyocera Corporation's net sales totalled $13.1 Billion.
About Bizagi
Headquartered in the UK and with operations across North America, Europe and Latin America, Bizagi is a global leader in digital business platforms. With a global user community of over 650,000 process pioneers, Bizagi has helped over 500 enterprises in 50 countries to survive and thrive in the digital age. For more information, please visit www.bizagi.com
Watch the Video here: https://youtu.be/A-0I47Qm5MY
Execute a Winning Pricing Strategy with Artificial Intelligence (AI)Apttus
With effective pricing, enterprises can secure their market positions and increase profitable growth. Innovations in Quote-to-Cash technology powered by AI have made it possible for enterprises to consistently set prices that drive optimal business outcomes. Learn how your enterprise can make pricing excellence a reality with AI.
Best Practices for Managing Customizations for Quote-to-CashApttus
A business doesn’t stand still – it constantly evolves to remain innovative and competitive, with technical requirements changing accordingly. Quote-to-Cash systems underpin the middle office, automating a range of critical, complex business processes, involving a variety of integrations. Hear from the experts on how to efficiently identify, assess, prioritize and upgrade customizations needed for enabling business objectives over the lifetime of a Quote-to-Cash solution.
This presentation will address key P2P trends within the overall Procurement landscape. Whether it is the buzz around robotic technology, digital transformation or IoT, understanding trends in P2P becomes more valuable when seen in a business context.
• Trends reinventing Procure-to-Pay in 2018
• Best practices defining vendor management, savings maximization, procurement and invoicing automation, catalog management and technological integrations
• How procurement leaders should interpret these trends in their business contexts
• How to plan and take action ahead of a procurement transformation
Digital Transformation: How to Model Human Behavior in DigitizationBizagi
Digital transformation is the change associated with the application of digital technology in all aspects of human society. For businesses, it is about creating a competitive edge by digitizing operations for greater efficiency, intelligence and agility.
One main challenge of digitization is modelling human behavior and cognitive processes into logical expressions that can be digitized and automated. How do we translate complex human behavior and thinking into digital processes?
Frank Beyer, a business process management expert will share how approvals of various kind and pricing calculations can be automated thereby drawing on his experience with a pilot project at former employer Kyocera , a Japanese multinational electronics and ceramics manufacturer, automates its pricing calculation and approvals.
Download this presentation from hear Frank Beyer and Bizagi as they discuss:
•How to model human activities into digital processes
•How to break the cognitive barrier to embark on RPA
•The impact and hidden benefits of digitizing human activities
About Kyocera
KYOCERA Document Solutions America is a group company of Kyocera Corporation, the world's leading developer and manufacturer of advanced ceramics and associated products, including telecommunications equipment, semiconductor packages and electronic components. Kyocera Corporation's net sales totalled $13.1 Billion.
About Bizagi
Headquartered in the UK and with operations across North America, Europe and Latin America, Bizagi is a global leader in digital business platforms. With a global user community of over 650,000 process pioneers, Bizagi has helped over 500 enterprises in 50 countries to survive and thrive in the digital age. For more information, please visit www.bizagi.com
Watch the video here: https://youtu.be/A-0I47Qm5MY
Why digital business automation is vital to the customer experience featuring...Bizagi
As businesses strive to transform in order to survive and thrive in the digital age, digital initiatives have become increasingly focused on the customer experience (CX) rather than more traditional goals of efficiency and cost reduction.
So what does this mean for those tasked with delivering digital innovation and applications to the business? It means re-thinking operational models to connect employees, processes and devices with personalized and contextualized information – all to better serve customers.
Bizagi and guest speaker Rob Koplowitz, VP and Principal Analyst at Forrester Researchdiscuss how today’s digital platform technologies can support these goals.
View now for answers to questions like:
-What does digital transformation mean for traditional businesses?
-Why is the shift from cost efficiency to customer experience so important?
-How can digital platforms help you improve the customer experience?
-Important strategies for delivering business applications faster in 2017
Who should view: Digital Transformation Leaders, Application Development Leaders, IT and Business Process Professionals.
About Rob Koplowitz
Rob’s research focuses on business process management as well as artificial intelligence and cognitive computing.
Rob returns to Forrester after leading IBM’s strategy for integrating Watson into the company’s collaboration services. Rob brings many years of experience in enterprise software consulting, product marketing, product management, and strategy.
Starting from Scratch: Build a New Business CaseCelonis
"No matter if your company is evaluating the potential value in applying process mining technology to your business processes, just starting to use Celonis or have already been a Celonis user for some time, it's crucial to have the right case framework to translate your improved process KPIs into financial figures.
In this workshop you will learn how to build a business case from scratch. Using a generic
approach you will learn about:
* The key value drivers of Celonis
* How these impact your KPIs
* How to assess and utilize these KPI improvements in specific formulas
* Summarizing all business case components to determine the overall figure-based business impact of Celonis on your processes."
Presenter: "Bertram Lutz, Head of Solution Engineering UK&I, Celonis
Sam Attias, Solution Engineer UK & Ireland, Celonis
Digital Transformation: How to Deliver Scalable Core Banking SolutionsBizagi
Data Action is a leading software and services provider for the Australian mutual banking industry. The company provides a full suite of banking solutions, from core banking right through to custom digital experiences based on the latest technologies and industry requirements - optimized to align with client needs.
For Data Action, the ability to deliver flexible and scalable operations to 30 banks is a differentiating advantage. How does the company achieve it?
Download the presentation from Alexei Fey, CTO of Data Action, as he discusses:
•What does lending look like from a customer’s experience
•How to focus on retaining existing customers
•How to manage the expectation of digital customers
•How to deliver ROI quickly
About Data Action
Data Action provides Digital Banking and Core Banking Solutions for the mutual market based on the latest technologies and industry requirement.
About Bizagi
Headquartered in the UK and with operations across North America, Europe and Latin America, Bizagi is a global leader in digital business platforms. With a global user community of over 650,000 process pioneers, Bizagi has helped over 500 enterprises in 50 countries to survive and thrive in the digital age. For more information, please visit www.bizagi.com
Watch the Video here: https://youtu.be/e8evFZJ6Pgw
B2B buyers are increasingly demanding a self-serve E-Commerce buying option. In addition to this customer-centric imperative, there are hard revenue growth and cost reduction benefits to adding omni-channel E-Commerce to your marketing and sales strategy: 1. Expanding market coverage, 2. Driving revenue growth, 3. Accelerating sales velocity and 4. Reducing selling costs.
Change Your Mindset: The Key to Growing Your Accounting PracticeAggregage
In the accounting profession, the post-COVID business model is surely on everyone's minds. Unmistakably, the way to forge ahead will look different than in years past. The biggest mistake that a majority of companies are making in regard to growth is holding onto old conventions, paradigms, and practices.
Whether re-integrating back to in-office life or staying digitally connected through remote work, the first step in determining how to spur growth comes with reevaluating your company's willingness to change mindset.
Join David Bergstein, Chief Innovation Officer at Bergstein CPA, as he shares insight on the accounting landscape, new trends, and practical tips for reevaluating your company's positionality.
This session will cover:
• What it means to challenge tradition and change your company mindset
• How to make sure you are set up to be as productive and efficient as possible
• Best practices for choosing the tools you will utilize
• Methods to measure and track your success so you can watch yourself improve!
...and more! Everyone who attends will walk away with the knowledge of what to do to be successful in the "New Normal."
It’s no secret that Accounts Payable is one of the main areas of opportunity for automation and optimization within a finance department.
In this video recap of the webinar held on 2/26/ 2019; Auxis’ RPA Consulting Director Eduardo Diquez together with The CFO Leadership Council, UiPath & Ephesoft discussed a perspective on what it really takes to optimize the end-to-end AP function, its key benefits, key technology solutions in the market, and more.
What was covered:
- What does Modern Finance really mean?
- Digitization as a Key Element of the Modern Finance Organization
- Most Common Tools you should be implementing as part of your Digital Finance journey
- What’s driving RPA’s growth?
- Implementation Strategies & Alternatives
- How Outsourcing can help finance executives self-fund their Digital Finance Strategy and drive faster outcomes
A Proactive Approach to Supplier OnboardingTradeshift
Our research shows that organizations that recognize having a dedicated supplier onboarding system as the foundation of an effective supplier management system reap massive downstream benefits.
Henry Ijams of PayStream Advisors and Vishal Patel of Tradeshift review the latest research on supplier onboarding, as well as a few truly impressive supplier onboarding processes utilized by early innovators.
[Webinar] Stop Thinking About It and Automate Your AP ProcessesAnybill
Recording: https://www.dropbox.com/s/p62hekx2tnkea13/2013-10-10%2014.01%20Stop%20Thinking%20About%20it%20and%20Automate%20Your%20AP%20Processes.wmv
Speakers:
Henry Ijams, Managing Director of PayStream Advisors
Peter Bepler, President and Co-Founder of Anybill
You think about automating. You might even have meetings about automating. Well, the time has come to stop thinking about it and to make it happen. If you think your company might be too small to automate, think again.
So, how do you get started? Attend our 50 minute webinar to get your burning questions answered about how to begin the automation process. Off the heels of PayStream's recently published report on Automating Payables for the Small to Medium Enterprise Market, we're here to offer you valuable tools and ideas to help get your project kicked off.
Join us as the presenters discuss:
-Current landscape of AP departments in the US
-How to create an effective business plan with realistic ROI
-Challenges and barriers to your automation goals
-What the innovators are doing
Lewis Hopkins presented at Oracle OpenWorld 2017 with our partner Canon. Learn about the key features for security and controls in PeopleSoft and how Accounts Payable automation addresses changing regulations, complex vendor networks, and fragmented business processes. Review some of the steps for best-practice techniques in securing your application, and the applications available to assist with this process. The session also elaborates on how organizations can avoid serious errors, poor performance or in extreme cases fraudulent transactions.
Enterprise Digital Assistants: How they can support you in your Credit, Colle...emagia
What are Enterprise Digital Assistants. Digital Assistants For Credit Operations. Digital Assistants For Collections Operations. Digital Assistants For Cash Application. Planning for Your OTC Operations.
https://www.emagia.com/resources/ebooks/enterprise-digital-assistants-can-support-credit-collections-cash-application-operations/
Enterprise Digital Assistants: How they can support you in your Credit, Colle...emagia
What are Enterprise Digital Assistants
Digital Assistants For Credit Operations
Digital Assistants For Collections Operations
Digital Assistants For Cash Application
Planning for Your OTC Operations
Enterprise Digital Assistants: How they can support you in your Credit, Colle...emagia
Enterprise Digital Assistants: How they can support you in your Credit, Collections and Cash Application Operations. What are Enterprise Digital Assistants. Digital Assistants For Credit Operations. Digital Assistants For Collections Operations. Digital Assistants For Cash Application. Planning for Your OTC Operations.
P2P in 2020 - The Push for Supplier Self-ServiceTradeshift
We are pleased to bring you the first installment of the P2P in 2020 series with Paystream Advisors. This presentation will discuss how organization can and should be positioning themselves for the future especially when it comes to connecting and collaborating with suppliers. The last decade has brought forward a few indisputable mega-trends (cloud, mobile, social, big data, etc) that will have a profound impact on the way businesses transact, connect and collaborate.
Raising the Bar in Procurement Through DigitizationZycus
As businesses across virtually every industry face pressure to remain on the cutting edge of technology to maintain competitive advantage, the role of today’s CPO is about going beyond the numbers.
View this presentation on "Raising the Bar in Procurement Through Digitalization" and learn how the procurement digitalization is driving significant improvements. Including:
1. Pointers for creating a digitalization roadmap
2. Success in digitizing business relationships with suppliers
3. A huge leap forward in procurement efficiency and control.
4. A dramatic improved invisibility and controls to identify savings and reduce the risk of fraud.
AccountantsWorld Expert Series - Building a bridge to cpa firm of the futureCPA.com
What does the power of smart business mean for CPAs and their clients? In this era of change for the profession, digital transformation, globalization and other forces in play, this is one of the most challenging and exciting times to pursue a career as an accountant. Erik Asgeirsson, president and CEO of CPA.com, will discuss aspects of the changing technology landscape, the challenge of staying relevant and the great opportunities that lie ahead for those who embrace technology and specialization.
It’s not a secret that the need to modernize traditional finance operations and evolve into a “Digital Finance” organization has become a key priority for finance leaders.
In this video recap of the webinar held on 12/11/ 2019; Raul Vega, Auxis CEO, discussed the key risks and challenges organizations typically face as part of their transformation journey, and how to develop and execute a strategy that provides the business case and outcomes you expect based on your specific company size and needs.
What was covered:
- What does Modern Finance really mean?
- Digitization as a Key Element of the Modern Finance Organization
- Most Common Tools you should be implementing as part of your Digital Finance journey
- What’s driving RPA’s growth?
- Implementation Strategies & Alternatives
- How Outsourcing can help finance executives self-fund their Digital Finance Strategy and drive faster outcomes
Mitigate the Impact of Great Resignation with AI Digital Assistants.pptxEmagia
Mitigate the Impact of Great Resignation with AI Digital Assistants.pptx
https://www.emagia.com/resources/ebooks/mitigate-the-impact-of-the-great-resignation-with-ai-digital-assistants/
Similar to AP Automation: Making the Case to Automate... It’s About Time (20)
4. Research and Advisory Services for
Financial Operations
o Purchase-to-Pay Research, Tools and Education
o Peer Benchmarking Groups
o Electronic Payments & Discount Optimization
o Annual Conference INNOVATE 2015: P2P Summit
5. The can’t miss P2P education &
networking event for
professionals in:
• Accounts Payable
• Finance
• Procurement
• Shared Services
• Supply Chain
• IT & Treasury
innovate.paystreamadvisors.com
Sessions include:
• The Realities of AP Improvement:
Overcoming Divergent Objectives
and Limited Resources
• Risk & Reward: Balancing change
with Increasing Regulation,
Compliance and Fraud
7. Experts in AP and Document
Management Solutions
• Award winning workflow and content productivity software company
founded in 1996
• 8,000+ customers, 145,000 users in many industries
• Robust, scalable, affordable solutions supported by a highly
responsive technical team
• Solution is available on-premises or in the cloud
8. Agenda
• Your business case foundation
• Presenting the true cost of paper
• Identify role models: what the
innovators are doing
• How docSTAR can help
9. Poll Question #1
What is the largest factor holding back process
improvement in your AP Operation?
A. No executive buy-in
B. Lack of budget
C. Fear of no ROI
D. Belief that current systems work
11. Does this sound familiar?
1. You go to a conference (or attend a
webinar) and learn about cool new things
other AP departments are doing.
2. You get bogged down in the day to day
“administrivia.”
3. You give up until the next conference.
11
14. Your Business Case Foundation
Limited resources
What is the time frame?
What resources do we have to
complete this project?
Management concerns
Will there be down time?
What is Plan B?
Identifying Potholes
14
16. Companies lack visibility of true cost of
paper processes
Source: PayStream Advisors’ 2014 Invoice Workflow Automation Report | Q4 2014 | All rights reserved.
“What is your average fully loaded cost to produce an invoice?”
17. Invoice Costs for Paper Based AP
Visibility into AP Success Metrics
Average cost
to process an
invoice for
those just
getting
started
(Novices)
To calculate your CPI, visit www.paystreamadvisors.com/cost-per-invoice-calculator/
18. Costs for Partially Automated AP
Visibility into AP Success Metrics
Average cost
to process an
invoice for
Mainstream
organizations
To calculate your CPI, visit www.paystreamadvisors.com/cost-per-invoice-calculator/
19. Costs for Organizations with High Levels
of Automation
PayStream’s Cost Per Invoice Calculator
Average cost
to process an
invoice for
Innovator
organizations
To calculate your CPI, visit www.paystreamadvisors.com/cost-per-invoice-calculator/
20. Unlocking Working Capital
Source: PayStream Advisors’ 2015 AP & Working Capital Report | Q2 2015 | All rights reserved.
“How often is your organization able to capture early payment
discounts available?”
21. Poll Question #2
What is your top AP initiative?
A. Get AP automation project started
B. Implement existing automation project
C. Develop a plan for automation
D. Research the options
23. What the innovators are doing
*Source: PayStream Advisors 2014 IWA Benchmark Report | Q4 2014 | All rights reserved.
Companies plan to implement AP invoice automation
Which technologies are
you planning to
implement within the
next 6 months?
24. What the innovators are doing
To calculate your CPI, visit www.paystreamadvisors.com/cost-per-invoice-calculator/
Common Success Factors Among AP Innovators
Where do you stand on
the path to AP
innovation?
Long term paperless
goals
Supplier engagement
strategy
Metrics to define success
Enabled by service
partners, not just
technology solutions
25. docSTAR Customer Use Case
Challenge
Processing more than 2,400 invoices per month across 6
locations, late payments, lost invoices and missed discounts
Business Solution
docSTAR eclipse Smart AP Automation
Testimonial
“The feature set is excellent. The searching is powerful and intuitive. The workflow
makes approvals easy. It also has great reporting and tracking abilities that I can get
in real time.
We had a very positive experience. In a land of software vendors over-promising
and under-delivering, docSTAR delivered everything they promised and more.”
Neil Baier, VP Finance
26. What the innovators are doing
To calculate your CPI, visit www.paystreamadvisors.com/cost-per-invoice-calculator/
PayStream Advisors’ CPI Calculator
27. What the innovators are doing
Benchmarking Items for AP Process Improvement
Metric Novices
Average processing time
invoice receipt to approval
45 days
Average processing cost per
invoice (combination of paper
and electronic)
$15.00
Percentage of invoice terms
discounts captured
18%
Mainstream Innovators
23 days 5 days
$6.70 $2.36
40% 75%
28. docSTAR Customer Use Case
Challenge
Over 100,000 documents in their existing AP database and processes approximately
20,000 invoices annually.
Business Solution
docSTAR’s Intelligent Data Capture with SAGE integration saves Collier’s AP team up
to 50 hours a week!
Testimonial
“I’m really impressed is the simplicity of [docSTAR] because the simplicity makes it
flexible. But at the end of the day, our experience has been so positive because of the
docSTAR people. They have made this product so strong.”
Royce Pruitt, CFO
30. Where to Start
• What are your biggest challenges, bottlenecks and pain
points?
• What stage are you currently in?
• Incremental improvement or complete overhaul?
• Cloud or on-premises?
• Basic capture or full automation leveraging Intelligent Data
Capture (IDC)?
• Basic or advanced workflow with branching?
• Integrate with your ERP system?
Henry to Eric. Thanks again for being with our audience today and to share your 10 years of experience in transforming AP. Can you tell us a little about docStar?
Go to conference (or attend a webinar) and learn about cool new things other AP departments are doing
Things that would be perfect for your department!
Get bogged down in the day to day stuff
Doing more with less is a way of life for AP
Give up until the next conference
We don’t have the time to implement something new (even if it is the right thing to do)
Questions for ERIC,
Eric, you’ve been in this business a long time. What can folks on this call do to make the case for automation?
Eric to answer.
“Conduct a Current state assessment…”
Benchmarking can help
Identify where you want to be
Identify what technology fits your needs best
Define the project
Involve the right players
Justify the investment
Eric to Henry for tee-up of next slide. Henry, you said that PayStream Empowers Managers to Transform AP and Procurement. What is the best way to justify the investment?
Henry:
What are your current costs?
You need to understand your current cost of doing business
Document the Facts & figures (metrics)
Determine the right project(s) for you
Help you prioritize those projects
Build your case
Learn how to communicate AP to the Steering Committee
Executives may not understand what you do but they understand statistics
Measure the success of your changes
What do the Stakeholders care about?
Know your audience
We want to hear from you. If you want to ask a question about this – please type it into the panel on the left?
Henry. Limited resources
What is the time frame?
How can this be done?
Consultants?
Management concerns
Down time
What is Plan B?
Be flexible!!!
Training
Change Management
Henry, docSTAR has worked with thousands of clients. I can tell you the clients with whom I’ve worked, with very few exceptions, have never calculated their actual cost of processing an invoice. What does your independent research indicate about cost per invoice?
Eric to Henry:
Before deploying an AP automation solution, I’ve found that very few of my clients had been able to fully take advantage of their trade discounts due to inefficient and lengthy invoice approval cycles. In fact, it’s been my experience that many of my clients were struggling just to meet the invoice due date! Because taking advantage of trade discounts offer a number of financial benefits, I know you and your team have studied this topic extensively. What has your research indicated?
We have a question. Can I get a copy of the slides?
Eric to Henry:
I frequently advise my clients to not try and “eat the entire elephant” at one time. In other words, I always recommend focusing on the biggest pain point and deploy an automation solution with basic features or focused on one process. It’s important to adopt a scalable solution, which provides for a much smoother initial deployment around a specific business process, employees quickly adopt it and then the efforts to expand the solution are rapid and generally the demand has been generated internally. In what sequence do you tend to see companies adopting automation solutions?
Long term paperless goals to eliminate manual validation of OCR captured invoice data from paper/PDF … better support front-end invoice data capture for hand-off to AP automation
Henry to Eric, (tee-up the next slide).
Eric, I know you have many customers that you have helped automate their AP department, can you share a client success story? Can you tell us about Crescent Crown –a beverage distributor?
Crescent Crown – beverage distributor.
After case to Henry from Eric.
Eric to Henry: Henry, you mentioned calculating cost per invoice – how should organizations determine their cost per invoice.
Henry to Eric to Tee up next slide. We promised several case studies. Eric – can you share another docStar success story that helps us see how developing a strong business plan lead to savings and paperless AP?
Collier Restaurant Supply, owns more than 15 restaurants chains including Golden Corral, The Melting Pot, and TGI Fridays.
Henry – It’s almost time for your questions. Eric, almost everyone viewing this webcast wants to improve AP. What do you suggest that organization do in order to get started on the AP automation journey? What questions should they ask?
Maria: We have a home grown system, can docstar work with that?
James: Over the years we have acquired many different companies with different ERPs, can docstar work with all of them at once?
Rahim: Does docstar work well for shared services centers?
Luis: How does docstar connect to back-end systems?
Jackie: Who’s data centers do you run in?
Rosemary: (Henry) We’re a mid sized hospital with 5000 month invoices? What do you suggest we do to get our project started? – based on previous efforts, the CFO has not been willing to invest in AP.
Liam: What is the licensing model, how do you pay for the solution?
Abigail: Because data is in the cloud, how is security managed?
Hannah: How is docstar configured and customized?
Jonathan: Would docstar help with building a business case for senior management?
Yasir: Does docstar have other modules and what do they do?
Question for Henry: how would we learn more about AP automation?
Maurice: How does dynamic discounting work with docstar?