Fintech Belgium_Webinar 6: AccountingTech to the rescue / Covid-19: Home Working Challenge - 24-04-20

1. Webinar 6 : AccountingTech to the
rescue / Coronavirus
Homeworking Challenge

2. Programme
 Introduction by Toon Vanagt (3min)
 Cédric Nève for Digiteal about "Why is it more important
than ever to go digital to send the invoices and to collect
the payments... and how this can be achieved very easily ?"
(15min)
 Amélie Laurensou for Yooz about "How to keep your
Accounts Payable operations running from home?" (10min)
 Hans Jacobs from Unified Post Group about "How to use a
cooperative platform for accountants and their clients?"
(10min)
 Edouard Beauvois from AiVidens about "How to analyse the
risk and payment behaviour of customers, and to anticipate
payment problems using AI?" (5min)
 Q&A (15min)
 Conclusion (2min)

3. Your Speakers
Toon Vanagt
Host, Board of FinTech Belgium
CEO of data.be
Amélie Laurensou
Business Sales Consultant
YOOZ
Hans Jacobs
CCO
UNIFIEDPOST GROUP
Cédric Nève
CEO
DIGITEAL
Edouard Beauvois
Co-Founder & CEO
AiVidens

4. Your Speakers
Cédric Nève
CEO
DIGITEAL

5. What percentage of your invoices are
paid:
- Before the due date ?
- In the first 24 hours after you sent
them?
- In the first hour ?
Collection time and effort
Early On-time Late Very late

6. Pain points:
- Sending cost
- Manual reconciliation
- Late payments
- Poor visibility
Order to cash process
! !
! !

7. How to reduce it ?
- Paper/PDF -> E-Invoice
- B2C, B2B and B2G
- Customers and suppliers
Automate and digitalize your
processes.
Invoicing cost
Paper Email E-invoice
Send 4,44 € 2,02 € 1,20 €
Receive as a business 8,04 € 7,68 € 2,27 €
Source:
DAV/ASA

8. Payment everywhere
@
Billing
softwar
eYOUR
COMPANY
PAY
PAY

9. EASY & FREE!
www.scan2pay.info
Standard QR code payment

10. Pay with a pin-code, fingerprint or
through face recognition.
Payment button

11. Choose which payment methods you
want to enable.
Payment button

12. After the payment,
Increase electronic conversion
USP
PAY
we invite your
customer to receive
his next bill
electronically!

13. Increase electronic conversion
Source: Bernard Philippe (Proximus) at the e-invoicing
summit 2019
Machine to Machine Integration at a fraction of the cost!

14. Get paid more regularly
Controlled domiciliation:
● Increase domiciliation rate
● Convince your customers
easily
● Delegate mandate
management
USP

15. API available
https://docs.digiteal.eu
Accounting software / ERP / CRM / ...
Payment institution
Pay incoming
invoices
Send e-
invoice
Retrieve bank
movements
Receive
e-invoice
Get paid (online
payment,
subscriptions,...)
E-
Payment
E-
Invoicing
E-
Banking

16. Integrators
DSP
Accounting
Others
Results:
- 25% conversion rate in the first 3
months
- 20% invoices paid in the first hour,
50% paid in the first 24 hours
- Integrator onboarding in 2 days

17. Start saving now !
If you want to
● Improve your cashflow
● Reduce your OPEX
Get in touch to receive your free
custom ROI calculation.
hello@digiteal.eu

18. Your Speakers
Amélie Laurensou
Business Sales Consultant
YOOZ

19. Agenda
Why you shouldn't keep your AP processes
manual any longer!
How to choose the optimal automation solution.
How to be operational overnight.
Amélie Laurensou
Consultant
Yooz EMEA

20. Why you shouldn't keep your AP processes
manual any longer!

21. How much is your accounts payable
process at risk?
Complex
€9to €20per doc
€3,25 (archiving costs)
Manual Costs
31%
of invoices
Late payments
Lack of visibility
Victim of fraud attempts
70%
of companies
increasing
Regulatory pressure
Not compliant
3,5%
erroneous or double
payments
22to 35
processing days

22. Why should you automatize now
?
You can’t ignore the risks anymore
70%
Each minute spent on a manual task pour you
– you and your organization – in jeopardy
« Thanks to Yooz, no interruption within our
accounting departement and no extra work at the
end of the confinment !»
Veronique Kvartovkine, Accounting Director at Micropole

23. Why should you automatize now
?
You digital transformation project as been postponed
long enough
90%
Each minute spent on a manual task pour you
– you and your organization – in jeopardy

24. Why should you automatize now
?
The competition is already on track
80%
Each minute spent on a manual task pour you
– you and your organization – in jeopardy

25. How to choose the optimal automation solution

26. How to choose your solution
The challenge, finding the perfect mix
between :
A “Plug and
Play” solution
High level of
automation
All-in-one functional
coverage

27. How to be operational overnight!

28. About Yooz
Born in
the Cloud in
2010
Offices in the
US and in
Europe
+50%
growth/year
25%
of revenue reinvested in R&D
1000+
R&D man-years
100+
AI & ML scientific
publications
20 000 000
documents/year
30+
countries
3 000+
clients
200 000
users
1 single focus:
document
automation
100 000
companies

29. Yooz leverages high performance
technology and makes it easy, powerful and
accessible!
Simplicity Savings
Set up Yooz in a
few
clicks
Speed
Traceability Security Zero-risk
Reduce processing
costs by 80%. Do
more with less.
Divide processing time
by 5 to 20
Gain instant
visibility.
Stop losing
documents.
Detect fraud
and secure documents
Try for free.
Be Compliant.

30. Yooz is Unique : The Smartest, Most
Powerful and Easiest to Use solution
Simplicity Savings
Set up Yooz in a
few
clicks
Speed
Traceability Security Zero-risk
Reduce processing
costs by 80%. Do
more with less
Divide processing time
by 5 to 20
Gain instant
visibility.
Stop losing
documents.
Detect fraud
and secure documents
Try for free.
Be Compliant.
All-in-One
Automate the entire
P2P process

31. Cloud P2P automation with Yooz: your collaborative solution to
work remotely & efficiently

32. So what are the next steps ?
Let’s move on !
Start with Yooz now, the
platform is free to use during
the confinment
Do you want a private demo ?
Let us know in the comments
!

33. Your Speakers
Hans Jacobs
CCO
UNIFIED POST GROUP

34. Will Covid-19 impact the accounting
industry?
We ask You to:
- Or when You would come by after the Office hours, leave the documents
in the dropbox (next to the front door)
- Or when You would come by during office hours, ring the doorbell and
leave the documents in our garage. Somebody will open the garage door
to give You access. He or she will show you where you can drop the
pieces.
We have a 3 days waiting period, which means that we leave the documents
the first 3 days in the garage before we process them. According to
virologists the virus would not survive for longer than 72 hours on different
surfaces.
(Free translation form literally quote:
Wij vragen U om:
- Ofwel indien U na de kantooruren zou langs komen, de documenten in de dropbox achter te laten (naast de voordeur)
- Ofwel tijdens de kantooruren, aan te bellen en de documenten achter te laten in onze garage. Iemand zal de garagepoort openen
ten einde U toegang te verschaffen. Hij of zij zal U aanwijzen waar de stukken mogen gelegd worden.
Wij hanteren een 3 dagen wachtsysteem wat wil zeggen dat wij de documenten eerst 3 dagen in de garage laten liggen alvorens deze

35. Will Covid-19 impact the accounting
industry?

36. Will Covid-19 impact the accounting
industry?
4x more new users per month in March
3x more new invoices in April (on 20/4/2020)
+70 new accounting firms started with
Billtobox in the last 2 weeks of March

37. Will Covid-19 impact the accounting
industry?
Digital invoicing can NOT infect you with
corona!!
Benefits:
- Cost saving
- Time saving
- Increase efficiency
- Decrease human mistakes
- Accessibility to documents when in process
or archived
- Transformation from pdf to e-invoice (xml)
- …

38. Will Covid-19 impact the accounting
industry?
YES
Once you go digital, you never go
back… to paper!

39. Your Speakers
Edouard Beauvois
Co-Founder & CEO
AiVidens

40. Some current CFO Challenges
Global economic
slow down
Cash flow
folatility
Credit Risk
Operational
disruption
Teleworking
Setup a cash culture
Redefine collection strategy

41. Bad debts
Of companies’ annual
turnover in Europe
SME bankrupcies
Precautions
Credit Rating Agencies
Credit Insurances
Factoring Companies
Tools: ERP Software,
Spreadsheets
Disadvantages with precautions
Too late
Expensive
Credit limits may not cover business needs
Sources: Intrum (European Payment Report 2019)OECD (https://stats.oecd.org)

42. Operational inefficiences
Operational
data
Collection
execution
Anticipation
Prioritization
Transparency on
effectiveness of measures
Cash accuracy

43. Example – Don’t think you know your
customers!
True case
Could we have identified
early enough that payment
issues would arise and take
measures accordingly?
0
50
100
150
200
250
300
350
400
2011 2012 2013 20152014 2016 2017 2018
Days to payment

44. Improve Working Capital & Customer
Experience with AI

45. Improve Working Capital & Customer
Experience with AI

46. Take action!
Prioritize your
collection
efforts.
Simulate
different
collection
strategies.
Understand
whether your
customers
will pay and
when.
Understand
where the
risks are.
Setup a cash culture
Redefine collection strategy

47. Take another look at your debt
portfolio!
Thank you
for your attention
www.aividens.com
ebeauvois@aividens.com

48. Thank you!
Platinum partner
Silver partners
Bronze partners

49. Join us :
• TUESDAY MAY 5th from 9AM to 12PM:
Digital Finance Outreach with Febelfin, FPS Finances &
NBB
• FRIDAY MAY 8th AT 14PM:
Webinar 7: Coronavirus Homeworking Challenge