Challenges with invoice data quality? Increase the efficiency Correlation to purchasing Error sources Three practical examples – Procurement and invoicing working together!

1. Challenges with invoice data quality?
Tommi Kouhi
Tobias Wikström

2. Confidentiality
Agenda
• Introduction Invoice Automation in OpusCapita’s offering
• Challenges with invoice data quality?
– Increase the efficiency
– Correlation to purchasing
– Error sources
• Three practical examples – Procurement and invoicing working together!
• Closing remarks
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OpusCapita by the numbers
Company:
• Founded 1984
• Over 2100 employees
• Revenue €257 million (2015)
Buyer-Supplier Ecosystem:
• 8 000 customers in over 100 countries
• ~100 000 suppliers
• 600 million transactions annually, 200 million
processed purely electronically
• 40 million different products bought and sold

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OpusCapita: Extended Purchase-to-Pay
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Challenges with
invoice data
quality?

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Increasing the efficiency in your invoice processing…
Efficient invoice processing require high adoption of
e-invoicing
+27%

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Purchases and the correlation to invoice processing
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High adoption of PO is a key indicator for effortless invoice
management

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• Process related errors
– Buying process
– Sell process
• Technical errors
– Scanning and OCR
– eInvoicing
Error sources
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Five key points for successful invoice automation
Get your free copy: http://www.opuscapita.com/whitepapers/5-key-points-for-successful-invoice-automation
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Are we consistently using Purchase Orders?
What to do with maverick spend?
Can we improve data quality
by increased usage of
e-invoicing?
Increasing automation with:
“No-PO, No-Pay policy”
Are our invoice approval policies
consistent across the company?
How to align the targets
throughout the P2P process?
Control & visibility

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Closing remarks
http://www.opuscapita.com/events
http://www.opuscapita.com/newsletter/2016/visi
ons-taking-shape/billentis-market-report-from-e-
invoicing-towards-broader-digitization