This document discusses automating accounts payable processes through Microsoft SharePoint and ConnectPoint document management. Key points include:
1. Automating AP processes can significantly reduce costs, with automated companies processing invoices at half the cost of non-automated companies. For a company processing 1,000 invoices per month, savings could reach over $72,000 per year.
2. SharePoint and ConnectPoint can help streamline processes like invoice capture, approval workflows, storage and retrieval to reduce paper usage and labor costs.
3. The document provides an example ROI calculation to demonstrate how costs savings can be quantified by plugging in organization-specific numbers.
WSO2CON 2024 - How CSI Piemonte Is Apifying the Public Administration
New Tools for Sage 100 ERP AP Automation
1. New Tools for Sage 100 AP Automation
Streamline AP processes through the power of Microsoft SharePoint…
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8. Why Automate
Your Accounts
Payable Processes?
Average cost to process an invoice: ~$12
Companies with a high level of
automation have half the processing
costs of non-automated companies,
with a median cost to process an
invoice of $6 and as low as $2
If you process just 1,000 invoices per
month savings could reach over $72,000
per year…
13. Managing Paper
Documents
Managing Electronic
Documents
Managing Business
Processes
Users perform
tasks differently
Maintain
consistent security
Obtain proper
reporting
Multiple tools and
systems
Many types of
content
Difficult to track
versions
Accurate auditing
14.
15. Compelling Factors
$ Offsite storage of paper
$ Office floor space cost
$ Security of paper assets
$ Audit prep and execution
$ Dispersed workforce
$ Copy, fax, and courier costs
An average
paper document
gets copied
19 times**
$220 in Labor
to reproduce a lost document*
$120 in Labor
to find a misfiled paper document*
$20 in Labor
to file a paper document*
There are over
4 trillion
paper documents
in the U.S. alone,
growing at a rate
of 22% per year**
* PricewaterhouseCoopers
** Coopers & Lybrand
16. Shipping
Courier Costs
Fax Paper /
Phone Costs
Copied
Documents
Consumables
Handling
of Paper
Offsite
Storage
File Cabinets Processes
$30,000
17.
18. Store &
Manage
Send to ERP
Index
Capture
ApproveSearch &
Retrieve
PaperPaper
Electronic FilesElectronic Files
EmailsEmails
19.
20. Import into SharePoint SharePoint Document
Library
Sage 100Approval Workflow
Retrieve and
Review
Automate and
Approve
Store and
View
Capture and
Index
21.
22.
23.
24.
25.
26. Document Management Automate Business Processes
Enterprise SearchIntegration with Systems
ConnectPoint
Document
Management