4 Keys to AP Automation Success NO PAPER – NO PROBLEM.

4 Keys to AP Automation Success

NO PAPER – NO PROBLEM

Poll Question What percentage of invoices are electronic?

◦100%◦50% ◦25% ◦Under 25%

Poll Question What percentage of payments are electronic?

◦100%◦50%◦25%◦Under 25%

Value – Before Automation

Value – After Automation

Meet Chris

I write books.

I have a website.

www.apautomationnews.com

◦Know Your Numbers◦Numbers In Action◦Have A Plan◦The Advocate

More Than Knowing1. Find Your Numbers

2. Know Your Numbers

3. Use Your Numbers

Poll Question How often do you use numbers to make decisions?

◦All The Time◦When it calls for it◦Sometimes◦Not much at all

Step 1 - Find Your Numbers

Numbers

Step 2 - Know Your Numbers

Numbers

1500 = 40

CPI = $228500 Hours

21 People

20 Touches

Step 3 - Use Your Numbers

Numbers

1500 = 40

CPI = $228500 Hours

21 People

20 Touches

Numbers

1500 = 40

CPI = $228500 Hours

21 People

20 Touches

Numbers

1500 = 40

CPI = $228500 Hours

21 People

20 Touches

Numbers 8500 Hours 20 Touches 21 People CPI = $22 1500 = 40

Numbers

Benchmarking

$9 8500 Hours 20 Touches 21 People CPI = $22 1500 = 40

Numbers In Action

A B

A ?

Strategy 4 - Plan

1500 = 40

CPI = $228500 Hours

21 People

20 Touches

A B

0 8500

$22 $9

9 Things To Do With New Time Grow the Business without Adding Staff

New System Administration

Reduce Headcount

Centralize Accounting

Vendor Discounts

Contract and Pricing Negotiations

Internal Controls

Accounts Receivable

Do Their Job

Change Management

The Great Experiment

Who Did Well?Who Didn’t Do Well?

An Advocate

An Advocate

What is it? Not Just 1 R-E-S-P-E-C-T Change Agent Loves Automation!

Find Your NumberKnow Your NumbersUse Your NumbersNumbers In ActionThe PlanChange ManagementThe Advocate

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2

3

4

Poll Question Where do we go from here?

◦Receive the AvidXchange Blog◦Complete a Time Study◦See a Customized Demo◦Just Researching for Now, Thanks!

www.apautomationnews.comFree Book – SpreadSheet = [email protected]