May 24, 2015
Closing statement slide: Automation increases efficiency and transforms the role of AP from being a data entry shop to being a strategic asset.
Companies using paper take almost 4 times longer to process an invoice.
Supporting Fact: …56% businesses experienced higher cost saving per invoice by implementing e-invoice systems then those that did not.
Next Steps
What’s next after invoices are electronic?
APPROVED INVOICE/AP REVIEW
AP System
FIRST LEVEL APPROVER
HIGHER LEVEL APPROVER
ELECTRONIC INTERFACE
Match Rule Exception Workflow
APReceiving
RequisitionerPurchasing
Invoice Data
PO and Receipt
of Goods
Exceptions
ERP
Straight Through Processing