1. Introduction to Invoice Processing Maximize Visibility & Control February 28, 2013 1

2. Agenda Introduction to Invoice Processing Automation – Review three key roles in every project – Each roles different interest in invoice automation – Key invoice automation software – How to develop an automation strategy that is right for you – Close / Questions 2

3. Why invoice automation? 3 CFO wonders: $16.67 vs. $3.34 4x longer approve invoices Capture 18% vs. 90% discounts Struggle with Audit & Archive AP manager wonders: Cut supplier calls Get faster approvals Identify disputed invoices Supplier based accruals AP clerk wonders: Double my production? Allocate invoices to multiple cost centers Seen our last telecom bill Ever tried to do a 3 way match around here

4. Lack of Visibility into Pending Invoices Locations Suppliers Invoices Approved In the Field 4

5. Paper-Based P2P Workflow Enterprise Procure-to-Pay Process SourcingProcurement Invoice-payment Order delivery (PO, ASN) Order delivery (PO, ASN) Send invoice Transmit payment Resolve exceptions Process and approve invoice Receive and route invoice 1-3 days4-7 days10-50 days2-10 days 4-7 days10-50 days 30-127-day cycle 5

6. Invoice Processing 6 Forrester Research, 2010

7. Goals 7 Gain invoice visibility Reduce data entry costs Speed approvals Increase coding accuracy Enhance reporting & audit Manage cash more effectively

8. Basic strategy 8 eInvoicing Mail room Scanning OCR Automated Workflow Supplier Portal Supplier Network ERP

9. Invoice Data Capture 9 Key from Image / Paper EDI / CXML Scan & OCR Supplier Portal Supplier Network Email / PDF Mailroom Services

10. Determining Capture strategies 10 Invoice Volume Total Spend Suppliers Invoices Supplier Network EDI / CXML Supplier Portal Scan & OCR Key from Image Email / PDF Key from Image / Paper

11. Next Question 11

12. Send Invoice Email/Fax EDI/XML Vendor Portal & Supplier Network Scan Paper OCR Quite often you require the ability to accommodate multiple methods of invoice receipt…. Quite often you require the ability to accommodate multiple methods of invoice receipt….

13. Receive & Route Inbound invoices generate a processing workflow with highly configurable capabilities!

14. Process & Approve Items to approve show up in user’s queue for easy processing and approvals! Also capable through email & portable devices.

15. Transmit Payment Invoice payment information is passed seamlessly to ERP platform and related payment information is returned to archive with invoice data.

16. Exception Management Business logic required to automatically reconcile invoices is built into the solution! Exception queues accommodate invoices needing additional processing.

17. Reporting Capability/Monthly Accruals Robust and customizable reporting capabilities gain tremendous visibility to your AP invoice payment process.

18. Research & Audit Robust search capabilities and customizable reporting capabilities gain tremendous visibility to your AP invoice payment process.

19. Better Managing AP Productivity AP department “health checks” and workload balancing capabilities are available throughout the solution!

20. Supplier Networks & Portals 20

21. Next Question 21

22. Supplier Portal & Networks Advanced Integration Framework Private-Hosted Deployment

23. Supplier Behavior

24. Data Capture 24

25. Clear Visibility 25

26. Distributing Invoices to Cost Centers 26 Spreadsheet Invoices

27. Speed Approvals 27

28. Research Receiving/Financial Discrepancies

29. IA Reporting Reporting – activity Process – thru put Exception management Discount capture List that Kevin gave me 29

30. Understanding 30 CFO wonders: $16.67 vs. $3.34 4x longer approve invoices Capture 18% vs. 90% discounts Struggle with Audit & Archive AP manager wonders: Cut supplier calls Get faster approvals Identify disputed invoices Supplier based accruals AP clerk wonders: Double my production? Allocate invoices to multiple cost centers Seen our last telecom bill Ever tried to do a 3 way match around here

31. Easy to Use - Broad & Deep Product Suite 31 Verian Suite Verian Platform Workflow, Business Rules and Policy Enforcement

32. Ease of Implementation 32 Key from Image / Paper EDI / CXML Scan & OCR Supplier Portal Supplier Network Email / PDF

33. The 90 plus Difference 33 Office Supplier & Materials FacilitiesIT & TelecomCapital ExpendituresMarketing Kick-off

34. Questions? Kevin Zirkle kzirkle@verian.com 34