InvoiceAction Smart Process Application for Accounts Payable Automation Powering Process Improvement

Agenda  Accounts Payable o Process, Problems, Solution  Solution Name – InvoiceAction – Accounts Payable SPA o Why InvoiceAction o Process o Features o Demo o ROI  Conclusion

Accounts Payable Process The typical Accounts Payable department has labor intensive, complex and costly processes  A recent AIIM report states that the median cost to process an invoice is $9.00  Non-PO invoices can cost as much as 2 ½ times that  On average it takes paper-based organizations up to 29 days to process their invoices  Missing early pay discounts or burden vendor relations  Clerks labor over matching invoices to POs or contract terms

Accounts Payable Problems AP departments experience the following issues when processing invoices  High labor cost for sorting, separating and routing  Labor intensive data entry expense  Data accuracy issues  Manual matching to PO or Contract terms  Slow process for routing and approval of invoices  Lost or misplaced invoices  Lack of visibility in process  Non-compliance with policies What’s the answer?

InvoiceAction InvoiceAction allows you to take control of your AP Invoice process  Cutting Costs  Improving Accuracy  Speeding up workflows  Improving visibility  Improving compliance

InvoiceAction Process Multi-Channel Data Capture Classification Data Extraction Rules-Based Validation Export and Application Integration

Features  Multi-Channel Capture  Automated Document Classification  Advanced OCR Extraction  Automatic Extraction of Header, Footer as well as Line- Items  Rules based validation of data  Automated Routing and Notification  Exception Handling  GL Coding  Approval, Rejection and Escalations  Data Integration

Exports and Application Integration Extracted and Validated Data can be exported to  Accounting and ERP systems  SAP, Oracle, Dynamics, Sage, Infor, Epicor, SYSPRO and more  Databases  SQL, Access, ODBC, Oracle, Progress  Data File Formats  XML, CSV, TXT  Open.NET Export API

In DEMO we will cover solution's features and capabilities review CLICK HERE TO SEE Accounts Payable Automation with Invoice Action InvoiceAction Demo

ROI  According to AIIM 61% of organizations surveyed reported a payback period of 12 months or less for AP Automation projects  20% of the companies reported a payback in as little as 6 months  Many respondents reported invoice cost reductions of 50% or more when automation was fully implemented  At $9.00 per invoice a company processing 50,000 invoices per year is spending $450,000 in both direct and indirect costs  Even a 33% reduction in the invoice cost yields a savings of $148,500

Conclusion InvoiceAction is a №1 Solution for AP Automation InvoiceAction puts AP invoice processing back under your control. Reducing costs, improving accuracy, speeding up workflows, increasing visibility and improving compliance helping you to turn AP from a cost center into a profit center.

Streamlining AP Processing in Dynamics AX Processing over 1000 invoices daily into QAD across 60 offices worldwide Automating AP and Receipt processing into SAP since 2009 Relies on Artsyl for processing 500 invoices daily Worldwide food supplier processing 300 invoices daily Entrusts docAlpha with it’s AP automation Clients

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