Automating the Accounts Payable and Invoice Process Robert Ripley Chief Operating Officer iPayables

AGENDA Evolution Discounts Latest Trends Business Case Q&A

PAIN Invoice process costs Late payments Missed discounts Cash management Visibility / Month end

4 vs 16 Days to process

3 vs 16 $ Invoice

36% APR

1-5m/1b Discount Capture

EVOLUTION OF OPTIONS Paper Back-End Document Capture/Archive Front-End Document and Data Capture Front-End Capture with Matching and Workflow Electronic Invoicing with Imaging and Workflow

NON-PO – ELECTRONIC INVOICING W/ IMAGING & WORKFLOW

PO – ELECTRONIC INVOICING W/ IMAGING & WORKFLOW

EXPANDED PAYMENT TERMS

DYNAMIC DISCOUNT CAPTURE Standard & Contractual Auto Sloping Early Payment

Latest Trends

PAPER not going away just yet ACCOUNTS PAYABLE moving toward strategic

ADOPTION is the key THE CLOUD is where things are going

LARGE & MID-MARKET solutions ANALYTIC & REPORTING is revealing

ELECTRONIC PAYMENT is increasing CASH FLOW is still king

BUSINESS CASE

EFFICIENCY GAINS 20 FTE 10,000 Invoice/month Non-PO & Purchase Order

DISCOUNT CAPTURE $1 Billion in Spend 5% participation Avg 15 days early

ROI Efficiency Gains + Discount Capture = 654%

CONCLUSION Electronic, Image, Workflow, Matching Dynamic Discounting Strategic, Cloud, Adoption Profit Center

THANK YOU! Robert Ripley Chief Operating Officer office mobile Q & A