e-invoicing Going to the Next Level Markus Ament Chief

Size: px
Start display at page:

Download "e-invoicing Going to the Next Level Markus Ament Chief"

Transcription

1 e-invoicing Going to the Next Level Markus Ament Chief

2 Agenda e-invoicing - What Works and What Doesn t Supplier Value Propositions Dynamic Discounting & Turning Issue Into Opportunities Real World Success Stories Questions

3 A simple chain The ultimate goal: Get rid of paper, manual keying, exceptions and calls How to get there: Receive e-invoices in a virtually perfect quality How to achieve it: Supplier adoption What drives adoption: Value for supplier

4 What is E-Invoicing? Completely Eliminating Paper Sending and Receiving Invoices Electronically E-Invoicing Data Stays Data: No Data Entry or Correction What e-invoicing is Not: o Scanned/imaged paper invoices o OCR ed paper invoices o ed PDFs

5 Adoption of E-Invoicing in the Last Year 42% 29% 21% 8% In Use Deploying Evaluating Not Planned Source: PayStream Advisors, 2012

6 Paper Remains Dominant 64% Methods Used to Trade B2B Invoices 9% 13% 14% Fax E-Invoicing Paper Source: PayStream Advisors, 2012

7 The e-invoicing Challenge: Replacing Paper Customers: o ERP Input formats are proprietary o Cost and complexity of working with hundreds of suppliers Suppliers: o Cost and complexity of customizing for clients o Billing systems output invoices in proprietary formats

8 E-Invoicing Adoption Barriers Current processes work 23% Lack of budget 18% We do not think there will be an ROI 16% Lack of resources to manage automation Lack of understanding of current available solutions 6% 7% No executive sponsorship 6% Source: PayStream Advisors, 2012

9 Supplier Value Propositions 1. Complete Solution Offering 2. Covers all Transaction Types 3. Interoperability 4. Transparent Vendor Portal 5. No Supplier Fees 6. Financial Value

10 Supplier Value Proposition 1: Complete Solution Offering Current New o Focus on e-invoicing Connectivity often one-way street: Incoming only No additional data on the portal or network o e-invoicing, incl. flipping a PO o Invoice status o Remittance/payment details o PO updates, confirmation & history o Address changes, bank changes o Online Dispute resolution o Online W9/1099 o.

11 Supplier Value Proposition 2: Covers All Transaction Types Current: Scope limited to invoices submitted through network New: Comprehensive visibility for all invoices Network or Platform Status? PO? Payment Details? PAPER ERS EDI Network or Platform Status! PO! Payment Details! History! ERP ERP

12 Supplier Value Proposition 3: Interoperability Current: Supplier accesses each platform used by its customers New: One access point Network or Platform Network or Platform Network or Platform API Network or Platform

13 Supplier Value Proposition 4: Transparent Vendor Portal Instant visibility into invoice status Payment certainty and details Easier and faster access to cash Online collaboration with your customers means no more calls into AP

14 Supplier Value Proposition 5: No Fees Simply put suppliers will not use a platform that charges a fee More and more providers offer electronic invoicing free of charge to suppliers

15 Supplier Value Proposition 6: Financial Value Top Two Supplier Pain Points 1. When will you pay me? 2. Can you pay me earlier?

16 Supplier Value Proposition 6: Easier Cash for your suppliers Factoring market is growing 28.6% annually and exceeds $2.3 trillion Credit Card: 15% industry average APR Banks are reluctant to lend to SMB's, and often for steep rates Small business loans are effective for large capital expenditures but are generally not appropriate for day to day operational expenses

17 But Just in Case Not Everyone is Ready, there are still ways for the invoice to be submitted electronically 1 OCR 3 Please Verify OK 2 Any supplier can a pdf Data correction stays supplier responsibility Free e-invoicing as alternative with educational measures to ensure a smooth and seamless transition 4 BUYER

18 Greater Supplier Value = Greater Supplier Adoption 3. Interoperability 4. Transparent Vendor Portal 2. Covers all Transaction Types 1. Complete Solution Offering 5. No Supplier Fees Supplier Adoption 6. Financial Value

19 There Remains Another Problem Banks Benefit Not Buyers or Suppliers LARGE BUYER Invoice Approved on Day 5 Invoice-Net 60 SUPPLIER Invoices Buyer Buyer earns 0.5% annual interest until due date BANK Suppliers Factors at 20% APR

20 Status Quo is Ineffective " Buyers Have Record Amounts of Cash Cash as % of Assets % 8% >10% " Typically Invested at Near-Zero Return 4-Week Interest Rates % 5% 0.1% " While Invoices are Ready to Be Paid! Days Until Approved Payment days 30 Days 45 Days

21 The Solution: Dynamic Discounting What is it: expanding beyond the typical 2% net 10 discount terms to capture more discounts The Benefit: greater returns on cash and increased supplier adoption of granting discounts

22 Dynamic Invoice Discounting Represents a Win-Win Enables large companies ( Buyers ) to save money and improve return on cash by paying suppliers early Enables smaller companies ( Suppliers ) to access less expensive financing alternatives by accepting time-variable Dynamic Discounts Imagine paying your suppliers less and having them thank you

23 Turning Issue to Opportunity Suppliers are willing to offer attractive discounts for early payment - Integrity and Reliability ensured Invoice Approval Opportunity Payment (due date) days Terms (days): " 120 Anheuser-Busch " 60 Hertz " 56 Industry Average " 45 Apple

24 Will Buyers Generate Acceptable ROI? Dynamic Discounting Solution Deployed $31.4m This Solution has saved us more money quicker than anticipated - Ben Shaffer, PG&E $3.9m $5.8m $10m Economics for PG&E: Break-even: 6 weeks after go-live ROI: >2000% in first 12 months

25 Will Suppliers Actually Enroll? 110% 88% 66% 44% 22% 0% Go-Live Week 1 Week 3 Week 5 Week 7 Results: Go- live 3.5 months a2er contract signature: 45% of previous networked suppliers converted within 1 week 99% converted within 5 weeks Now enrolling non- previous networked suppliers: 30% of invited enrolled within 1 ½ weeks $5M in discounts/billion in spend 7 Employees in AP department Taulia Previous solution

26 Is the Process Timely? Since go-live 3 months ago we ve saved $140K that s more than $500K in annual savings and that s just the tip of the iceberg. We expect to achieve annual savings of $1.5 2 million. For a program with minimal up-front investment that s given us a very rapid return on our investment. And furthermore, we ve been surprised how enthusiastic our suppliers have been. - Robert Locke, Director of Strategic Sourcing and Supplier Diversity

27

28

29

30 Our Vision of Tomorrow for You as a Buyer Free E- invoicing and Visibility Portal Free for your Suppliers and free for you Increased profits From Dynamic Discounting Start electronic immediately Onboarding Guarantee Great supplier relationships Much better Supplier Value at no cost = win-win

31 Markus Ament Chief Questions?

Case study: How PG&E reduced annual total spend and streamlined AP with a cloud- based solu=on for SAP

Case study: How PG&E reduced annual total spend and streamlined AP with a cloud- based solu=on for SAP Case study: How PG&E reduced annual total spend and streamlined AP with a cloud- based solu=on for SAP Ma$ Wright, VP of Client Services, Taulia Inc. Ben Shaffer, Manager Accounts Payable, Pacific Gas

More information

Lessons Learned From Advanced Discount Management in Accounts Payable

Lessons Learned From Advanced Discount Management in Accounts Payable Lessons Learned From Advanced Discount Management in Accounts Payable Ma$ Wright, VP of Client Services, Taulia Inc. Greg Bloom, Senior Director Solu@ons Consul@ng, Taulia Inc. Abstract Hear first-hand,

More information

Maximizing Supplier Adoption Methods for Achieving Perfection in AP When Suppliers are Sluggish

Maximizing Supplier Adoption Methods for Achieving Perfection in AP When Suppliers are Sluggish Maximizing Supplier Adoption Methods for Achieving Perfection in AP When Suppliers are Sluggish Jimmy LeFever Director, Research and Consulting PayStream Advisors Today s Presenter Jimmy LeFever Director,

More information

First Walk Then Learn to Run: Is einvoicing Really Enough?

First Walk Then Learn to Run: Is einvoicing Really Enough? First Walk Then Learn to Run: Is einvoicing Really Enough? Maex Ament Chief Product Officer, Taulia START einvoicing is dead. einvoicing on its own does not provide enough value creation Operational efficiencies

More information

Strategic Healthcare Automation

Strategic Healthcare Automation Strategic Healthcare Automation Implementing Tailored Solutions for Successful Healthcare P2P Featuring insights on... Healthcare-Focused AP and P2P Software Strategic Implementation of Healthcare-Focused

More information

E- invoicing Without the Network: Best Prac8ces to Organically Grow Your E- Invoice Share. Bertram Meyer, CEO Taulia Inc.

E- invoicing Without the Network: Best Prac8ces to Organically Grow Your E- Invoice Share. Bertram Meyer, CEO Taulia Inc. E- invicing Withut the Netwrk: Best Prac8ces t Organically Grw Yur E- Invice Share Bertram Meyer, CEO Taulia Inc. E-Invicing withut a netwrk Why this title? Technlgy changes make netwrk size matter less

More information

Dominion Energy Invoicing and Payment Dynamic Discounting

Dominion Energy Invoicing and Payment Dynamic Discounting Dominion Energy Invoicing and Payment Dominion Energy What is it? A Dynamic Discount is a type of early payment discount, but it differs from a traditional discount in the following ways: Example: Traditional

More information

Order-to-Pay Webinar Series

Order-to-Pay Webinar Series April 22, 2010 Order-to-Pay Webinar Series Tools and Strategies for Optimizing Working Capital S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L Joseph Murphy, J.P. Morgan JPMorgan Chase & Co.

More information

The Ultimate Guide to Supplier Onboarding Success

The Ultimate Guide to Supplier Onboarding Success The Ultimate Guide to Supplier Onboarding Success The Ultimate Guide to Supplier Onboarding Success Many companies have hundreds or thousands of trading partners across their organization, and a great

More information

Ariba Network Enabling Business Commerce in a Digital Economy

Ariba Network Enabling Business Commerce in a Digital Economy SAP Brief SAP Ariba s Ariba Network Ariba Network Enabling Business Commerce in a Digital Economy SAP Brief Automate commerce to connect In a digital economy, moving from paper to electronic processing

More information

Buy Right-Pay Right AP s Vital Role in P2P Transformation and Working Capital

Buy Right-Pay Right AP s Vital Role in P2P Transformation and Working Capital Buy Right-Pay Right AP s Vital Role in P2P Transformation and Working Capital Christine Betz Process & Efficiency Improvement Lead, AP American Electric Power Tanya Grannemann Senior Director Ariba Strategic

More information

Table of Contents. Introduction Study Summary Participants Share AP Customer Service Challenges... 5

Table of Contents. Introduction Study Summary Participants Share AP Customer Service Challenges... 5 Waste Page 1 Table of Contents Introduction... 3 Study Summary... 4 Participants Share AP Customer Service Challenges... 5 Staff Organization for Handling AP Customer Service... 7 Common Inquiries from

More information

Simplifying your financial supply chain. Payments Unbound.

Simplifying your financial supply chain. Payments Unbound. Simplifying your financial supply chain. Payments Unbound. At WEX we recognize the challenge and responsibility companies have for delivering profitable revenue growth we share a common commitment to support

More information

Cash Flow Optimization: Faster Payments in a Fast-Paced World

Cash Flow Optimization: Faster Payments in a Fast-Paced World Cash Flow Optimization: Faster Payments in a Fast-Paced World Patrick Swisher, Field Marketing Coordinator April 11, 2017 CASH FLOW IS KING You can be profitable and still be bankrupt. You must closely

More information

Best Methods for Invoice Capture

Best Methods for Invoice Capture Best Methods for Invoice Capture Jessica Staley Principal Program Manager, Concur Agenda Understand the landscape Explore methods for invoice capture E-Invoices OCR Technology Managed Services Success

More information

Dominion Energy Invoicing and Payment portal powered by Taulia

Dominion Energy Invoicing and Payment portal powered by Taulia Dominion Energy Invoicing and Payment portal powered by Taulia What is it? Electronic Invoicing (E-Invoicing) is electronic invoicing submitted through an electronic network or web portal. Dominion Energy

More information

The New World of the Networked Business. Diana Brown Senior Director, Network Strategy

The New World of the Networked Business. Diana Brown Senior Director, Network Strategy The New World of the Networked Business Diana Brown Senior Director, Network Strategy The Challenge: Too many ineffective approaches for B2B collaboration across the End to End Process Buyers Your Company

More information

Turning Accounts Payable and Procurement into a Competitive Advantage What you need to know about the latest advances in technology

Turning Accounts Payable and Procurement into a Competitive Advantage What you need to know about the latest advances in technology Turning Accounts Payable and Procurement into a Competitive Advantage What you need to know about the latest advances in technology CPE Credit Are you planning to apply for CPE credit for attending today

More information

Why Businesses Love Payables Lockbox

Why Businesses Love Payables Lockbox Why Businesses Love Payables Lockbox (And Yours Should, Too!) A whitepaper examining how businesses can streamline accounts payable processing, reduce payment processing time, and lower accounts payable

More information

APP2P SPRING CONFERENCE & EXPO

APP2P SPRING CONFERENCE & EXPO APP2P SPRING CONFERENCE & EXPO Accounts Payable Done Right: Supplier Engagement & Payments Optimization Ernie Humphrey, CTP CEO & COO LEARNING OBJECTIVES Identify and remove inherent barriers to accounts

More information

Dominion Energy Invoicing and Payment Portal Invoice Inquiry

Dominion Energy Invoicing and Payment Portal Invoice Inquiry Dominion Energy Invoicing and Payment Portal Dominion Energy What is the Taulia portal? The Taulia web portal provides functionality to view the status of all of your invoices in process with Dominion

More information

easy E-INVOICING: IT S TIME TO SWITCH Why moving to e-invoicing is easier, faster and better for your business than ever before.

easy E-INVOICING: IT S TIME TO SWITCH Why moving to e-invoicing is easier, faster and better for your business than ever before. easy E-INVOICING: IT S TIME TO SWITCH Why moving to e-invoicing is easier, faster and better for your business than ever before. Introduction For all the talk of the paperless workplace, one area has so

More information

5 Ways e-invoicing Can Boost AR Productivity

5 Ways e-invoicing Can Boost AR Productivity 5 Ways e-invoicing Can Boost AR Productivity 5/31/2016 The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: ABOUT ME Professional Summary Michael has spent the past 17 years working

More information

Dominion Energy Invoicing and Payment Portal E-Invoicing

Dominion Energy Invoicing and Payment Portal E-Invoicing Dominion Energy Invoicing and Payment Portal Dominion Energy What is it? is electronic invoicing submitted through an electronic network or web portal. Dominion currently uses the Taulia web portal for

More information

How the world s largest Airline Enhanced Efficiency and Revenue by Implementing an AP Automation Strategy

How the world s largest Airline Enhanced Efficiency and Revenue by Implementing an AP Automation Strategy How the world s largest Airline Enhanced Efficiency and Revenue by Implementing an AP Automation Strategy By ipayables P a g e 1 5 The world s largest airline was seeking a more efficient way to manage

More information

Exception management and the evolving role of a Credit Manager. Linda van Kampen VP Sales February 2018

Exception management and the evolving role of a Credit Manager. Linda van Kampen VP Sales February 2018 Exception management and the evolving role of a Credit Manager Linda van Kampen VP Sales February 2018 1 Linda van Kampen VP Sales Linda.vankampen@order2cash.com 2 What is the role of credit management?

More information

E-INVOICING MADE EASY

E-INVOICING MADE EASY ebook: Accounts Receivable E-INVOICING MADE EASY Taking Control of Your AR Process E-Invoicing Made Easy 2 TABLE OF CONTENTS E-INVOICING MADE EASY Taking Control of Your AR Process Purpose of this ebook...

More information

The PremierConnect ROI Calculator referred to in this document is provided to you subject to the Dell Software License Agreement terms located here:

The PremierConnect ROI Calculator referred to in this document is provided to you subject to the Dell Software License Agreement terms located here: The benefits of Dell PremierConnect The PremierConnect ROI Calculator referred to in this document is provided to you subject to the Dell Software License Agreement terms located here: http://www.dell.com/content/topics/global.aspx/policy/en/policy?c=us&cs=555&l=en&s=biz&~section=015

More information

The value of Virtual Payables Paper to electronic conversion continues

The value of Virtual Payables Paper to electronic conversion continues The value of Virtual Payables Paper to electronic conversion continues #1 Bank of America Merrill Lynch ranked No. 1 provider of purchasing/virtual payables programs by volume Nilson Report ranking, June

More information

PHILIPS. To Philips Suppliers. From Fredrick Spalcke Simone Noordegraaf. Subject: Philips has moved to e-lnvoicing

PHILIPS. To Philips Suppliers. From Fredrick Spalcke Simone Noordegraaf. Subject: Philips has moved to e-lnvoicing PHILIPS Philips Procurement Philips Finance Operations To Philips Suppliers From Fredrick Spalcke Simone Noordegraaf July 2014 Subject: Philips has moved to e-lnvoicing Dear Valued Business Partner, As

More information

Maximo as a tool for e-commerce Mike Popovic. Presented at: CanMUG Toronto May 9, 2017

Maximo as a tool for e-commerce Mike Popovic. Presented at: CanMUG Toronto May 9, 2017 Maximo as a tool for e-commerce Mike Popovic Presented at: CanMUG Toronto May 9, 2017 P2Insight MIKE POPOVIC AND P2INSIGHT I am a 20+ year Maximo and EAM veteran Previously with PopWare and The Createch

More information

Financing Your Automation and Automating Your Finances. A presentation for:

Financing Your Automation and Automating Your Finances. A presentation for: Financing Your Automation and Automating Your Finances A presentation for: 1 1 Welcome CAMPS Information Session Introduction and Agenda Erin Whipple V.P. Enterprise Commercial Payments AP Automation Solutions

More information

Thanksgiving is on the way and so is paperless invoicing enroll before November 21 st to ensure you get paid

Thanksgiving is on the way and so is paperless invoicing enroll before November 21 st to ensure you get paid Thanksgiving is on the way and so is paperless invoicing enroll before November 21 st to ensure you get paid Dear Valued Supplier, Mohawk Industries has partnered with Tungsten Network to implement electronic

More information

The Benefits and Basics of Electronic Invoicing. A Celtrino Guide

The Benefits and Basics of Electronic Invoicing. A Celtrino Guide The Benefits and Basics of A Celtrino Guide What is e-invoicing? 1 Types of e-invoicing 1 How it Works 2 E-Invoicing Benefits 3 Benefits to Suppliers 3 Benefits to Buyers 4 Summary of cost/resource savings

More information

May 7-9, 2017 Disney s Yacht & Beach Club Resorts, Florida. How to Know if You re Prepared for Full AP Automaton

May 7-9, 2017 Disney s Yacht & Beach Club Resorts, Florida. How to Know if You re Prepared for Full AP Automaton May 7-9, 2017 Disney s Yacht & Beach Club Resorts, Florida How to Know if You re Prepared for Full AP Automaton Who Are We? Jess Scheer Continuing Education Manager, IOFM Chris Carberry Senior Director

More information

ACCOUNTS PAYABLE AUTOMATION

ACCOUNTS PAYABLE AUTOMATION 1 Introduction Accounting teams across the globe are consistently under-served by antiquated technology, most of which is decades old. They are asked to do more with less. With these pressures and the

More information

2015 Invoice Workflow Automation Report

2015 Invoice Workflow Automation Report 2015 Invoice Workflow Automation Report Exploring the Efficiency and Value of Invoice Workflow Automation (IWA) Technology Featuring insights on...» Current Market Trends in IWA Software Usage» Benefits

More information

Operational and Strategic Benefits in Automating Accounts Payable

Operational and Strategic Benefits in Automating Accounts Payable Operational and Strategic Benefits in Automating Accounts Payable Published April 2013. Copyright 2013 by The Institute of Financial Operations All rights reserved. Reproduction or transmission of this

More information

Kraft Heinz Accounts Payable Update Electronic Invoicing

Kraft Heinz Accounts Payable Update Electronic Invoicing Kraft Heinz Accounts Payable Update Electronic Invoicing Overview As you may be aware from previous communications, Kraft Heinz is implementing several changes in our Procurement and Accounts Payable areas.

More information

Mohawk Industries/Dal-Tile International is continuing to phase out paper invoices!

Mohawk Industries/Dal-Tile International is continuing to phase out paper invoices! Mohawk Industries/Dal-Tile International is continuing to phase out paper invoices! Dear Valued Supplier, Mohawk Industries is pleased to include your organization in an initiative to streamline our accounts

More information

Automating the Account Payables Process Integrating Documents with PeopleSoft. November 2016

Automating the Account Payables Process Integrating Documents with PeopleSoft. November 2016 Automating the Account Payables Process Integrating Documents with PeopleSoft November 2016 Agenda Introductions Arvind Rajan Co Founder Bob Singh Account Executive Niraj Parikh Solution Sales Engineer

More information

Achieve business transformation, while cutting cost and complexity. Accounts Payable Automation

Achieve business transformation, while cutting cost and complexity. Accounts Payable Automation Achieve business transformation, while cutting cost and complexity Accounts Payable Automation Unlock the strategic value of Accounts Payable With Proactis Accounts Payable Automation you obtain a highly

More information

E-INVOICING Action Required: OB10 Registration

E-INVOICING Action Required: OB10 Registration E-INVOICING Action Required: OB10 Registration June 2013 Dear..Sir/Madam, Unilever has taken a strategic decision to encourage all suppliers to migrate towards electronic invoicing. Unilever Europe receives

More information

2016 P2P for Indirect Spend Report

2016 P2P for Indirect Spend Report 2016 P2P for Indirect Spend Report Streamlining and Controlling Company Spend with Purchase-to-Pay (P2P) Automation Featuring insights on... Current Market Trends in Organizations Indirect Spend Processes

More information

Measuring the Impact of AP Automation A 5 Step Guide

Measuring the Impact of AP Automation A 5 Step Guide Measuring the Impact of AP Automation A 5 Step Guide Bottomline Technologies Technology is constantly evolving, with change accelerating seemingly overnight. When the professional networking site LinkedIn

More information

Concur // AP Automation Best Practices. AP Automation Best Practices

Concur // AP Automation Best Practices. AP Automation Best Practices AP Automation Best Practices Index 3 5 8 11 13 15 Introduction Invoice Receipt and Capture Simplified Invoice Processing Supplier Management and Communication Timely, Simple Payments Visible Reporting

More information

2016 AP & Working Capital Report

2016 AP & Working Capital Report 2016 AP & Working Capital Report Unlocking Savings in Accounts Payable with Working Capital Optimization Featuring insights on...» Current Trends in Working Capital Strategies for Accounts Payable» The

More information

Bridge the digital gap in your supply chain: How to digitally collaborate with non-digital trading partners

Bridge the digital gap in your supply chain: How to digitally collaborate with non-digital trading partners Bridge the digital gap in your supply chain: How to digitally collaborate with non-digital trading partners? The disconnect between digital supply chains and non-digital partners For many enterprises,

More information

Accounts Payable Networks Automating Delivery to New Channels. Bruno Perreault, Senior VP 10/17/2013

Accounts Payable Networks Automating Delivery to New Channels. Bruno Perreault, Senior VP 10/17/2013 Accounts Payable Networks Automating Delivery to New Channels Bruno Perreault, Senior VP 10/17/2013 Accounts Payable Networks - Background Customer Survey Results Billtrust Solutions New Invoice Central

More information

Simplify Invoice Processing for Complex, Project-Based Spend

Simplify Invoice Processing for Complex, Project-Based Spend SAP Brief SAP Ariba Financial Supply Chain SAP Ariba Contract Invoicing Simplify Invoice Processing for Complex, Project-Based Spend SAP Brief Take the complexity out of services invoicing Complex project-based

More information

Simplifying The Accounts Payable Process

Simplifying The Accounts Payable Process Simplifying The Accounts Payable Process For businesses looking to reduce costs and improve efficiency, automating labor-intensive and errorprone processes such as accounts payable (AP) should be an easy

More information

The presentation will begin shortly. Audio will be streamed directly via your computer speakers. Enjoy the webcast!

The presentation will begin shortly. Audio will be streamed directly via your computer speakers. Enjoy the webcast! The presentation will begin shortly. Audio will be streamed directly via your computer speakers. Enjoy the webcast! Seattle, WA March 12-16, 2018 Register: https://fusion.concur.com/ Solution Series Unlock

More information

Inside magazine issue 16 Part 01 - From a digital perspective Re-envisioning the customer banking experience

Inside magazine issue 16 Part 01 - From a digital perspective Re-envisioning the customer banking experience Re-envisioning the customer banking experience Olivier de Groote Partner Financial Services Industry Leader Deloitte Cedric Deleuze Partner Technology Deloitte Deloitte s digital bank solution is fundamentally

More information

Tungsten Onboarding and Invoice Reference Guide

Tungsten Onboarding and Invoice Reference Guide Tungsten Onboarding and Invoice Reference Guide Contents Tungsten Network Overview... 2 Benefits of Using the Tungsten Network... 2 Invoice Delivery Options... 2 Webform... 2 Integrated Solution... 2 AP

More information

Electronic Invoice Management

Electronic Invoice Management Electronic Invoice Management A Move to the Middle Q1 2014 Featuring Insights on... Underwritten in part by Barriers to einvoice Adoption Building a Case for AP Automation Usage of AP Automation Factors

More information

2016 AP & Working Capital Report

2016 AP & Working Capital Report 2016 AP & Working Capital Report Unlocking Savings in Accounts Payable with Working Capital Optimization Featuring insights on...»» Current Trends in Working Capital Strategies for Accounts Payable»» The

More information

Mondelez Mexico is moving to e-invoicing

Mondelez Mexico is moving to e-invoicing May 14th 2014 Mondelez Mexico is moving to e-invoicing Dear Supplier We are writing to inform you that Mondelez Mexico is implementing an electronic invoicing program, which will allow you to submit your

More information

OpenTicket Product Overview

OpenTicket Product Overview OpenTicket Product Overview CONNECT AUTOMATE COLLABORATE 05.18 OVERVIEW The oil and gas industry has a long history of incredible innovation. Recent innovations such as directional drilling, fracking,

More information

The What, Why, How and WOW Behind Dynamic Discounting and Supply Chain Financing

The What, Why, How and WOW Behind Dynamic Discounting and Supply Chain Financing The What, Why, How and WOW Behind Dynamic Discounting and Supply Chain Financing Presented by Tom Glassanos of The Bavelos Group October 2016 Bavelos Group Profile ADVISORY SERVICES FOR WORKING CAPITAL

More information

Thank you for your commitment to providing Henkel with quality materials and services.

Thank you for your commitment to providing Henkel with quality materials and services. Henkel transitions to electronic invoicing with Tungsten Network Dear Valued Supplier, Thank you for your commitment to providing Henkel with quality materials and services. As part of our ongoing efforts

More information

Mondelēz Accounts Payable Update Electronic Invoicing. Overview. Next Steps

Mondelēz Accounts Payable Update Electronic Invoicing. Overview. Next Steps Mondelēz Accounts Payable Update Electronic Invoicing Overview As you may be aware from previous communications, Mondelēz International is implementing several changes in our Procurement and Accounts Payable

More information

Best of Breed Automation September 2014

Best of Breed Automation September 2014 www.pwc.com Best of Breed Automation September 2014 Tom Torlone Managing Director, US Leader Shared Services and Outsourcing Advisory Tom is a Managing Director at and is the U.S. Leader of the firm s

More information

1 June Dear Sir / Madam,

1 June Dear Sir / Madam, 1 June 2012 Dear Sir / Madam, As a key Apple partner, we would like to take this opportunity to inform you of some recent enhancements to better support Apple s Accounts Payable (AP) processes. Apple has

More information

New Opportunities in B2B Payments

New Opportunities in B2B Payments A MASTERCARD MARKET INTELLIGENCE REPORT New Opportunities in B2B Payments Perspectives on creating value for middle-market companies Table of contents This document includes interactive features to help

More information

Dear Valued Supplier,

Dear Valued Supplier, Dear Valued Supplier, Thank you for your commitment to providing Centrica with quality materials and services. As part of our ongoing efforts to enhance and streamline the way we do business with suppliers,

More information

Enhancing Procurement Card Programs For E-Commerce & Mission Success. IntraMalls Assurance Services

Enhancing Procurement Card Programs For E-Commerce & Mission Success. IntraMalls Assurance Services Enhancing Procurement Card Programs For E-Commerce & Mission Success IntraMalls Assurance Services IntraMall Mission Deliver Extraordinary Value E-Purchase Payment Efficiencies P-Cards and Electronic Funds

More information

The Future of Accounts Payable

The Future of Accounts Payable May 7-9, 2017 Disney s Yacht & Beach Club Resorts, Florida The Future of Accounts Payable Presented by: Mark Brousseau May 7-9, 2017 Disney s Yacht & Beach Club Resorts, Florida Accounts Payable Automation

More information

Dear Sir / Madam. GSK is moving to Electronic Invoicing

Dear Sir / Madam. GSK is moving to Electronic Invoicing July 2013 Dear Sir / Madam GSK is moving to Electronic Invoicing As part of GSK s ongoing policy to continuously improve efficiency and service (to customers and suppliers alike). In order to adapt fast

More information

Are Your Virtual Card Payments Really Check Payments in Disguise? MUFG Union Bank, N.A. A member of MUFG, a global financial group

Are Your Virtual Card Payments Really Check Payments in Disguise? MUFG Union Bank, N.A. A member of MUFG, a global financial group Are Your Virtual Card Payments Really Check Payments in Disguise? MUFG Union Bank, N.A. A member of MUFG, a global financial group Agenda 1.ePayables in the Payment Landscape 2.Overview of Supplier-Initiated

More information

A Holistic Approach to Source-to-Pay

A Holistic Approach to Source-to-Pay A Holistic Approach to Source-to-Pay Featuring insights on... Pains of Segmented Source-to-Pay Streamlining the Supply Chain Case Study: Outerwear Company Contents Introduction 3 Unifying Segmented Source-to-Pay

More information

Automation and optimization of the whole financial processing chain the key to success.

Automation and optimization of the whole financial processing chain the key to success. Tieto 2010 Automation and optimization of the whole financial processing chain the key to success. Table of contents Financial Processing Chain Implementation 4 Integrating Business Messages and Connectivity

More information

MAKING PAYMENTS & MAXIMISING CASH FLOW

MAKING PAYMENTS & MAXIMISING CASH FLOW MAKING PAYMENTS & MAXIMISING CASH FLOW www.openecx.co.uk www.invapay.com Invapay is an Optal Group Company OVERVIEW The UK construction industry is notoriously challenged by delayed and late B2B payments,

More information

General Electric Power Supplier Summit. The Benefits of Collaborative Business Commerce with General Electric Power

General Electric Power Supplier Summit. The Benefits of Collaborative Business Commerce with General Electric Power General Electric Power Supplier Summit The Benefits of Collaborative Business Commerce with General Electric Power Agenda Welcome and Introductions Overview of GE Power Initiative Impact and Benefits The

More information

Ask the Right Questions: What to Look for in an epayables Partner

Ask the Right Questions: What to Look for in an epayables Partner Ask the Right Questions: What to Look for in an epayables Partner So you re thinking about implementing a virtual credit card program (also known as epayables or virtual payments) or changing your current

More information

Supplier Network Management

Supplier Network Management Supplier Network Management Managing Suppliers in an Integrated Economy Q4 2014 Featuring Insights on... Supplier Network Capabilities Underwritten in part by Key Drivers of Supplier Management Solution

More information

Implementa)on: Where It Can Go All Right or All Wrong. # 235 Joe Crowley, ECM Director

Implementa)on: Where It Can Go All Right or All Wrong. # 235 Joe Crowley, ECM Director Implementa)on: Where It Can Go All Right or All Wrong # 235 Joe Crowley, ECM Director OUTLINE About TransCentra Improving AP with Technology TransCentra Approach Project Implementation Challenges Questions

More information

Electronic accounts payable: increasing compliance, control and security

Electronic accounts payable: increasing compliance, control and security Electronic accounts payable: increasing compliance, control and security As the federal government approaches the digital transformation, Mastercard stands ready to discuss with agencies and organizations

More information

Converga InvoiceMe (einvoicing) Report 1 of 3. Whitepaper

Converga InvoiceMe (einvoicing) Report 1 of 3. Whitepaper Converga InvoiceMe (einvoicing) Report 1 of 3 Whitepaper einvoicing in the Asia Pacific; Singapore and Hong Kong Focus As many economists and politicians point out, we are at the beginning of the Asian

More information

WHITE PAPER SERIES: A CORPORATE PERSPECTIVE Commercial Payments

WHITE PAPER SERIES: A CORPORATE PERSPECTIVE Commercial Payments Commercial Payments JULY 2017 About This Series Through this series of whitepapers, we examine the dynamic and growing commercial payments sector. This issue provides insight into the challenges and opportunities

More information

Turn Accounts Payable into a Profit Center. Sandy Shropshire Vice President Business Development

Turn Accounts Payable into a Profit Center. Sandy Shropshire Vice President Business Development Turn Accounts Payable into a Profit Center Sandy Shropshire Vice President Business Development 770-445-6901 Company Background AOC Solutions Inc.: Founded in 1996 Offices in Chantilly, VA, Morgantown,

More information

Supplier FAQ s for submitting invoices to Caesars Entertainment via OB10

Supplier FAQ s for submitting invoices to Caesars Entertainment via OB10 Supplier FAQ s for submitting invoices to Caesars Entertainment via OB10 What is electronic invoicing? Electronic invoicing (e-invoicing) is a communication methodology that utilizes the Internet to allow

More information

Building Strategic Accounts Receivable

Building Strategic Accounts Receivable Building Strategic Accounts Receivable Optimizing Accounts Receivable (AR) with Strategic AR Automation Software Featuring insights on...»» Current Market Trends in AR Management»» The Benefits of AR Automation

More information

Increase Cash Returns and Optimize Working Capital with Early-Payment Discounts

Increase Cash Returns and Optimize Working Capital with Early-Payment Discounts SAP Brief SAP Ariba Financial Supply Chain s SAP Ariba Payables, Discounting Capability Increase Cash Returns and Optimize Working Capital with Early-Payment Discounts SAP Brief Make the most of your short-term

More information

CoreCard Software White Paper Series Accounts Receivable Management for Manufacturers and Suppliers

CoreCard Software White Paper Series Accounts Receivable Management for Manufacturers and Suppliers CoreCard Software White Paper Series Accounts Receivable Management for Manufacturers and Suppliers Going Beyond the Basic Receivable Programs Found in Traditional Accounting Systems November 2009 Table

More information

Dear Valued Supplier, Re: Shaw Industries Group, Inc. is phasing out paper invoices!

Dear Valued Supplier, Re: Shaw Industries Group, Inc. is phasing out paper invoices! Dear Valued Supplier, Re: Shaw Industries Group, Inc. is phasing out paper invoices! Shaw Industries is very pleased to announce a progressive change in our accounts payable process that will ensure our

More information

AGENT INSTITUTION Presentation

AGENT INSTITUTION Presentation AGENT INSTITUTION Presentation Agenda All About BBPS RBI Circular Agent Institution within BBPS On-boarding Process Technical Requirement Agenda All About BBPS RBI Circular Agent Institution within BBPS

More information

Keep Moving Forward. How to Accelerate Your Electronic Payables Momentum. UMACHA Navigating Payments October 8, 2014

Keep Moving Forward. How to Accelerate Your Electronic Payables Momentum. UMACHA Navigating Payments October 8, 2014 Keep Moving Forward How to Accelerate Your Electronic Payables Momentum UMACHA Navigating Payments October 8, 2014 Peter Zakrajsheck Payables Product Manager Greg Rettinger, Vice President Global Treasury

More information

PULP FRICTION: The Case for Paper-free P2P. Sponsored by: Pulp Friction: The Case for Paper-free P2P 1

PULP FRICTION: The Case for Paper-free P2P. Sponsored by: Pulp Friction: The Case for Paper-free P2P 1 PULP FRICTION: The Case for Paper-free P2P Sponsored by: Pulp Friction: The Case for Paper-free P2P 1 Published April 2013. Copyright 2013 by The Institute of Financial Operations All rights reserved.

More information

Power your Order to Cash Cycle Get the cash impact you need

Power your Order to Cash Cycle Get the cash impact you need www.hcltech.com Power your to Cash Cycle Get the cash impact you need The order to cash cycle is the financial lifeblood of any organization. Not only does it determine how quickly an order from a customer

More information

Helping Your Small Business Customers Adopt Electronic Payments

Helping Your Small Business Customers Adopt Electronic Payments Helping Your Small Business Customers Adopt Electronic Payments Mary Hughes, Federal Reserve Bank of Mpls. Stephanie Hansen, Venture Bank Navigating Payments 2015 October 8, 2015 Mary Hughes Senior Payments

More information

How a Vendor Self-Service Portal Helps Reduce Cost, Increase Productivity and Enhance AP Customer Service

How a Vendor Self-Service Portal Helps Reduce Cost, Increase Productivity and Enhance AP Customer Service How a Vendor Self-Service Portal Helps Reduce Cost, Increase Productivity and Enhance AP Customer Service (678) 894-4600 www.invoiceinfo.com How a Vendor Self-Service Portal Helps Reduce Cost, Increase

More information

WHERE DO YOU WANT TO GROW. Solutions for Community Financial Institutions

WHERE DO YOU WANT TO GROW. Solutions for Community Financial Institutions WHERE DO YOU WANT TO GROW TODAY? Solutions for Community Financial Institutions 2 Today s users demand more from their financial institution. They expect their banking experiences to be digital, easy,

More information

6 Attributes of a Best-in-Class Accounts Payable Operation Resulting from Portal-based E-Invoicing

6 Attributes of a Best-in-Class Accounts Payable Operation Resulting from Portal-based E-Invoicing 6 Attributes of a Best-in-Class Accounts Payable Operation An AP & P2P white paper Sponsored by Process improvement is on the accounts payable department s agenda. Improving processes and automating manual

More information

HSBC is a leading, truly international bank

HSBC is a leading, truly international bank HSBC is a leading, truly international bank Priority Network Rep office GPB 20.3 13.2 15.1 1.7 $51.5bn 121.5 301.0 299.3 16.0 $868.6bn 6.5 6.8 5.8 0.3 $21.0bn 346.1 316.5 252.5 40.3 $963.0bn 639.6 362.9

More information

The New World of Accounts Payable: When Invoices Process Themselves. Michael Cerda, SAP Ariba May 2018

The New World of Accounts Payable: When Invoices Process Themselves. Michael Cerda, SAP Ariba May 2018 The New World of Accounts Payable: When Invoices Process Themselves Michael Cerda, SAP Ariba May 2018 Agenda What We ll Cover What s Driving The New World of Accounts Payable Reimagined Accounts Payable

More information

Introduction. Table of Contents

Introduction. Table of Contents Introduction To stay competitive, you know how important it is to find new ways to streamline and save on your company s operations. Learning how leading companies handle commercial payments can give you

More information

Overview. Service Description What does the service provide? 3. Context Basis of service (SIS), the solution 4-5

Overview. Service Description What does the service provide? 3. Context Basis of service (SIS), the solution 4-5 SIS e-invoicing Overview Service Description What does the service provide? 3 Context Basis of service (SIS), the solution 4-5 The Mobilization Initiative Why is there a need?..6 Key Figures and features

More information

C2FO. All rights reserved 1

C2FO. All rights reserved 1 C2FO. All rights reserved 1 Managing a company s financial infrastructure is one of the most challenging aspects of a treasurer s role, and it has become increasingly difficult in the years since the most

More information

linked2pay Small Business Solutions

linked2pay Small Business Solutions linked2pay Small Business Solutions Agenda: Present use case scenarios Solutions Overview Bank Testimonial Product demonstration Use case solutions & process flow ROI/Promotional pricing Getting started

More information