readsoft 2006 are you getting maximum value out of your purchase-to-pay process? cliff autin sr....

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ReadSoft 2006 Are You Getting Maximum Value Are You Getting Maximum Value Out of Your Purchase-to-Pay Out of Your Purchase-to-Pay Process? Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

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Page 1: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

Are You Getting Maximum Value Are You Getting Maximum Value Out of Your Purchase-to-Pay Out of Your Purchase-to-Pay

Process?Process?

Cliff AutinSr. Oracle Consultant

David UlinMid-West Regional Manager

Page 2: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

Learning Points

There are ways to get financial data into Oracle without

manual keying

Time and money can be saved by automating the P2P

process

Automation includes:– Capturing the image and the data

– 2-way & 3-way matching

– Exception handling

– Invoice coding and approvals

What does the technology look like?

Page 3: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

Top Pain Points in Your AP Process?

Source: PayStream Advisors Financial Automation Survey

Page 4: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

Accounts Payable Manager – Eliminate inefficiencies in the invoice process– Better process visibility– Better payment cycle time– More time for root cause analysis

Information Technology– Simple to administer and upgrade– Fits corporate Oracle IT strategy

Corporate Management– Lowest possible cost outlay– Visibility and control of liabilities– Accounting accuracy– Audit-ability

Business Drivers for OracleAP Optimization

Page 5: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

Leverage best practices in Accounts Payable Centralized receipt of invoices, regardless of format (scan, fax, email) Leverage existing Oracle infrastructure and business rules Auto matching capability PO-based invoices Improve cycle times with integrated workflow/account coding Leverage early pay discounts Centralized visibility, control and reporting

What Is the Vision for an Optimal Solution?

Page 6: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

Significant reduction of manual data entry Improved visibility and control of AP process Simplified account coding process No more lost or destroyed invoices (inter- company mail), elimination of paper End users can view invoice image and history Better enable SOX compliance

Business Benefits

Page 7: ReadSoft 2006 Are You Getting Maximum Value Out of Your Purchase-to-Pay Process? Cliff Autin Sr. Oracle Consultant David Ulin Mid-West Regional Manager

ReadSoft 2006

DemonstrationA packaged solution for invoice automation in Oracle E-

Business Suite