Transform your AP process with AI-powered vendor invoice management

26th THURSDAY | MAY | 2022 | 10:00 A M CST

Watch the Webinar

Processing an invoice involves an ecosystem that spans multiple functions, with stringent monitoring and tracking ensuring audit requirements and compliance. Many firms have invested significantly in accounts payable automation solutions, but these solutions still require significant manual interventions. In today’s competitive business environment, organizations are compelled to do more with less. Optimizing the accounts payable process is essential to free up trapped working capital. Let’s look at some of the best practices of the Accounts Payable process

•  Establish a single platform to receive invoices from disparate sources
•  Maintain a single platform to process and track invoice journey
•  Maintain a detailed audit trail of an invoice for compliance and audit requirements
•  Identify and eliminate errors, duplicates, and fraud before processing
•  Ensure timely payment to suppliers leveraging maximum early pay discount and no late fee payments
•  Enable collaboration with suppliers for improved supplier relationship management
•  Design and implement appropriate exception handling mechanisms and business rules
•  Improve real-time reporting and monitoring of invoices
• Automating singular tasks (through RPA, or custom programs) improves the productivity of individuals in the AP team. But the best practices advocate for certain capabilities that empower the AP team with holistic management of invoice processing throughout the invoice journey.

With a host of technologies (RPA, OCR, Artificial Intelligence, Machine Learning, etc) available to organizations, selecting the right set of technologies become a challenge. Choice of technologies depends heavily on the process that you have.

Q&A

Chat Box

Live Demo

In this Webinar, You’ll Learn How to

• Adopt a holistic Invoice Management Approach and Solution rather than just automating manual tasks
• Identify Process Improvement opportunities for your accounts payable process
• Calculate incremental value imparted by an Invoice Management Solution through financial terms(reduced expenses, more savings, increased working capital, and overall cash flow)
• Identify key capabilities to streamline your AP process resulting in financial gains for your business
• Curate and select an Invoice Management Solution just for your business needs

Unlock Value in your Invoice Processing by adopting an
Intelligent Invoice Management Approach

Enhanced
Collaboration

Improved
Productivity

Improved Audit
and Compliance

Ensure end-to-end
Visibility

Speakers

Sandeep Kumar

VP - Business Consulting & Value Realization,
Applexus Technologies

Maha Feghali-Vartanians

Executive Advisory & Architecture | Office of Innovation
SAP America

Richard Pascoe

VP – Consulting Services,
Applexus Technologies

Connect with one of our experts to know more on driving real-time actionable insights and optimum business performance leveraging the above offerings,