4 Keys to AP Automation Success NO PAPER – NO PROBLEM

Poll Question What percentage of invoices are electronic? ◦100% ◦50% ◦25% ◦Under 25%

Poll Question What percentage of payments are electronic? ◦100% ◦50% ◦25% ◦Under 25%

Value – Before Automation

Value – After Automation

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◦Know Your Numbers ◦Numbers In Action ◦Have A Plan ◦The Advocate

More Than Knowing 1.Find Your Numbers 2.Know Your Numbers 3.Use Your Numbers

Poll Question How often do you use numbers to make decisions? ◦All The Time ◦When it calls for it ◦Sometimes ◦Not much at all

Step 1 - Find Your Numbers

Numbers

Step 2 - Know Your Numbers

Numbers 1500 = 40 CPI = $ Hours 21 People 20 Touches

Step 3 - Use Your Numbers

Numbers 1500 = 40 CPI = $ Hours 21 People 20 Touches

Numbers 1500 = 40 CPI = $ Hours 21 People 20 Touches

Numbers 1500 = 40 CPI = $ Hours 21 People 20 Touches

Numbers 8500 Hours 20 Touches 21 People CPI = $ = 40

Numbers Benchmarking $ Hours 20 Touches 21 People CPI = $ = 40

Numbers In Action

AB

A?

Strategy 4 - Plan 1500 = 40 CPI = $ Hours 21 People 20 Touches

AB

08500

$22 $9

9 Things To Do With New Time Grow the Business without Adding Staff New System Administration Reduce Headcount Centralize Accounting Vendor Discounts Contract and Pricing Negotiations Internal Controls Accounts Receivable Do Their Job

Change Management

The Great Experiment

Who Did Well? Who Didn’t Do Well?

An Advocate

What is it? Not Just 1 R-E-S-P-E-C-T Change Agent Loves Automation!

Find Your Number Know Your Numbers Use Your Numbers Numbers In Action The Plan Change Management The Advocate

Poll Question Where do we go from here? ◦Receive the AvidXchange Blog ◦Complete a Time Study ◦See a Customized Demo ◦Just Researching for Now, Thanks!

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