10 Things YUM! Brands Gained by Implementing AP Automation Dave Lowe – YUM! Brands May 2014

A Little About Yum! Brands Largest restaurant company in the world – 39,000+ units around the globe Annual revenue of approximately $13B Process 1.1+ million invoices annually

Internet Invoicing at Yum! Brands iPayables platform in place since January, 2011 – 4,600 vendors activated – $664+ million processed through system Primary driver for implementation – Elimination of paper invoices

Yum!’s Top 10 from Implementing #10 ELECTRONIC APPROVAL

#9 AUTHORIZATION POLICY COMPLIANCE

#8 VENDOR PORTAL 24/7 vendor visibility Allows vendors to effectively manage their business Reduced vendor calls – Down 57% Vendor support 100% free to vendors

#7 OPERATIONAL EFFICIENCY

#6 ENHANCED REPORTING CAPABILITIES

#5 INVOICE VISIBILITY Visibility to see as soon as submitted by vendor – No more “I mailed it” Visibility to see who it is waiting on for action – No more wondering who’s desk it is laying on – Critical for capturing needed accruals Visibility to see what action was taken – No more “I didn’t do it”, complete transparency

WORKFLOW REPORTING Invoice NumberBase Total DueInvoice DatePayment TermsRequestor Vendor NumberBill ToWere goods/services for a store?Status

Documentation stored electronically on invoice

– Participation post approval

#3 INVOICE TIMELINESS Increased speed of expense recognition – Elimination of mail Changes in vendor invoicing behavior 99%+ receive on time payment

#2 PROCESSING ACCURACY Significant reduction in the opportunity for processing errors – Most input required by vendor – Processing rules built into the system

#1 WORKFLOW Previously had no electronic workflow Decided upon 3 distinct workflows – Store level – Above store – Capital Workflow is driven by template

Internet Invoicing = Value Added Partner

Questions?