Accounts Payable Automation

Copyright iPayables 2012 Background iPayables, founded 1999, creates invoice and payment platform. Success based on solid technology (US Patent 6,826,542, others pending) and high service levels. Manages Invoices for over 94,000 active users from 150 countries Processed over $42,000,000,000 worth of invoices and over $380,000,000 worth of P-Card in 2012 Network: 109,230 Suppliers 55,484 electronic 23,264 imaged

Accounts Payable Automation The Technology Platform Invoice Receipt – e-invoice – Imaged invoice – File load Approval Processing – Workflow Approval – Purchase Order Matching – Dispute Resolution Payment Processing – ACH & Early Payment – P-card – Check Reporting/Reconciliation – Status Review – Dashboards – Remittance

Accounts Payable Automation Capture All Invoices Invoices are automatically routed based on your business rules Inquiry, Disputes Resolution eliminate payables involvement Suppliers Enter or Upload e-invoices (Paper invoices are converted to e-invoices)

Accounts Payable Automation Customer Benefits Efficiency Gains – No Paper, Data Entry, or Archiving – Eliminate Most Match Exceptions, Inquiries, and Disputes Cash Management/Discounts – More Predictable, Flexible Cash Flow – Reduce Overall Spend with Discounts and Rebates Better Control – Real Time Visibility – Enforce Match and Approval Rules – Improve Contract Compliance – Complete Audit History

Accounts Payable Automation Notification

Accounts Payable Automation Escalations Dear Approver, This is being sent as a reminder that one or more invoices are pending your review/approval. Please log on to the FedEx One portal at and click InvoiceWorks in the Quick Links section. Customer: FedEx Office Vendor: Bob A/C Repairshttps://fxkportal.kinkos.com Invoice Number: Invoice Date: 12/16/2012 P.O. Number: Invoice Total: 1, If no action is taken, follow-up reminder s will be sent. Help us reduce our costs through the use of electronic invoicing. Delays in invoice approval, unless you are disputing the invoice, may result in lost early pay discounts. PLEASE DO NOT REPLY TO THIS AUTOMATED MESSAGE

Accounts Payable Automation Supplier Benefits Process Automation – Eliminate billing processing costs (printing & postage) – Eliminate inbound check processing with ACH or P Card – Upload invoices from A/R or ERP system or manually “flip” online POs – Resolve disputes and view PO match exceptions in minutes, not weeks Other Benefits – Unprecedented management of payment timing – View payment status online anytime – $4-$13 Savings Per Transaction – Improved Customer Relations Supplier Fees