1. Educational Session ECM with GP
Tweet During today’s #GPUG<Location>, #GPUG<Topic>

2. Guess where this is?

3. How about this?

4. Last one, any ideas?

5. $14.21 2,308 12.4 days 2016 Invoicing Benchmarks 13.1%
Average Cost per Invoice
Averages Invoices per FTE
$14.21
2,308
Average Invoice Cycle Time
Average Exception Rate
12.4 days
Matt, we all know that many AP depts still struggle with manual AP Invoice processing and how inefficient that largely paper-based process can be but what are the actual numbers that are key indicators that people on our call should be aware of today?
Matt: Speaks to data.
Ray says: Wow…. How prevalent is paper in this process?
13.1%

6. The Best-in-Class Advantage: An AP Example
Per 1,000 Invoices
Best-in-Class Monthly Cost
$2,420
Best-in-Class $2.42 per invoice
All Others Monthly Cost:
$17,610
All Others $17.61 per Invoice
Matt Speaks to this slide as to how the best in class differs from all others.
Ray says: Those are some really eye opening numbers but now for the real question, how these organizations actually achieve these stellar results?
Best-in-Class AP groups have invoice processing costs that are 86% less than their competitors

7. Who Does AP Automation Benefit?
Matt speaks to this slide:
Ray says: Matt, our audience is probably out there saying great, but how do I get started? What advice do you give our audience today?

8. Streamline AP Invoice Approvals

9. Automatically Extract Information
Making the AP Invoice process easier and faster is what we’re all about. Recognize Vendor Invoices and extract information, even line item detail.

10. Streamline AP Invoice Review
Making the AP Invoice process easier and faster is what we’re all about. Even when reviewing exceptions, we draw your attention directly to the issue and give you the tools to quickly address it, even at a line item level!

11. Retrieve your documents directly from GP
MS Dynamics GP Document Management
Built in basic document attachment functionality already available to you.
Leverage existing equipment
If you currently have multi-function copiers/printers, they can likely be used as input scanners right now.
Advanced “Smart Process” Solutions
Advanced Document Management Solutions offer practical scalable processing solutions to maximize productivity.
Cost per invoice can be greatly reduced, justify the cost of the system immediately and improve the bottom line.
Valuable personnel can be re-assigned to higher value tasks to improve the bottom line and improve vendor relations.

12. Then View them in docSTAR eclipse
Easily view the AP Invoice and at the click of a button see all related documents as well.

13. Detailed drill-down reports
View key metrics using detailed drill-down reports such as Open Invoice Reports to help give you a more complete picture of outstanding liabilities than just what’s been entered into GP.

14. Why Make the Change? Automating AP simplifies invoice approval
AP teams no longer perform data entry
Teams become more strategic, instead of tactical
Significant cost-savings from operations
Able to capture more early payment discounts
36.7% annualized rate of return on 2/10, net 30 discounts
Matt speaks to this slide:
Ray says: I know it seems like the benefits might be isolated to the Accounts payable team but in truth Who are the top beneficiaries of AP Automation?

15. Strategies for Success
Make the business case for AP automation
Collaborate with all affected stakeholders
Examine scan-and-capture & document management as a first step toward full automation
AP metrics matter – identify and track the key financial, operational, and supplier indicators
Matt speaks to this slide:
Ray says: Thanks so much Matt. In just a moment we’ll move to taking questions but before we do I’d just like to thank Matt for joining us today and giving our audience such great insights into Ardent Partners’ research. We’d also like to thank our audience for joining us today and hope that you were able to take away some key information that you can act on right away. At docSTAR, we pride ourselves on providing solutions for increased productivity in a consultative fashion and we would appreciate the opportunity to discuss your needs with you and how we can help you achieve AP automation success in the short and long term.
Now let’s answer the questions from the audience.

16. Contact docSTAR (www.docstar.com)
Please contact
Rob Reid
docSTAR Corporate
(1-888-docSTAR)
Find docSTAR on LinkedIn, Twitter, Facebook, & Google+