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4 Keys to AP Automation Success NO PAPER – NO PROBLEM.

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Presentation on theme: "4 Keys to AP Automation Success NO PAPER – NO PROBLEM."— Presentation transcript:

1 4 Keys to AP Automation Success NO PAPER – NO PROBLEM

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

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

4 Value – Before Automation

5 Value – After Automation

6 Meet Chris I write books. I have a website. www.apautomationnews.com

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

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

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

10 Step 1 - Find Your Numbers

11 Numbers

12 Step 2 - Know Your Numbers

13 Numbers 1500 = 40 CPI = $22 8500 Hours 21 People 20 Touches

14

15 Step 3 - Use Your Numbers

16 Numbers 1500 = 40 CPI = $22 8500 Hours 21 People 20 Touches

17 Numbers 1500 = 40 CPI = $22 8500 Hours 21 People 20 Touches

18 Numbers 1500 = 40 CPI = $22 8500 Hours 21 People 20 Touches

19 Numbers 8500 Hours 20 Touches 21 People CPI = $22 1500 = 40

20 Numbers Benchmarking $9 8500 Hours 20 Touches 21 People CPI = $22 1500 = 40

21 Numbers In Action

22 AB

23 A?

24 Strategy 4 - Plan 1500 = 40 CPI = $22 8500 Hours 21 People 20 Touches

25 AB

26 08500

27 $22 $9

28 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

29 Change Management

30 The Great Experiment

31 Who Did Well? Who Didn’t Do Well?

32 An Advocate

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

34

35 Find Your Number Know Your Numbers Use Your Numbers Numbers In Action The Plan Change Management The Advocate 1 2 3 4

36 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!

37 www.apautomationnews.com Free Book – SpreadSheet = celmore@avidxchange.com celmore@avidxchange.com


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