1. 10 Things YUM! Brands Gained by Implementing AP Automation Dave Lowe – YUM! Brands May 2014

2. 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

3. 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

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

8. #9 AUTHORIZATION POLICY COMPLIANCE

9. #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

10. #7 OPERATIONAL EFFICIENCY

11. #6 ENHANCED REPORTING CAPABILITIES

12. #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

13. WORKFLOW REPORTING Invoice NumberBase Total DueInvoice DatePayment TermsRequestor EmailVendor NumberBill ToWere goods/services for a store?Status 1238984297.5002/13/2014N45aaron.lemoine@yum.com0000113555PHIAPYesSubmitted 12459812477.5402/25/2014N45Aaron.Lemoine@yum.com0000113555PHIAPYesSubmitted 21413159.0002/20/2014N1Aileen.Sanchez@Yum.Com0000002620YUMAPNoSubmitted 22142138.0002/15/2014N45alex.malone@yum.com0000104569TBCAPNoSubmitted 22149146.0002/15/2014N45alex.malone@yum.com0000104569TBCAPNoSubmitted 22162146.0002/21/2014N45alex.malone@yum.com0000104569TBCAPNoSubmitted 20132882912621.1602/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883012697.1302/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883112482.5202/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883212641.2602/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883312528.1702/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883412401.7302/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883512540.3002/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883612374.1802/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883712184.8102/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883812286.1102/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 20132883912310.8302/27/2014N30Alice.Murphy@Yum.Com0000031949TBCAPSubmitted 22060821008.0002/19/2014N15Alicia.Vandgrift@yum.com0000035664YUMAPNoSubmitted 49025901134232.7202/20/2014N30alicia.vandgrift@yum.com0000129640KFCAPNoSubmitted 52136421132259.5702/20/2014N30alicia.vandgrift@yum.com0000129640KFCAPNoSubmitted 7291052145168.0002/26/2014N30alicia.vandgrift@yum.com0000129640KFCAPNoSubmitted 24440681358.2702/24/2014N30Amanda.Clark@yum.com0000127732TBCAPNoSubmitted 165603300.0002/19/2014N30amber.engelke@yum.com0000189731PHIAPNoSubmitted 1656118600.0002/19/2014N30amber.engelke@yum.com0000189731PHIAPNoSubmitted 34016750.0002/18/2014N30Amy.Durini@yum.com0000059350YRI01NoSubmitted 10011042441241.3402/14/2014N10Amy.Kavanaugh@yum.com0000179203TBCAPNoSubmitted 10011042534890.0002/26/2014N10Amy.Kavanaugh@yum.com0000179203TBCAPNoSubmitted 10520000.0002/26/2014N30Amy.Kavanaugh@yum.com0000183700TBCAPNoSubmitted 25950677.5002/20/2014N30andree.griffin@yum.com0000078345KFCAPNoSubmitted 2595179.0002/20/2014N30andree.griffin@yum.com0000078345KFCAPNoSubmitted

14. Documentation stored electronically on invoice

15. – Participation post approval

16. #3 INVOICE TIMELINESS Increased speed of expense recognition – Elimination of mail Changes in vendor invoicing behavior 99%+ receive on time payment

17. #2 PROCESSING ACCURACY Significant reduction in the opportunity for processing errors – Most input required by vendor – Processing rules built into the system

18. #1 WORKFLOW Previously had no electronic workflow Decided upon 3 distinct workflows – Store level – Above store – Capital Workflow is driven by template

20. Internet Invoicing = Value Added Partner

21. Questions?