Post on 27-Jul-2020
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by:
Bring Intelligence to Your AP Automation
Christina Robbins Digitech Systems, LLC
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Predictable Barriers to AP Automation
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Why Automate? Life’s Just Fine As Is.
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
It Doesn’t Have to be so Hard!
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
AP Automation in Five Easy Steps
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Step One: Scan
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
What if you could save 500 AP processing hours per year?
“We use ImageSilo® for just about anything you can imagine: AP processing, bank statements, truck manifests, and anything else we would need to keep a paper copy of. We’re on our way to being completely paperless. PaperVision® Capture and the scanner make the setup pretty slick.”
~Pat Myers, Accounts Payable/Receptionist
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Step two: Index
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Why AI; Why Now?
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Drivers of Market Growth
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Drivers of Market Growth
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Drivers of Market Growth
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Add Intelligence to Indexing
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
What if you could cut invoice processing times by 75%?
“PaperVision® Forms Magic has revolutionized our AP processes! We’ve been able to cut our invoice processing times by more than 75%! We’re saving the organization money and improving relationships with our business partners. We love Forms Magic!”
~Jason Sojka, Network and Computer Systems Manager
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Step three: Reconcile
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
What if you could save $2.6 million annually by reducing your cost per invoice?
“We couldn’t keep up. We didn’t know who had done what with which piece of paper. We needed a better system than piles of paper and emails stacked everywhere. Now, we have a lot more than an image repository. We are using ImageSilo to its fullest extent. We create images rather than papers, and we automatically route documents through the organization. Now processes move faster, problems get solved and business gets done.”
~Alberto Centeno, Director of Shared Services
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Step four: Remit
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
What if your managers saved 1,150 hours of productive time annually?
“We receive 20,000+ invoices annually and paying for city services means the accounts payable department must process invoices in a timely manner. By implementing PaperVision® Enterprise Workflow, invoices are entered and approved 2 days faster than before, our vendors are paid on time, and management saves 1,150 hours of productivity each year. We do the work once, not twice!”
~Phil Akason, Chief Financial Office
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
What if your managers saved 1,150 hours of productive time annually?
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
Step five: Retain
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
General Retention Guidelines
• According to IOFM: – Correspondence – 2 years – Invoices, payment records, employee expense
reports, and credit memos – 7 years – General ledgers, payroll journals, audit reports -
forever
* We recommend consulting your attorney before choosing retention schedules for your business and industry.
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
What if you could earn 813% ROI on your AP automation project?
“We used to send copies of information back and forth between the offices. Now, accounts payable records are scanned in Connecticut when they are received, and they are instantly accessible to our employees in Charleston. ImageSilo® has already eliminated most of the inter-office phone calls, emails, and faxes concerning invoices and other Tea Plantation records. It’s a huge win for the company.”
~Noreen Clough, Accounting Manager
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
AP Automation in Five Easy Steps
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: www.digitechsystems.com
• Swing by Booth #403 for a tour of the 5 Simple Steps of AP Automation
• Christina Robbins • LinkedIn: https://www.linkedin.com/in/
christina-robbins-ba6a7316 • Phone: 866.374.3569 • Email: christinar@digitechsystems.com
• Download the whitepaper at www.digitechsystems.com/apwhitepaper