Post on 05-Jul-2020
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
SESSION TITLE
SPEAKER NAMES
TRACK G: AUTOMATION CASE STUDIES
TRANSFORMING COMPLEX INVOICE MANAGEMENT WITH TECHNOLOGY
HELEE LEVCHIEF REVENUE OFFICER - GOBY
STEVE IANNARONESENIOR IMPLEMENTATION MANAGER - GOBY
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
OverviewFor businesses looking to manage complex invoices, such as utility bills, improve efficiency, and reduce manual processes from their operations, technology can provide radical solutions to eliminate wasteful spending. Long approval cycles; errors and inaccuracies; complex invoices; and manual data capture create burdensome and inefficient processes for Accounts Payable (AP) teams. Cloud-based technology allows AP departments to work systematically, capture data and reduce errors while controlling their budgets, accelerating invoice cycle times, forecasting costs, and enhancing reporting. The best part? Technology saves you time and money—resulting in dramatic ROI.
Join Goby as we demonstrate how your AP teams can use technology to better manage specialized, complex invoices helping you reduce cost and eliminate wasteful spending. The session will include two case studies.
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Objectives
Discuss and learn how to improve
o Invoice Delivery
o Data Capture
o Invoice Process Automation
o Approvals & Workflow Automation
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Questions
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
WorkflowInvoices
Software as a ServiceSaaS
DATA ERP
Payments
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
CASE 1 – 5 Guys
• 500+ active locations
• 1600+ monthly active utility accounts
– (Electric, Gas, Water, Waste)
• Paper, Email, Login
– Central & Decentralized
• Manual approvals
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Opportunities
• Unpaid bills
– Shut off notices
– Late fees
– Deposit on Account
• Data Entry Errors
– Inconsistent GL Coding
• Lack of Spend Data
– Trends
– Billing errors
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Solutions
• Invoice Intake Automation
– Centralized management of invoice delivery
• Invoice Data Capture
– 99.996% GL Coding Accuracy
• Exception approval workflow
– Business rule managed
• Payments according to terms
– Payment discounts
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Improvements
• Exception reporting
• Rate & Trend reporting
– Consolidation
– Usage negotiation
• Cash flow
– Elimination of Deposits on Account
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Case 2 - Liberty
• 600+ active locations
• 1900+ monthly active utility accounts
– (Electric, Gas, Water, Waste)
• Paper, Email, Login
– Central & Decentralized
• Manual approvals
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Opportunities
• Unpaid bills
– Shut off notices
– Late fees
– Deposit on Account
• Data Entry Errors
– Inconsistent GL Coding
• Lack of Spend Data
– Trends
– Billing errors
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
• Invoice Intake Automation
– Centralized management of invoice delivery
• Invoice Data Capture
– 99.996% GL Coding Accuracy
• Exception approval workflow
– Business rule managed
• Payments according to terms
– Payment discounts
Solutions
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Improvements
• Exception reporting
• Rate & Trend reporting
– Consolidation
– Usage negotiation
• Cash flow
– Elimination of Deposits on Account
• Accruals
– 80% Reduction of Accounting Team time
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
Questions
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
SESSION TITLE
SPEAKER NAMESTRACK G: AUTOMATION CASE STUDIES
TRANSFORMING COMPLEX INVOICE MANAGEMENT WITH TECHNOLOGY
HELEE LEVCHIEF REVENUE OFFICER - GOBY
STEVE IANNARONESENIOR IMPLEMENTATION MANAGER - GOBY
October 15-17, 2019 | Westin Kierland Resort | Scottsdale/Phoenix, AZ
SESSION TITLE
SPEAKER NAMES