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THE BUXE Company

Strengthening Working Capital Through Automation

Chris Happ, Co-founder and CEO, Goby

THE BUXE Company 4

Converting cash is becoming harder

Capital expenditure is continuing to decline

The cost of cash is increasing

Working capital has improved only marginally

*Navigating uncertainty: PwC’s annual Working Capital Study 2018/19

THE BUXE Company 6

THE BUXE Company 7

Capture cash-back rebates on payments made

via card

Extend your payment terms

to free up capital

Avoid late payment penalties

THE BUXE Company 8

52% of accounts payable departments expect to earn more early payments three years from now*

Suppliers will exchange a discount on an invoice for earlier payment

The usual discount is 2 percent

*IOFM’s 2018 Future of Accounts Payable report

2%

THE BUXE Company 9

Stronger relationships with suppliers

Pricing or Service Level Agreement concessions

Better financial operations for suppliers

THE BUXE Company 10

• Cash management

• Forecasting

• Budgeting and planning

• Finance and procurement collaboration

• Developing supplier payment strategies

• Enhancing supplier management

• Mitigate financial and compliance risks.

THE BUXE Company 11A well-defined big data strategy is associated with strong financial performance

Dat

a St

rate

gy

Financial performance

THE BUXE Company 12

THE BUXE Company

Nice

ACME2880 Sand Fork RoadMillersburg, IN 60606

ACME location #1736999 S. Platinum Dr.Beverly Hills, CA 90201

Manually digitized

Manually coded

Manually approved

Sent via postal service

Received at mail room

13

1

2

3

4

5

THE BUXE Company

ACQUISITION APPROVALSGL CODING

ACH, CREDIT CARD

API

REBATESINVOICE REPOSITORY

VENDOR PORTAL

ANALYTICS

CTX, NACHA

BANK PORTAL

automatically match and code accounting information as general ledger, supplier, and department

14

CHECK / ELECTRONIC PAYMENTERP

BANK

DIRECT PAYMENT

CHECK / ELECTRONIC PAYMENT

THE BUXE Company 15

People are expensive

Manual mistakes are made

Opportunities are missed

THE BUXE Company

24%

33%

40%

49%

51%

62%

0% 10% 20% 30% 40% 50% 60% 70%

Lack of visibility into invoice and payment data

Getting the budget to invest in automation

Too much paper

Lack of respect/status within the organization

Invoice/payment approvals take too long

High percentage of exceptions

© Ardent Partners - 2019

THE BUXE Company

Eliminate paper andreduce manual tasks

Implement AP automation

Reduce processing costs

Improve connectivity/collaboration with suppliers

Improve collaboration withprocurement

Improve AP reporting /data analytics

Improve visibility intoInvoice and payment data

ANALYTICS

Our features directly target both the needs of the AP department and the CFO

47%

30%

27%

22%

48%

20%

40%

SOURCE: Ardent Partners, State of ePayables 201917

THE BUXE Company18

CAPTUREEvery invoice an intake

engine turns paper into digital information

CODINGArtificial intelligence reads the invoice and adds your accounting

information

WORKFLOW Exceptions are flagged

and electronically routed, invoice routed for approval based on your business process

ENTRYThe approved invoice is

sent right to your financial system or Enterprise Resource

Planning (ERP) platform

THE BUXE Company

Save Money & Time+

Avoid Costs+

Make Money

ROI

THE BUXE Company

Invoices do not get into the process as quickly as possible

Coding errors

Errors in keying the invoice dataHigh paper storage and retrieval costs

Lost or misplaced invoicesDelays uploading data on approved invoices to downstream systems

Long approval and exception resolution cycles

Difficulty implementing operational best practices

Fix this:

THE BUXE Company

Stop paying late fees Don’t be defrauded

Stop over-payingHire less people per invoice as you grow

Stop double-paying

THE BUXE Company

Captureearly-pay discounts

Negotiatefavorable terms

Celebratecash-back rebates

THE BUXE Company

Pre-Goby Monthly Processing Costs

$8.33 x 4,500 invoices = $37,485

A mid-market company with:• 1,000 employees • $200 million in revenue• 4,500 invoices paid per month• Limited automation

With Goby Monthly Processing Costs

$4.20 x 4,500 invoices = $18,900

23

* Based on a low automation rate assumption with a cost of $8.33, no automation rate is 13.9 per invoice, in average

THE BUXE Company 24

Automate everything Actionable analytics Customer hypercare

THE BUXE Company 25

26

THE BUXE Company

chapp@gobyinc.com

https://www.linkedin.com/in/chris-happ-goby/

Chris Happ, CEO

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A Few Final Items

Redefining the future of finance.

Chief Financial Officers are under greater pressure and taking on more

responsibilities than ever before. More than just accounting overlords

and stewards of the bottom line, they must lead their colleagues to use

data-driven decision making and lead organizational transformation,

serving as the facilitators of innovation and disruption.

After attending CFO Live, you’ll be able to:

Spend more time focusing on strategic priorities

Become a forward-looking strategic enabler in your company

Lead your organization’s transformation to a data-driven business

Improve your company’s efficiency through adoption of

digital technology

Harness the power of data analytics

WHY YOU SHOULD ATTEND CFO LIVE

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