Today, Accounts Payable (AP) automation is considered a business-critical function within the back-office. Having an efficient AP department is so much more than tracking broad KPIs such as reducing manual data entry or cost per invoice. It is important to have tangible performance indicators such as eliminating received not vouchered invoices and reducing the percent of invoice exceptions where the goal is to maximize straight-through processing or “touchless” invoices. But how do you identify the features that are most important to maximize this important aspect of AP Automation?
Simple business situations that are often overlooked when comparing AP Automation tools, can make a huge difference in getting straight-through processing rates that are best in class. Join us for Best Practices for Touchless Accounts Payable Automation in JD Edwards to learn how to identify these important features within an AP Automation tool that will show a significant impact on productivity and accuracy.
In this webinar, our AP automation experts will cover: •
- The importance of real-time integration with your existing JD Edwards ERP (EnterpriseOne or World)
- Automating the matching process
- Converting unit of measure differences automatically when the ordered quantities are different than the invoiced quantities
- How to achieve an 80% reduction in received not vouchered rates
- Easy-to-use workflows that tell users exactly what they are expected to do
- Converting part numbers when you and your supplier use different item numbers for the same part
- Expediting multiple approvals, routing, and processing of invoices
- The impact of a mobile-friendly process to handle out-of-office approvals and routing procedures
- Coding shipping charges, taxes, and other variable fees that are on the invoice, but not on the PO
AP Automation is not one-size-fits-all. It is important to choose a vendor that understands your business process and can adapt proven best practices to your company’s needs. Join us for Best Practices for Touchless Accounts Payable Automation in JD Edwards and see how IntelliChief can improve productivity within your Accounts Payable department.
Presented by Ken Anderson, Vice President of Sales and Marketing