Presented at INFOCUS 2023
Session ID: 100380

It is no surprise that many companies’ A/P processes are still manual (or mostly manual) and paper-intensive, resulting in major economic consequences for the bottom line. Without a real-time integration with Oracle JD Edwards(JDE), companies struggle with the challenges of receiving invoices, constantly checking their ERP to see if the goods have been received, matching them against purchase orders (POs) and coding the appropriate general ledger (GL). The lack of an integrated ERP with intelligent AP automation ultimately leads to bigger business challenges associated with accruals for financial closing and lack of visibility into corporate spending. Sometimes it just comes down to the hard and soft dollars – without a deep integration to JDE, the average time* to process an invoice is 10.9 days and costs $10.18 to process a single invoice.

With this deep integration to JDE, you should be able to extract the relevant data from your A/P process and connect it with JDE to speed up invoice processing and get a better handle on your corporate spend and fluctuating cash position. Companies can significantly cut their costs and process invoices faster by more than 80+%. According to Ardent Partners, best-in-class organizations leverage the power of intelligent AP automation and improve efficiency and productivity with 2.2 times higher rate of straight-through processing (STP) and a 60% lower invoice exception rate with advanced manual processing tools.

As a result of the deep integration with JDE, you will be able to:
• Minimize the time and effort it takes to process invoices
• Eliminate manual data entry and associated errors
• Avoid rework from having to rekey or reprocess invoices
• Simplify exception processing when invoices aren’t matched to POs or aren’t coded correctly
• Improve vendor relationships
• Optimize payment terms
• Increase visibility throughout the A/P process