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How to Have a Lean, Effecient Payables Process

HOW TO HAVE A LEAN, EFFICIENT PAYABLES PROCESS Adding Millions to Your Bottom Line! Give Suppliers Visibility Supplier Self-Services & Electronic Invoicing into the Status of Their My Invoices » My POs »| Cash Planner » Invoices, Purchase Orders and Payments ...All While Saving Millions Create Invoice » Get Paid Faster» 100% Electronic Invoicing 60% of Flexible Invoice Submission: Any File, Any Format Companies Receive Less Than 10% of Invoices Electronically Bye Bye Paper! -2013 Paystream Global elmvaicing Report Each Week More than 40 HOURS itititititititititit are Spent Manually Keying Invoices SorOANI Paper Invoice Processing Cost' eInvoicing Processing Cost $15.00 VS $1.25 1 PaystreamAdvisors.com 25% of Accounts Payable professionals time is spent on the phone with supplier inquiries and maintaining supplier data -2012 ReadSoft Custamer Survey Invoices/FTE per Day 800 NO CALLS! 24/7 Visibility to All Invoices +490% 714 600 24 400 337 200 (even those not submitted through a network) 206 121 2002 2005 2008 2011 With elnvoicing and Supplier Self-Services, the Largest U.S. Utility processed 714 Invoices/FTE per Day in 2011-up 490% Since 2002 88% of Invoices Offer No Discount Terms at All in the US? -Paciic Gas and Electric 100% of Invoices Available for Early Payment Terms 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 30 Days 60 Days of Invoices Offer Early Payment Discounts in the US? 2 Paystream Advisors 2012 Survey of 200 large corporations Cash Management is a Main Benefit for elnvoicing -2013 Paystream Gobal elnaking Report SAVE ONE MILLION DOLLARS PER EVERY BILLION DOLLARS IN SPEND! Implement eInvoicing Now G taulia With Taulia, organizations easily automate and maximize supplier discounts while strengthening relationships and reducing friction within the financial supply chain. Through an award-winning product lineup including electronic invoicing, supplier self-services and sophisticated dynamic discounting, Taulia enables some of the most innovative brands in the world to truly partner with their suppliers. go green go with taulia 02013 Taulia Inc All rights reserved IN VOICE

How to Have a Lean, Effecient Payables Process

shared by Contreras4 on Apr 11
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An infographic showing the inefficiencies in the current AP process, and why eInvoicing and supplier self-services are so important.

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Taulia

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Technology
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