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Slide 1 November 12-14, 2018 | Las Vegas Advancing your Accounts Payable Operation to Achieve "Top Performer" Status Brandi Crouch

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Page 1: Advancing your Accounts Payable Operation to Achieve Top … › uploads › sites › 4 › ... · 2019-12-04 · Advancing your Accounts Payable Operation to Achieve "Top Performer"

Slide 1

November 12-14, 2018 | Las Vegas

Advancing your Accounts Payable Operation to Achieve "Top Performer" Status

Brandi Crouch

Page 2: Advancing your Accounts Payable Operation to Achieve Top … › uploads › sites › 4 › ... · 2019-12-04 · Advancing your Accounts Payable Operation to Achieve "Top Performer"

PROPRIETARY AND CONFIDENTIAL PAGE 2Slide 2

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PROPRIETARY AND CONFIDENTIAL PAGE 3Slide 3

Driving Cost Down

Expanding Services

New RPA Team

New Strategy

Team

Transformation Journey

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PROPRIETARY AND CONFIDENTIAL PAGE 4Slide 4

Lockheed Martin AP Service

AP Business Services

Processing

• Mailroom (sorting/scanning)• Paper Invoice Processing• Non-PO Check Requests• Leases• Legal• Freight • Utilities & Metric Collection• State & Local Tax• International Currency Buys & Hedges

Discrepancy Resolution

• AP Error Resolution• Business Unit Discrepancy Resolution &

Guidance• Over-a-Million Audit• Aged Payable Resolution• Open Credit Collection• State & Local Tax Corrections• Zero-Dollar Corrections (DM/CM)

Customer Service(Help Desk)

• Phone & Email• Supplier Support

• Payment Status• Remittance Advice• Error Resolution• Vendor Registration• E-Invoicing Portal

• Internal Support• Payment Status• Catalog Ordering• Error Resolution• PO/PR Set-up• User Access• Training

• Trend Analysis

Accounting & Other

• GL Reconciliations (AP & BU Owned)• Suspense Clearing• Month-End Closing• Metric Development & Dashboard• Data Analytics & Reporting• IRS Tax Reporting & Compliance (1099,

1042, FATCA)

Banking Services

• Daily Payment Runs• Manual Wires• Vendor Maintenance• Vendor Refund Application• Unclaimed Property

• Duplicate Review & Disposition• Bank Account Reconciliations• Cash Forecasting Support

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PROPRIETARY AND CONFIDENTIAL PAGE 5Slide 5

AP Accomplishments

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PROPRIETARY AND CONFIDENTIAL PAGE 6Slide 6

Technology Driving Culture

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PROPRIETARY AND CONFIDENTIAL PAGE 7Slide 7

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PROPRIETARY AND CONFIDENTIAL PAGE 8Slide 8

Technology & Automation

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PROPRIETARY AND CONFIDENTIAL PAGE 9Slide 9

Technology & Automation

Robotic Process Automation- 11 in Production

Fast Track- 17 in Production

Examples of AP RPA Initiatives

Examples of Fast Track Projects

Audit Validations/Approvals

Audit Validations – Segregation of Duties

Proof of Payment Audit Support

Daily Report Pulling

Discrepant Invoice Resolution

Metric Gathering & Analysis

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PROPRIETARY AND CONFIDENTIAL PAGE 10Slide 10

Talent Development & Placement

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PROPRIETARY AND CONFIDENTIAL PAGE 11Slide 11

Organization

Fraud Analytics

Tax Compliance

Data Driven Audit Focus

Strategy

RPA

Page 12: Advancing your Accounts Payable Operation to Achieve Top … › uploads › sites › 4 › ... · 2019-12-04 · Advancing your Accounts Payable Operation to Achieve "Top Performer"

Slide 12

November 12-14, 2018 | Las Vegas

Page 13: Advancing your Accounts Payable Operation to Achieve Top … › uploads › sites › 4 › ... · 2019-12-04 · Advancing your Accounts Payable Operation to Achieve "Top Performer"

PROPRIETARY AND CONFIDENTIAL PAGE 13Slide 13

Contact Information

November 12-14, 2018 | Las Vegas

Brandi Crouch

[email protected]

614-313-9627

mailto:[email protected]

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