invoice automation webinar 3 - roundup of challenges and opportunities
TRANSCRIPT
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03.05.2023 Presentation name1
Invoice Automation: A roundup of the challenges and opportunitiesTommi Kouhi Tobias Wikström
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Confidentiality03.05.2023 Presentation name2
Agenda
• Introduction Invoice Automation in OpusCapita’s offering
• Roundup – 5 key points – Purchase orders and correlation to invoices processing
• Machine learning – Reality or future?
• Fact based decision making – KPI’s
• Closing remarks
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OpusCapita by the numbers
Company:
• Founded 1984
• Over 2100 employees
• Revenue €257 million (2015)
Buyer-Supplier Ecosystem:
• 8 000 customers in over 100 countries
• ~100 000 suppliers
• 600 million transactions annually, 200 million processed purely electronically
• 40 million different products bought and sold
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OpusCapita: Extended Purchase-to-Pay
05/03/2023 Presentation name4
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Roundup
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Five key points for successful invoice automation
Get your free copy: http://www.opuscapita.com/whitepapers/5-key-points-for-successful-invoice-automation
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Are we consistently using Purchase Orders?What to do with maverick spend?
Can we improve data quality by increased usage of e-invoicing?
Increasing automation with: “No-PO, No-Pay policy”
Are our invoice approval policies consistent across the company?
How to align the targets throughout the P2P process?
Control & visibility
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Purchases and the correlation to invoice processing
05/03/2023 Presentation name7
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Confidentiality03.05.2023 Presentation name8
Machine learning – Reality or future?
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Confidentiality03.05.2023 Presentation name9
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What does it mean in practice?!
Jan 29, 201610
1. Train the AI
2. Prediction by AI
3. Verification
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Machine Learning, Initial state
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Machine Learning, Results
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Fact based decision making – KPI’s
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Advanced Analytics, Dashboard
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Advanced Analytics, Filters
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Advanced Analytics, Supplier analysis
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Advanced Analytics, KPI, Circulation times
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Advanced Analytics, KPI, First approval
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Click icon to add picture
2.11.2016 Webinar - Why accurate procurement data is critical to invoice automation19
Closing remarks
http://www.opuscapita.com/webinars