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4 Keys to AP Automation Success
NO PAPER – NO PROBLEM
Poll Question What percentage of invoices are electronic?
◦100%◦50% ◦25% ◦Under 25%
Poll Question What percentage of payments are electronic?
◦100%◦50%◦25%◦Under 25%
Value – Before Automation
Value – After Automation
Meet Chris
I write books.
I have a website.
www.apautomationnews.com
◦Know Your Numbers◦Numbers In Action◦Have A Plan◦The Advocate
More Than Knowing1. Find Your Numbers
2. Know Your Numbers
3. Use Your Numbers
Poll Question How often do you use numbers to make decisions?
◦All The Time◦When it calls for it◦Sometimes◦Not much at all
Step 1 - Find Your Numbers
Numbers
Step 2 - Know Your Numbers
Numbers
1500 = 40
CPI = $228500 Hours
21 People
20 Touches
Step 3 - Use Your Numbers
Numbers
1500 = 40
CPI = $228500 Hours
21 People
20 Touches
Numbers
1500 = 40
CPI = $228500 Hours
21 People
20 Touches
Numbers
1500 = 40
CPI = $228500 Hours
21 People
20 Touches
Numbers 8500 Hours 20 Touches 21 People CPI = $22 1500 = 40
Numbers
Benchmarking
$9 8500 Hours 20 Touches 21 People CPI = $22 1500 = 40
Numbers In Action
A B
A ?
Strategy 4 - Plan
1500 = 40
CPI = $228500 Hours
21 People
20 Touches
A B
0 8500
$22 $9
9 Things To Do With New Time Grow the Business without Adding Staff
New System Administration
Reduce Headcount
Centralize Accounting
Vendor Discounts
Contract and Pricing Negotiations
Internal Controls
Accounts Receivable
Do Their Job
Change Management
The Great Experiment
Who Did Well?Who Didn’t Do Well?
An Advocate
An Advocate
What is it? Not Just 1 R-E-S-P-E-C-T Change Agent Loves Automation!
Find Your NumberKnow Your NumbersUse Your NumbersNumbers In ActionThe PlanChange ManagementThe Advocate
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Poll Question Where do we go from here?
◦Receive the AvidXchange Blog◦Complete a Time Study◦See a Customized Demo◦Just Researching for Now, Thanks!
www.apautomationnews.comFree Book – SpreadSheet = [email protected]
