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Challenges with invoice data quality?Tommi Kouhi Tobias Wikström

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Agenda

• Introduction Invoice Automation in OpusCapita’s offering

• Challenges with invoice data quality?– Increase the efficiency – Correlation to purchasing– Error sources

• Three practical examples – Procurement and invoicing working together!

• 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

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Challenges with invoice data quality?

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Increasing the efficiency in your invoice processing…

Efficient invoice processing require high adoption ofe-invoicing

+27%

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Purchases and the correlation to invoice processing

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High adoption of PO is a key indicator for effortless invoice management

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• Process related errors – Buying process– Sell process

• Technical errors– Scanning and OCR – eInvoicing

Error sources

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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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Click icon to add picture

2.11.2016 Webinar - Why accurate procurement data is critical to invoice automation10

Closing remarks

http://www.opuscapita.com/events

http://www.opuscapita.com/newsletter/2016/visions-taking-shape/billentis-market-report-from-e-invoicing-towards-broader-digitization