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ProConversions Corp. bringsALL the RIGHT pieces together for YOU!!
Sometimes the puzzle is missinga few key pieces.
Sometimes the pieces you have just don’t fit together well.
?
“At ProConversions, we strive to be your Trusted Advisor & Technology Consultant, putting your Business needs first and Technology second.”
Michael Gaudino, President, ProConversions Corp.
CDIA Trained (Certified Document Imaging Architect)AIIM Information Governance Practitioner Kofax Capture, ABBYY Flexi Capture & EMC ApplicationXtender Certified Engineer
Top concerns of finance executives
3
68%
47%
46%
39%
55%
54%
46%
37%
36%
Reduce invoice processing costs
Improve visibility into invoices
Decrease invoice cycle time
Improve cash management
Automate invoice receipt/workflow processes
Standardize invoice receipt/workflow processes
Conduct internal assessment of A/P capabilities
Integrate e‐payables solutions w/other systems
Centralize A/P processes
Source: Aberdeen Group
Top Strategic Actions
Top Pressures
More than 2 times reduction in invoice processing costs
More than 50% faster invoice processing cycle
Companies that automated their AP process report…
4
Faster processing
cycle
Reduced processing
costs
+50%
x2
According to research published by Aberdeen Group, 2013
Information Capture Plan – Index data Example
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■ Invoice number and date
■ Name and address of the buyer BU
■ Name and address of the supplier
■ Delivery date
■ Purchase order data
■ Line items: description of goods, quantity, unit and total price
■ Currency and total
PO matching is done on a header and/or line item level
Multi‐level comparison us done with the master database (by number, total amount, vendor name, etc.)Invoice line items can also be visually compared to the purchase order details
Purchase order matching
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Touchless Invoice Processing
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● Invoices that have passed all validations and matched a PO can be immediately posted in the ERP system, skipping any manual review
Input Recognition & Validation Data review Approval and
Posting
Touchless processing
Convenient Data Review (1 of 3)
• Well‐designed data verification form
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● Value suggestions from OCR cache
● Color labels for fields requiring attention
● Snapshots of fields
● Description of warnings and errors
Convenient Data Review (2 of 3)
• Fields grouping
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Collapsed fields:● totally correct
● no review is required
Expanded fields:● review required
Convenient Data Review (3 of 3)
• Advanced database lookup
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● Fuzzy match
● Suggestion of the best matching records
● One‐click filling of multiple connected fields
● Internal caching of the database for fast connection
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● Transaction‐ready data and images are delivered to your ● BPM, ECM and approval workflow
systems● ERP systems● Electronic archives● Databases
Delivery of Invoice Data and Images
System Overview with Information Capture Plan
12
Benefits for the AP Department
Better Visibility into Outstanding PaymentsAP department is made aware of invoices as
soon as they arrive
Lower Cost per InvoiceReplace manual keying paper exchange with
automated electronic processing
Capture at the Point of EntryCapture in the mailroom, finance department, or in the branch office
One Solution for Paper and DigitalPaper, faxed and PDF invoices are processed
in the same workflow
Improve Quality of DataAutomated capture and validation of data provides better quality than manual keying
Empowers Approval WorkflowDefine the workflow based on automatically
extracted data
Distributed Configuration (ENTERPRISE Edition)
• Scalable client‐server architecture
• Thin & remote stations
• User management and reporting• High‐availability clustering
High Level Basics• For enterprise departments & midsize organizations• Perfect for imaging & departmental business processes• Microsoft‐based technology• Requires minimal IT support
High Level Benefits• Eliminate the risks and costs of managing paper• Increase efficiency of key business processes
(Transaction Content Mgmt)• Enable instant access to important information• Easy to install, administer, and use
INVO‐PACK (EMC AX)
WorkflowModule
CaptureModule
SearchEngineModule
InformationRights
ManagementModule
Application IntegrationModule
Reports Management
Module
Information Governance = Document Management
Active Directory, LDAP, or AX Security
User and group permissions can be set on an application by application basis or globally for all applications. All user actions with the repository can be captured in audit trails.
Levels of Security• System • Application • Functional • Document
Levels of Security Document Management System
Indexes
Microsoft Excel
INVO‐PACK Web Services
Microsoft SharePoint
Indexes
INVO‐PACK DesktopINVO‐PACK Web Access & Mobile Access
Microsoft PowerPoint
Microsoft Outlook
Microsoft Word
ACCESS POINTS TO INVO‐PACK
INVO‐PACK Workflow Group InBox
Workflow Group Inbox This is a screen shot of an Inbox of workflow tasks that are waiting to be processed or have been
“selected” by a system user and who is processing the workflow task and/or document
Approval Workflow Screen
Notes Tab History Tab
Notes and History for each document processed
Workflow Audit Page
ONSITE BUSINESS PROCESS ASSESSMENT
1. A narrative of the business process that is being automated.2. A Process Flow Diagram of the newly designed business process.3. A detailed list of project deliverables for the project’s 1st Phase.4. A System Diagram of required server architecture.5. Project milestones based upon the date a purchase order is
received.6. A list of project assumptions, customer requirements,
disclaimers.7. Costs for services delivered in 1st phase of the project.8. Summary of subsequent deliverables for future project phases.
HAVE AN INFORMATION CAPTURE PLAN!
Now let’s address your questions!
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Michael R Gaudino [email protected]‐707‐0206
Why is information “capture” and creation more than just scanning documents into an archive?