Diri 6262013

Direct Insite Corp. Copyright © 2013 COMPANY CONFIDENTIAL

Cornerstones of AP Transformation

Matthew Oakes


Corporate Overview

Established

Corporate Headquarters

Customers

Global Experience

Certifications

Primary Offering

2001

Ft. Lauderdale, FL

Global 3000

Invoices On-Line (IOL) for AR & AP Automation ePayment Gateway Services


Why Are You Here?

7 Common Problems in AP

1. Multiple invoice submission formats 2. Lack of visibility into cash flow 3. Manual data entry 4. Too much paper 5. Complex workflow approval processes 6. AP & procurement not aligned 7. Difficulty integrating with existing systems

The answer : an end-to-end solution


The Objective

June 25, 2013

Source: PayStream Advisors


The Reality in Large Enterprises

June 25, 2013

Sources: Aberdeen Group, IFO, Glenbrook Partners

Only 25% of firms can auto-post

Only 45% of invoices

arrive as e-invoices

Only 46% of firms use front-end scanning

Only 19% of firms use OCR/ICR


Costs of a Paper-Based Environment


The Case for AP Transformation


Market Trends

June 25, 2013 8


Market Trends

June 25, 2013 9


AP Transformation Cornerstones

June 25, 2013 10

Invoices On-Line™

Company Profile Vendor

Management E-Invoicing Workflow

processing

Payment Processing

Spend Management/

Business Intelligence Network

Participation Banks & Payment

Gateway

Dynamic Discount

Management

Supply Chain Financing

Scan & Capture

Dynamic structure · Supports complex business patterns & functions · Facilitates data analysis & decision-making · Integrates and leverages ERP or financial systems


Scan and Capture

Pain Point Costs/inefficiencies associated with paper invoices

AP Transformation Scanning & capture of paper/fax/emailed invoices

Benefits Lower transaction costs, less keying, faster turnaround, fewer errors

ROI Up to 70% reduction in cost to process a paper invoice: IFO


Company Profile and Vendor Management

Pain Point Difficulty managing company/vendor information

AP Transformation Automated data collection & vendor management

Benefits Lower data mgmt. costs, streamlined compliance, higher e-invoicing adoption

ROI Reduction of 1-2 FTEs: customer experience


e-Invoicing and Workflow Processing

Pain Point Paper invoices cost an average of $8.65 per trans. to process

AP Transformation Electronic invoice, purchase order and workflow processing

Benefit Lower costs, faster turnaround, fewer errors, more straight through processing

ROI 24%-50% reduction in cost to process an invoice: customer experience


Payment Processing

Pain Point 61% of business payments still made by paper checks

AP Transformation PCI Compliant Payment Gateway: ACH and Cards

Benefits Reduced transaction costs, accelerated cash flow, facilitated discount options

ROI It costs $5-$35 to process and pay a paper invoice


Spend Management & Business Intelligence

Pain Point Lack of visibility into corporate spending

AP Transformation Spend management/ business intelligence

Benefits Universal company profile management, better spend analysis, contract compliance

ROI 75% of best-in-class AP orgs have tools for managing cash against expenses


Discount Capture

Pain Point Missed opportunities for supplier discounts

AP Transformation Ability to agree to preset discount terms or dynamically negotiate terms

Benefit Lower cost of goods from realizing discounts, reduced payment processing costs

ROI Capturing early payment discounts is important to 80% of companies


Supply Chain Financing

Pain Point Suppliers want/need faster cash flow

AP Transformation Choice of account financing options

Benefit Helps buyers and suppliers meet working capital and cash flow goals

ROI Financially stronger suppliers, enhanced supplier relationships


The Benefits of AP Transformation

June 25, 2013 18

Enterprises who have fully-automated all facets of accounts payable, such as invoice receipt, approval workflow and payment-scheduling processes, have experienced the following benefits:

60% lower invoice-processing costs than

organizations without automated A/P processes

30% higher visibility into organizational cash flow


Business Drivers Automate AP invoice processing Reduce inquiries from suppliers Improve relationships with suppliers

Business Results Reduced Costs – Reduced average cost to process an invoice 24% Improved Staff Efficiency – Receives 95% of its invoices electronically and

posts 75% of its invoices without operator intervention Increased Productivity – Reduced work flow time from a minimum of four

days to 12 hours for electronic invoices and 2.5 days for paper Enhanced supplier relationships – Reduced supplier inquiries by 67%

“Invoices On-Line has proven to be an effective tool in the transformation of our Accounts Payable automation initiatives with a goal of reducing paper handling, invoicing costs and supplier inquiries.”

Roderick Fields, GSS NA Director of Disbursement Services

Customer Profile: • Shared services environment

for the global powerhouse

• Supports more than 50 Siemens business units

• Processes over 2.4 million invoices per year

• 60,000 suppliers

Siemens Shared Services Case Study


Thank you!

Matthew Oakes Direct Insite

[email protected]

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