Post on 07-Jun-2020
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by:10/19/2016
Going Digital: Does it really help make Accounts Payable Leaner?
TCS Presentation
1
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 210/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 310/19/2016
Accounts Payable: Birds Eye View
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 410/19/2016
Accounts Payable: Digital Levers
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 510/19/2016
Lean AP?
Business Rules for
Straight Thru Processing
Manual Reconciliation
(For Exceptions)
Analytics (Identify
Exception Reasons)
Supplier Collaboration
(Reduce Exceptions)
Fine Tune Business
Rules
A Model Approach to Leaner Accounts Payable
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 610/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 710/19/2016
When?
• High invoice volume, backlogs
• Spikes in invoices volumes
• 80 – 20 rule
• PO based invoices
How?
• Increase e-invoice coverage
• Granular match rule definition
• Analytics for major contributors to exceptions
Business Rules Automation at its Best: Straight Through Processing!
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 810/19/2016
Auto-match invoices based
on supplier performance,
discipline, compliance,
history
Granular Rules
Sequence, Level, Type,
Preference, Tolerance,
Charge Back
Factors
Configurable Tolerance
Levels
Example
Granular Match Rule Definition
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 910/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1010/19/2016
When?
• High invoice volumes, backlogs
• Multiple systems for manual recon
• Low productivity
• Over/under payments
How?
• Receipt pooling
• Side by side comparison and selection
• Manual matching with adjustments and
chargeback
• Receipt maintenance
Optimizing Beyond Straight Through Processing
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1110/19/2016
Segregation
Rules, Guidelines
Usability
Continuous Improvement
Discrepancies
Work-bench
Processing QueuesA Model Reconciliation Approach
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1210/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1310/19/2016
When?
• Low PO compliance
• High number of suppliers with small
transactions
• High number of exceptions
How?
• Understanding invoice reasons for
rejection
• Understand causes for payment delays
• Understand reasons for disputes
Analytics is not Application, Embed it into the Process!
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1410/19/2016
Analytics is not Application, Embed it into the Process!
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1510/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1610/19/2016
When?
• Supplier queries and disputes
• 80 – 20 rule
• Supplier satisfaction concerns
How?
• Accommodate diverse supplier needs
• Supplier self registration and maintenance
• Provision to raise, respond or delegate
query online
Engaging Suppliers in the Process
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1710/19/2016
Supplier Management View Invoice Status Supplier Management Payment Status Report
Supplier queries due to lack of visibility
Accommodate “Diverse Needs”
Broad self-service features: view and acknowledge PO, PO history, delivery confirmation, view and create invoices, query management, profile and user management, dynamic discounting etc.
Accommodate Diverse Supplier Needs
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1810/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 1910/19/2016
American retailing company, founded in 1902
Leader in innovation across Retail Industry
$74B Revenue, 1,800 Stores, 340,000 Employees
Second-largest discount retailer in the United States
Ranked 38th on the Fortune 500 and is in S&P 500 index
Target Corporation, Fortune 500 Company
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 2010/19/2016
Seamless integration with existing ERP
Adherence to security controls & compliance
Lower TCO
Meet or exceed auto-match percentage
Improve productivity
Decommission legacy
Engagement Objectives
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 2110/19/2016
Auto-matching of invoices and exception handling/manual reconciliation of
unmatched invoices on a single platform
Multi-level rule definition with configurable tolerance levels
Queue management for processing, processed and exception invoices
Balance discrepancy between invoice and receipts by chargeback, partial
matching, receipts split
Seamless integration with ERP and legacy systems
Multi threaded batch processing for auto match
Solution Levers
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 2210/19/2016
Leaner and Efficient AP with Maximized Straight Through Invoice Processing
> 95% auto-matching accuracy
10-15% improved productivity
Guided navigation
Built-in productivity reporting
Engagement Benefits
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 2310/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 2410/19/2016
Purchasing Accounts Payable
TAPTM
Simpler and Leaner Procure to Pay
Reports and Analytics
Embedded OCR/ICR Automated Matching Engine Integrated Supplier Portal
E- Commerce like Buying Experience Anytime, Anywhere AccessTouchless Processing
Rule Based Approvals Pre-Built IntegrationsMulti Lingual Capabilities
Supplier Management | Supplier Self Service
Simplified purchasing experience
Deeper Collaboration with Suppliers
Higher degree of automation
Best-in-class Spend Under Management
Reduced purchasing and invoice processing costs
About TAP™
The Accounts Payable & Procure-To-Pay Conference & Expo is produced by: 2510/19/2016
• A Model Lean Accounts Payable Approach
• Business Rules Automation at its Best: Straight Through Processing!
• Optimizing Beyond Straight Through Processing
• Analytics is not Application, Embed it into the Process!
• Engaging Suppliers in the Process
• A Case In Point: Leaner and Efficient AP with Maximized Straight Through Invoice Processing
• About TCS TAP™
• Q&A
Topics