AP Automation Strategy Session - Home - Transcepta Automation Strategy Session September 18, ......
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AP Automation Strategy Session September 18, 2014 Hosted by Mitch Baxter & Herb Radmanesh
Transcript of AP Automation Strategy Session - Home - Transcepta Automation Strategy Session September 18, ......
AP Automation Strategy SessionSeptember 18, 2014
Hosted by Mitch Baxter
& Herb Radmanesh
The Presenters
Mitch Baxter
VP, Business Development
949-382-2851
Mitch Baxter | VP, Business Development & Strategic Relations | [email protected] 2
Herb Radmanesh
Sr. Manager, Marketing
949-382-2859
Topics of Discussion
Best Practices in Supplier Connectivity Historical approaches
Current state of the art & best practices
Transcepta Introduction Overview of company
Procurement connectivity
AP connectivity
Architectural Overview eBusiness Suite
PeopleSoft
Fusion/ERP Cloud
How to Get Started First steps
Trade finance & other programs
Mitch Baxter | VP, Business Development & Strategic Relations | [email protected] 3
Historical Approaches
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Your Supplier Community
EDI/XML Expensive for suppliers
Require IT for suppliers
8+ weeks for implementation
Web Portal Manual, double
work
Suppliers continue sending paper
Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Current State of the Art / Best Practices Desired End-Point
A “fully connected” supply chain
Straight-through processing for 95%+ of the
transactions
Key ERP functions being done in the Oracle
ERP!
Automation of Key Transactions
Purchase orders
PO acknowledgements
Invoices
Credit memos
Advanced shipment notices
Most customers have all the software they
need today
Workflow
PO generation and approval
Invoice-PO matching
Non-PO approval and coding
Imaging
Supplier onboarding & maintenance
A service to reach out and connect
suppliers is key
5Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
About Transcepta
Global Supplier Network Cloud-based connectivity and
collaboration
Connects more suppliers, more quickly than any other network
The Difference 100% free to all suppliers
Full-service supplier enablement
Technology to reach all suppliers
Fully VAT compliant
6Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Transcepta and Oracle
Oracle Validated Integration (2011)
Development Partnership Oracle procurement, core finance, technology
Integration with Oracle Account Teams
Alignment of Strategic Roadmaps
7Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Connecting Suppliers
8Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
SUPPLIER
Low-Volume Suppliers use Portal for Invoice Creation
PO Options• Email PDF• EDI 850• XML• CSV
Invoice Options
• Email PDF
• Virtual Printer
• EDI/XML/CSV
• Web Entry
Make it easy on yourself by requiring electronic methods
Make it easy on them by allowing many formats
Don’t charge your suppliers any fees
Summary of Benefits Finance & AP
Simplified process flow allows for freed resources
Straight-through processing with no errors
No more filing!
Procurement Access to spend insight
Can support supplier rationalization
Supply chain stability – A/R benefits from efficiency
Treasury New programs like trade finance and dynamic discounting
Entire Organization Greatly improved efficiency
Cost per invoice reduction = reduced costs overall
Greater use of existing ERP apps
9Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Transcepta Confidential and Proprietary
Transcepta+Oracle Architecture
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BUYER SUPPLIER
Dat
a Ex
trac
tio
n
Val
idat
ion
Map
pin
g
Onboarding Service
Low-Volume Suppliers use Portal for Invoice Creation
Oracle Portal
Invoice Data
POsInvoice StatusASNsAccount Maintenance
Payables &Procurement
Imaging
PO Processing
VAT Services
PO Options• Email PDF• EDI 850• XML• CSV
Invoice Options• Email PDF
• Virtual Printer
• EDI/XML/CSV
• Web Entry
PO Feed
SECURE FTP
Image HandlingInvoice Image
Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Technical Considerations Interfaces are pre-built
Configuration required
Multiple transaction monitoring tools provided
“Positive control” on all transactions
For both you (the buyer) and suppliers
Advanced validations used 80% of the time
Imaging
Transcepta projects almost always involve a link to an existing imaging system
Trading partner identifiers
Transcepta manages entire process
Org units
Vendor numbers
Vendor site codes
11Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Project Discovery
Discussions
Project Definition and
Scoping
Technical and Functional Discovery
Solution Design and
ConfigurationTesting
Pilot Phase Supplier
Enablement
Full Supplier Recruiting
Getting Started
12Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
30-90 days
15-30 days
15-30 days
New Offering: Trade Finance
Programs like supply chain financing and dynamic discounting are only possible through e-invoicing/AP automation
What’s the difference between TF, SCF & DD? “Trade finance” is a blanket term that covers both SCF & DD
“Supply chain finance” refers to the solutions available for financing products/services as invoices are processed – usually through an intermediary, such as a bank or financial institution
“Dynamic discounting” is where the buyer submits early payment to a supplier in exchange for a discount on goods/services
13Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
What’s Next?
Does your AP and Procurement want or need change?
Are you upgrading or rolling out new Oracle software?
What does Transcepta do better than anyone else? Deep Oracle ERP know-how
Supplier onboarding
Highest levels of invoices processed per FTE
14Mitch Baxter | VP, Business Development & Strategic Relations | [email protected]
Questions?
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Mitch Baxter
VP, Business Development
949-382-2851
Herb Radmanesh
Sr. Manager, Marketing
949-382-2859
For additional questions, please contact us:
