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Invoice Automation: A roundup of the challenges and opportunitiesTommi Kouhi Tobias Wikström

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Agenda

• Introduction Invoice Automation in OpusCapita’s offering

• Roundup – 5 key points – Purchase orders and correlation to invoices processing

• Machine learning – Reality or future?

• Fact based decision making – KPI’s

• 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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Roundup

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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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Purchases and the correlation to invoice processing

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Machine learning – Reality or future?

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What does it mean in practice?!

Jan 29, 201610

1. Train the AI

2. Prediction by AI

3. Verification

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Machine Learning, Initial state

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Machine Learning, Results

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Fact based decision making – KPI’s

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Advanced Analytics, Dashboard

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Advanced Analytics, Filters

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Advanced Analytics, Supplier analysis

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Advanced Analytics, KPI, Circulation times

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Advanced Analytics, KPI, First approval

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2.11.2016 Webinar - Why accurate procurement data is critical to invoice automation19

Closing remarks

http://www.opuscapita.com/webinars