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Keeping your AP Automation project out of the ditch

Last week was IOFM's Spring AP Conference & Expo. One of the many fantastic workshops was a panel discussion on Keeping your A/P Automation project out of the ditch. Here are a few notes that I tweeted at the time, just to give you a sneak peek!


There's no better source of information on how to keep yourself out of a proverbial ditch than your peers! - Mark Brousseau

Twitter:

STP: straight through processing rate

Be honest with AP Automation vendor: how many invoices do you really process, what is your real budget.

"First we cut the fat, then we cut the muscle". -Rock Persuad,APM

Don't  automate bad processes. Garbage in garbage out -Ed Bilkerdyk, APM

Using Kofax we now have 85 - 90% of invoices coming in as emails. -Mary Courtright, APM

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Robert Ruhno
Director of Social Media
Accounts Payable Professionals Group (APPG)
ap-professionals.com