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Thursday, June 23, 2016

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Wednesday, June 1, 2016

Keeping your AP Automation project out of the ditch

Presenters list from the IOFM Conference appDescription from the IOFM Conference app

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

© 2016 Robert Ruhno
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

Robert Ruhno
Director of Social Media
Accounts Payable Professionals Group (APPG)