strategies for achieving best-in-class results in accounts payable shared services
DESCRIPTION
Join Esker and IOFM as we review the results of a recent survey. We'll outline the strategies organizations are using to achieve higher KPIs and drive better business outcomes in AP. Sign up today!TRANSCRIPT
Strategies for Achieving Best-in-Class
Results in AP Shared ServicesResults of a 2013 Study by IOFM
Presented by:
Julie MaiEsker
Mark BrousseauBrousseau & Associates
Julie Mai
Julie’s 20+ years of experience has included working with companies in all facets of document automation — from the early days of faxes moving from thermal paper to plain paper, to medical facilities looking to automate medical records, to companies looking to streamline and automate order-to-cash and procure-to-pay processes.
Working with Esker the past 5 years, Julie’s primary focus has been helping customers “Quit Paper” and move to solutions that add functionality and visibility to their environment while decreasing the overall cost of completing these processes.
Mark Brousseau
Mark Brousseau is a noted marketer, analyst, speaker and writer, with more than 21 years of experience advising leading providers of payments and document automation solutions.
Brousseau is President of Brousseau & Associates, a full-service strategic marketing and business development firm based in York, PA. With the largest client base of any independent firm specializing in the payments and document automation arenas, Brousseau & Associates counts among its clients many top solutions and services providers.
About Esker
• Esker helps organizations around the world Quit Paper™ by offering solutions (on-demand or on-premises) to automate virtually any manual document process.
– Global headquarters in Lyon, France
– In business for 28 years
– In “the cloud” for 8 years
– 290 employees
– Distributors in over 50 countries
– 4,500+ SaaS-based customers
– 50,000+ SaaS-based users
Business Runs on Documents
Agenda
• Survey Overview
• About the Respondents
• Survey Results
• Conclusion
• Q & A
SURVEY OVERVIEW
Strategies for Achieving Best-in-Class Results in AP Shared Services
Survey Overview
Key questions to answer:
• Prevalence of AP shared services?
• Level of AP automation in invoice processing?
• Primary AP performance metric?
• Top improvement initiative for 2013?
• Senior management’s perception of AP’s performance?
• Improvement strategies used by AP organizations?
• What, exactly, are the key trends?
Survey Methodology
• Online survey
• Survey presented to thousands of AP professionals
– 118 respondents completed the survey
– 98 respondents answered all of the questions
• 24 questions
– Most could be answered with a single click
• Respondents were given several weeks to take survey
ABOUT THE RESPONDENTS
Strategies for Achieving Best-in-Class Results in AP Shared Services
About the Respondents
11%
52%
18%
10%
7%
1% 1%
What is your job title or function?
AP Director
AP Supervisor/Manager
AP Operations
Controller
CFO
Purchasing
IT
About the Respondents
10%
12%
10%
9%
26%
8%
7%
9%
9%
What is your company’s annual revenue?
> $5 Billion
$3 Billion to $5 Billion
$1 Billion to $3 Billion
$500 Million to $999.9 Million
$100 Million to $499.9 Million
$50 Million to $99.9 Million
$25 Million to $49.9 Million
$10 Million to $24.9 Million
<$10 Million
About the Respondents
1%
4%
2%
14%
11%
19%
7%
8%
9%
5%
4%
2%
2%
2% 0% 12%
What is the principal industry of your organization?
Advertising/Entertainment
Construction/Engineering/Mining
Energy/Utility
Financial Services
Government and Non-Profit
Health Care
High Tech/Teleco
Manufacturing (Consumer Goods)
Manufacturing (Industrial Goods)
Pharmaceuticals & Medical Products
Professional Services
Real Estate
Retail Trade
Transportation
Travel and Leisure
Wholesale/Distribution
About the Respondents
66%11%
8%
15%
What is your company’s annual invoice volume?
< 500,000
500,000 - 1,500,000
1,500,001 - 3,000,000
> 3,000,000
About the Respondents
13%
67%
12%
8%
Which best describes your AP organization?
Decentralized, reportingto the business units
Separate, centralizeddepartment
Part of a regionalshared services center
Part of aglobal/multiregionalshared service center
About the Respondents
63%
5%
26%
6%
Does your AP organization currently operate in a Shared Services model?
Not operating in SharedServices model
Preparing to operate in SharedServices model
Currently operating in SharedServices model
Mature Shared Services model
SURVEY RESULTS
Strategies for Achieving Best-in-Class Results in AP Shared Services
WATCH THE FULL WEBINAR
Strategies for Achieving Best-in-Class Results in Accounts Payable Shared Services
View Now!