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ECONOMY SLOWING
DOWN
IS VENDORS LATE PAYMENT THE REASON?
Challenges
SMEs are forced to wait a month beyond
agreed payment terms. Delay in late
payments to SMEs is accelerating and it is
causing the economy to slow down by
increasing the risks for small businesses to
become insolvent. 
Some key challenges include:
• Day Payments Outstanding(DPO) had been
increasing gradually
• Difficulties in managing the cash-flow within
the business
2
Impact on Vendors Late Payment
Proportion of total revenue received
late is 11%
- Impact on investment- 25%
- Impact on staff- 23%
Proportion of invoices that are paid
late is 13%
Yearly average cost of chasing up
late payments for an SME between
5000-6000 USD
Source : https://www.sage.com/en-us/blog/wp-content/uploads/sites/2/2017/12/Domino-Effect-Late-Payments-Research-Sage.pdf
How can the Digital
Transformation of AP
function help?
How can the Digital
Transformation of AP
function help?
#1 Workflow Automation
• A combination of workflow-enabled solution
and proper organizational hierarchy will
significantly improve the invoice approval time
• With automated workflow, all procurement
PMOs within the organization can manage
invoice processing faster and work within SLAs.
#2 Reducing Invoice Exceptions by ML-enabled
Invoice Processing
Machine Learning (ML) engine can learn patterns
from invoices:
• Extract invoice data elements
• Identify exceptions faster
With learning from data and better accuracy, ML
engine can help AP team to automate invoice
processing.
#3 Automated Invoice Matching
• ML engine will use the learning model to improve
data matching and achieve straight-through
invoicing.
• This trend of late payments and bad supplier
relationships will increase distrust and hurt businesses
in the long run. 
Automate Accounts Payable
Aavenir Invoiceflow
● AI-enabled invoice approval workflow
with automated invoice data
extraction and verification to improve
accuracy and efficiency.
● This will help vendors to work efficiently
& create invoices in a timely manner.
Download Product Brief
Get Free Resources
Accounts
Payable
Automation
Value Kit
Free Download
Assess
Accounts
Payable ROI
Test Drive
Invoiceflow
Accounts
Payable
Buyers Checklist
Check
Other
Resources
Calculate Savings
Free Demo Free Download Explore Now
Our S2P Product Suite on ServiceNow
Visit:www.aavenir.com
Visit:www.aavenir.com
www.aavenir.com
contact@aavenir.com
linkedin.com/company/aavenirin
fo
twitter.com/AavenirInfo
Delivering Future of Work

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Economy slowing down- is vendors late payment the reason

  • 1. ECONOMY SLOWING DOWN IS VENDORS LATE PAYMENT THE REASON?
  • 2. Challenges SMEs are forced to wait a month beyond agreed payment terms. Delay in late payments to SMEs is accelerating and it is causing the economy to slow down by increasing the risks for small businesses to become insolvent.  Some key challenges include: • Day Payments Outstanding(DPO) had been increasing gradually • Difficulties in managing the cash-flow within the business 2
  • 3. Impact on Vendors Late Payment Proportion of total revenue received late is 11% - Impact on investment- 25% - Impact on staff- 23% Proportion of invoices that are paid late is 13% Yearly average cost of chasing up late payments for an SME between 5000-6000 USD Source : https://www.sage.com/en-us/blog/wp-content/uploads/sites/2/2017/12/Domino-Effect-Late-Payments-Research-Sage.pdf
  • 4. How can the Digital Transformation of AP function help? How can the Digital Transformation of AP function help?
  • 5. #1 Workflow Automation • A combination of workflow-enabled solution and proper organizational hierarchy will significantly improve the invoice approval time • With automated workflow, all procurement PMOs within the organization can manage invoice processing faster and work within SLAs.
  • 6. #2 Reducing Invoice Exceptions by ML-enabled Invoice Processing Machine Learning (ML) engine can learn patterns from invoices: • Extract invoice data elements • Identify exceptions faster With learning from data and better accuracy, ML engine can help AP team to automate invoice processing.
  • 7. #3 Automated Invoice Matching • ML engine will use the learning model to improve data matching and achieve straight-through invoicing. • This trend of late payments and bad supplier relationships will increase distrust and hurt businesses in the long run. 
  • 8. Automate Accounts Payable Aavenir Invoiceflow ● AI-enabled invoice approval workflow with automated invoice data extraction and verification to improve accuracy and efficiency. ● This will help vendors to work efficiently & create invoices in a timely manner. Download Product Brief
  • 9. Get Free Resources Accounts Payable Automation Value Kit Free Download Assess Accounts Payable ROI Test Drive Invoiceflow Accounts Payable Buyers Checklist Check Other Resources Calculate Savings Free Demo Free Download Explore Now
  • 10. Our S2P Product Suite on ServiceNow Visit:www.aavenir.com Visit:www.aavenir.com