Part 3 of the webinar series on invoice automation: -Purchase orders and correlation to invoices processing -Machine learning – Reality or future? -Fact-based decision making – KPI’s

1. Invoice Automation: A roundup of the
challenges and opportunities
Tommi 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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Closing remarks
http://www.opuscapita.com/webinars