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Fintech Belgium_Webinar 6: AccountingTech to the rescue / Covid-19: Home Working Challenge - 24-04-20
1. Webinar 6 : AccountingTech to the
rescue / Coronavirus
Homeworking Challenge
2. Programme
Introduction by Toon Vanagt (3min)
Cédric Nève for Digiteal about "Why is it more important
than ever to go digital to send the invoices and to collect
the payments... and how this can be achieved very easily ?"
(15min)
Amélie Laurensou for Yooz about "How to keep your
Accounts Payable operations running from home?" (10min)
Hans Jacobs from Unified Post Group about "How to use a
cooperative platform for accountants and their clients?"
(10min)
Edouard Beauvois from AiVidens about "How to analyse the
risk and payment behaviour of customers, and to anticipate
payment problems using AI?" (5min)
Q&A (15min)
Conclusion (2min)
3. Your Speakers
Toon Vanagt
Host, Board of FinTech Belgium
CEO of data.be
Amélie Laurensou
Business Sales Consultant
YOOZ
Hans Jacobs
CCO
UNIFIEDPOST GROUP
Cédric Nève
CEO
DIGITEAL
Edouard Beauvois
Co-Founder & CEO
AiVidens
5. What percentage of your invoices are
paid:
- Before the due date ?
- In the first 24 hours after you sent
them?
- In the first hour ?
Collection time and effort
Early On-time Late Very late
6. Pain points:
- Sending cost
- Manual reconciliation
- Late payments
- Poor visibility
Order to cash process
! !
! !
7. How to reduce it ?
- Paper/PDF -> E-Invoice
- B2C, B2B and B2G
- Customers and suppliers
Automate and digitalize your
processes.
Invoicing cost
Paper Email E-invoice
Send 4,44 € 2,02 € 1,20 €
Receive as a business 8,04 € 7,68 € 2,27 €
Source:
DAV/ASA
12. After the payment,
Increase electronic conversion
USP
PAY
we invite your
customer to receive
his next bill
electronically!
13. Increase electronic conversion
Source: Bernard Philippe (Proximus) at the e-invoicing
summit 2019
Machine to Machine Integration at a fraction of the cost!
14. Get paid more regularly
Controlled domiciliation:
● Increase domiciliation rate
● Convince your customers
easily
● Delegate mandate
management
USP
15. API available
https://docs.digiteal.eu
Accounting software / ERP / CRM / ...
Payment institution
Pay incoming
invoices
Send e-
invoice
Retrieve bank
movements
Receive
e-invoice
Get paid (online
payment,
subscriptions,...)
E-
Payment
E-
Invoicing
E-
Banking
17. Start saving now !
If you want to
● Improve your cashflow
● Reduce your OPEX
Get in touch to receive your free
custom ROI calculation.
hello@digiteal.eu
19. Agenda
Why you shouldn't keep your AP processes
manual any longer!
How to choose the optimal automation solution.
How to be operational overnight.
Amélie Laurensou
Consultant
Yooz EMEA
21. How much is your accounts payable
process at risk?
Complex
€9to €20per doc
€3,25 (archiving costs)
Manual Costs
31%
of invoices
Late payments
Lack of visibility
Victim of fraud attempts
70%
of companies
increasing
Regulatory pressure
Not compliant
3,5%
erroneous or double
payments
22to 35
processing days
22. Why should you automatize now
?
You can’t ignore the risks anymore
70%
Each minute spent on a manual task pour you
– you and your organization – in jeopardy
« Thanks to Yooz, no interruption within our
accounting departement and no extra work at the
end of the confinment !»
Veronique Kvartovkine, Accounting Director at Micropole
23. Why should you automatize now
?
You digital transformation project as been postponed
long enough
90%
Each minute spent on a manual task pour you
– you and your organization – in jeopardy
24. Why should you automatize now
?
The competition is already on track
80%
Each minute spent on a manual task pour you
– you and your organization – in jeopardy
26. How to choose your solution
The challenge, finding the perfect mix
between :
A “Plug and
Play” solution
High level of
automation
All-in-one functional
coverage
28. About Yooz
Born in
the Cloud in
2010
Offices in the
US and in
Europe
+50%
growth/year
25%
of revenue reinvested in R&D
1000+
R&D man-years
100+
AI & ML scientific
publications
20 000 000
documents/year
30+
countries
3 000+
clients
200 000
users
1 single focus:
document
automation
100 000
companies
29. Yooz leverages high performance
technology and makes it easy, powerful and
accessible!
Simplicity Savings
Set up Yooz in a
few
clicks
Speed
Traceability Security Zero-risk
Reduce processing
costs by 80%. Do
more with less.
Divide processing time
by 5 to 20
Gain instant
visibility.
Stop losing
documents.
Detect fraud
and secure documents
Try for free.
Be Compliant.
30. Yooz is Unique : The Smartest, Most
Powerful and Easiest to Use solution
Simplicity Savings
Set up Yooz in a
few
clicks
Speed
Traceability Security Zero-risk
Reduce processing
costs by 80%. Do
more with less
Divide processing time
by 5 to 20
Gain instant
visibility.
Stop losing
documents.
Detect fraud
and secure documents
Try for free.
Be Compliant.
All-in-One
Automate the entire
P2P process
31. Cloud P2P automation with Yooz: your collaborative solution to
work remotely & efficiently
32. So what are the next steps ?
Let’s move on !
Start with Yooz now, the
platform is free to use during
the confinment
Do you want a private demo ?
Let us know in the comments
!
34. Will Covid-19 impact the accounting
industry?
We ask You to:
- Or when You would come by after the Office hours, leave the documents
in the dropbox (next to the front door)
- Or when You would come by during office hours, ring the doorbell and
leave the documents in our garage. Somebody will open the garage door
to give You access. He or she will show you where you can drop the
pieces.
We have a 3 days waiting period, which means that we leave the documents
the first 3 days in the garage before we process them. According to
virologists the virus would not survive for longer than 72 hours on different
surfaces.
(Free translation form literally quote:
Wij vragen U om:
- Ofwel indien U na de kantooruren zou langs komen, de documenten in de dropbox achter te laten (naast de voordeur)
- Ofwel tijdens de kantooruren, aan te bellen en de documenten achter te laten in onze garage. Iemand zal de garagepoort openen
ten einde U toegang te verschaffen. Hij of zij zal U aanwijzen waar de stukken mogen gelegd worden.
Wij hanteren een 3 dagen wachtsysteem wat wil zeggen dat wij de documenten eerst 3 dagen in de garage laten liggen alvorens deze
36. Will Covid-19 impact the accounting
industry?
4x more new users per month in March
3x more new invoices in April (on 20/4/2020)
+70 new accounting firms started with
Billtobox in the last 2 weeks of March
37. Will Covid-19 impact the accounting
industry?
Digital invoicing can NOT infect you with
corona!!
Benefits:
- Cost saving
- Time saving
- Increase efficiency
- Decrease human mistakes
- Accessibility to documents when in process
or archived
- Transformation from pdf to e-invoice (xml)
- …
38. Will Covid-19 impact the accounting
industry?
YES
Once you go digital, you never go
back… to paper!
40. Some current CFO Challenges
Global economic
slow down
Cash flow
folatility
Credit Risk
Operational
disruption
Teleworking
Setup a cash culture
Redefine collection strategy
41. Bad debts
Of companies’ annual
turnover in Europe
SME bankrupcies
Precautions
Credit Rating Agencies
Credit Insurances
Factoring Companies
Tools: ERP Software,
Spreadsheets
Disadvantages with precautions
Too late
Expensive
Credit limits may not cover business needs
Sources: Intrum (European Payment Report 2019)OECD (https://stats.oecd.org)
43. Example – Don’t think you know your
customers!
True case
Could we have identified
early enough that payment
issues would arise and take
measures accordingly?
0
50
100
150
200
250
300
350
400
2011 2012 2013 20152014 2016 2017 2018
Days to payment
49. Join us :
• TUESDAY MAY 5th from 9AM to 12PM:
Digital Finance Outreach with Febelfin, FPS Finances &
NBB
• FRIDAY MAY 8th AT 14PM:
Webinar 7: Coronavirus Homeworking Challenge