| Date |
Topic, Speakers and Overview |
11.12.2008 |
AP Benchmarking: 12 Critical Issues
One of the most common complaints about benchmarking is that it sounds great in theory but is really hard to do in practice. Unfortunately, there are many, many pitfalls with AP Benchmarking including:
- ineffective benchmarks that are not timely
- too much data that is not actionable and hard to track
- metrics that may drive the wrong behavior
But if done correctly, benchmarking can identify key improvement opportunities; improve relationships with key stakeholders such as procurement, business units and accounting; motivate your staff and so much more.
Please join industry expert, Nat Goodman, as we explore 12 critical issues for developing and using AP benchmarks.
Nat Goodman, President of Goodman and Associates
Rakesh Shukla, Co-Founder, 170 Systems
Slides | On-Demand | Q&A |
10.08.2008 |
Today's Biggest Accounts Payable Controversy...
To outsource or not to outsource?
To offshore or not?
For Finance departments, these questions are critically important ... and yet very controversial. It's a lot more complicated than just reducing costs. Other considerations include lower capital expenditures, time to realize benefits and risk factors such as security, reliability of service and the integrity of your data to name a few.
Do you have an informed opinion? As a Finance professional, could you articulate the pros and cons if asked by management?
Please join Michel Janssen, Chief Research Officer at The Hackett Group as he shares his latest thought leadership research on world-class sourcing, outsourcing and globalization.
Michel Janssen, Chief Research Officer, The Hackett Group
Rakesh Shukla, Co-Founder, 170 Systems
Slides | On-Demand | Q&A |
09.10.2008 |
The Pinnacle of Financial Process Excellence
Join us as we take a detailed look at how 170 Systems enables organizations to:
- Maximize the effectiveness of your P2P process
- Strategically manage and optimize Finance processes
- Resolve bottlenecks and optimize cash resources
- Meet commitments to internal "customers" and suppliers
Larry Concannon, Director of Product Marketing, 170 Systems
Shalini Kasida, Product Marketing Manager, 170 Systems
Slides | Recording | Q&A |
08.12.2008 |
Transforming Multiple AP Processes into ONE Global Process With 170 MarkView and Oracle On Demand
Picture this unpleasant scenario: Over 40 different AP processes using multiple languages, disparate systems, with 1.7 million pieces of paper floating around.
What to do?
Learn how the Bank of Montreal leveraged Oracle On Demand and 170 MarkView for Accounts Payable to standardize over 40 inconsistent processes into a SINGLE global process with fully automated workflows and approvals. NO PAPER. Enhanced visibility. Accuracy of AP data. Faster processing. And reduced costs of over 45%.
Now that's a much better picture.
Michael Glim, VP of Procurement and Strategic Sourcing, Bank of Montreal
Mike Gagas, Senior Director of On Demand Marketing, Oracle Corporation
Allen Carney, VP Marketing, 170 Systems
Slides | On-Demand | Q&A |
08.01.2008 |
10 Must-Have AP Metrics
As any process expert knows, "that which gets measured gets improved."
So, if you DO NOT want to track progress toward Top Goals, if you DO NOT want to alleviate Key Pressures, if you DO NOT want to solve Key Challenges ... then don't measure anything.
On the other hand, if you DO want to improve the efficiency and effectiveness your AP processes, then you need to start tracking key metrics.
But what exactly needs to be measured?
Please join industry expert Jon Casher to learn more about the "10 Must-Have AP Metrics":
- What should be measured
- Why it should be measured
- When it should be measured
- How it should be measured
Also, learn how technology can go hand in hand with quality programs to help automatically gather and analyze metrics.
Jon Casher, President of Casher Associates, Inc.
Rakesh Shukla, Co-Founder of 170 Systems
Slides | On-Demand | Q&A |
07.09.2008 |
The #1 AP Headache is ...
What is THE biggest AP headache?
To answer this question, we surveyed over 1000 AP and finance professionals and found that the #1 headache was:
TOO MUCH TIME WASTED chasing paper.
Despite two decades of "paperless office" predictions, numerous studies show that over 80% of invoices are still paper-based!
Why?
Please join industry expert Jon Casher as he explores the two critical barriers to paper-free AP processing:
- Technology Adoption: adoption hurdles and how to overcome them
- Process Transformation: dysfunctional AP processes and how to transform them
In addition, the other top AP headaches will also be covered. The results may surprise you!
Jon Casher, President of Casher Associates, Inc.
Rakesh Shukla, Co-Founder of 170 Systems
Slides | On-Demand | Q&A |
06.17.2008 |
Software-as-a-Service: joint webcast by Oracle and 170 Systems
Oracle Corporation and Oracle Certified Advantage Partner 170 Systems are jointly delivering the 170 MarkView Financial Suite in a "Software as a Service" (SaaS) model today to many joint customers. Hear senior Oracle and 170 Systems executives discuss the Oracle and 170 Systems special partnership and joint offering that delivers the benefits of 170 MarkView to customers in their choice of either a traditional On Premise deployment model or an On Demand / SaaS model.
Allen Hoke, Senior Director, Global ISV Strategy, Oracle Corporation
Mary Arbelaez, Senior Director, Global ISV Programs, Oracle Corporation
Mike Gagas, Senior Director, Oracle On Demand Marketing, Oracle Corporation
Shivanshu Upadhyay, Senior Manager, SaaS Program Office, Oracle Corporation
Karl Büttner, Chief Technology Officer, 170 Systems
Slides | On-Demand | Q&A |
06.04.2008 |
AP Automation with "real-time" SAP integration
Please join us as we take a detailed look at the critical success factors in automating Accounts Payable and the importance of real-time integration with SAP ERP where the SAP data, logic, and functionality are never duplicated in the AP automation application.
We will review automation technology - imaging, OCR, e-Invoicing, workflow, and analytics - that can eliminate operational inefficiencies by getting the right information to the right person in the right format at the right time.
Joe Sullivan, Account Development Manager, 170 Systems
Jeff Colket, Sales Engineer, 170 Systems
Slides | Recording | Q&A |
05.07.2008 |
Demystifying Shared Services
Why are so many organizations moving to shared services?
What are the secrets to making shared services successful?
What is the elusive roadmap to get there?
The answers to these questions don't have to be a mystery ...
Join Penny S. Weller, PhD, CMA, Senior Business Advisor, at The Hackett as she demystifies, deciphers and clarifies how shared services have helped world-class finance organizations reduce costs by more than 50% over the past 14 years.
Penny S. Weller, PhD, CMA, Senior Business Advisor, The Hackett Group
Rakesh Shukla, Co-Founder, 170 Systems
Slides | On-Demand | Q&A |
04.16.2008 |
AP Automation: Leveraging SAP® Solutions for Best Practice Shared Services
What are the key technology enablers? What are the critical success factors?
Join us as we take a detailed look at how to fully leverage the potential of your SAP® investment in a Shared Services context. Find out how to take advantage of SAP solutions for Finance Shared Services (FSSC) and of 170 MarkView® for AP's capture and workflow to streamline your company's SAP-based purchase-to-pay process. Learn how industry counterparts have applied these technologies, with examples of how leaders in various industries have reduced costs, made processes transparent, and simplified process standardization.
Bernhard Fischer, Vice President Solution Management Business Suite, Shared Services / BPO, SAP AG
Allen Carney, Vice President of Marketing, 170 Systems
Slides | On-Demand | Q&A |
04.02.2008 |
Herding Cats - Aligning AP Automation Technologies
Imaging. Workflow. Electronic invoicing. OCR. Analytics. Over the past few years, Finance managers have considered how each of these technologies can automate the AP process to a greater level than their ERP systems natively provide. Determining how these technologies work together may seem like "herding cats", but many Finance organizations have successfully leveraged combinations of these technologies to reduce costs, strengthen internal controls, and provide better services to the business units they support.
Join David Hay who has been a regular speaker, and workshop leader, at conferences focusing on payments, P to P automation and outsourcing and has served for two years on the NACHA conference planning committee along with Larry Concannon, Director of Product Marketing at 170 Systems to learn how you can leverage these technologies to optimize your the AP process.
David Hay, TAPN Advisory Board
Larry Concannon, Director of Product Marketing, 170 Systems
Slides | Recording | Q&A |
03.05.2008 |
e-Invoicing - A Win-Win-Win-Win Situation
A win for the supplier, a win for the buyer, a win for the environment, and (most of all) a win for AP.
The economics of e-Invoicing make it clear that it can deliver the lowest AP cost. Handling paper is expensive. That's why world class companies have adopted this technology to minimize paper invoices. Yet many companies struggle to justify the technology investment. Join Bruce Kelly, Managing Director Finance Transformation Solutions, The Hackett Group, and Allen Carney, VP of Marketing, 170 Systems, for a discussion of how e-Invoicing is implemented at world-class companies and how the investment is justified.
Bruce Kelly, CPA, Managing Director Finance Transformation Solutions, The Hackett Group
Allen Carney, Vice President of Marketing, 170 Systems
Slides | On-Demand | Q&A |
02.06.2008 |
Preventing Procure-to-Pay Fraud - 5 Vulnerable Processes
Join Nat Goodman, President of Goodman and Associates and Rakesh Shukla, Co-Founder of 170 Systems to learn how to prevent procure-to-pay fraud. Nat will provide practical advice on how to tighten internal controls, prevent malfeasance, stop theft, detect red flags, and safeguard company assets for 5 vulnerable P2P processes:
- risk-mitigating tips for maintaining the master vendor file
- susceptible areas for p-card purchasing
- solid techniques for properly accounting for airline flights
- challenges and solutions for recording/accruing of expenses
- hard lessons learned for payment execution
Rakesh will then discuss how to leverage technology to strengthen internal controls.
Nat Goodman, President of Goodman and Associates
Rakesh Shukla, Co-Founder of 170 Systems
Slides | On-Demand | Q&A |
01.16.2008 |
Still Typing Invoice Data?
Moving AP from 1983 to 2008 ...
Much has changed in 25 years ... or has it?
In 1983, most AP departments were entirely paper-based.
In 2008, recent reports by The Hackett Group and Aberdeen show that most AP departments are still processing invoices manually ...only one third of all enterprises have a significant level of automation in place!
There is a better way - AP automation leveraging OCR (Optical Character Recognition) and your ERP.
OCR significantly reduces the cost of invoice data entry and is ready for primetime. 170 Systems, the leader in financial process automation, has joined Kofax, the leader in OCR, to create a 100% rules based integrated invoice capture and automated workflow solution. Along with a demo of the 170 Systems-Kofax solution, we will discuss:
- OCR's critical role in paper invoice capture
- Continuous improvement of OCR recognition rates
- Real-time validation of invoice data against the live ERP system
- The importance of workflow and automation in the end-to-end invoice lifecycle from capture to entry to approval to payment to audit
- OCR case studies
Drew Reynolds, Advanced Data Capture Manager, Kofax
Larry Concannon, Director of Product Marketing, 170 Systems
Jeff Salowe, Sales Engineer, 170 Systems
Slides | Recording | Q&A |
