Stop the leaks in your AP department by automating manual processes and eliminating paper.
How Crown Equipment Improved Cash Flow in Accounts Payable by Cutting Out the Paper
Thursday, May 6, 2010 - 2:00 pm EDT - 60 minutes - Sponsored by Hyland Software
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Sponsored by:
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Your expert presenters:
Amy Hesse, Crown Equipment Corp.
Jasin Kessler, Hyland Software
Space is limited: Register today for this no-cost audio conference!
This no-cost audio conference, will discuss 6 ways money is seeping out of AP and what you can do about it:
1. Unaccounted liabilities that have not been recorded in a timely manner prevent management from having the tools they need to make less risky financial decisions.
2. Duplicate invoices are sent by vendors to multiple locations and departments and increase the chance of duplicate payments.
3. High cost per invoice due to slow processes, duplicate payments, missed discounts and late payment fees add up to make cost per invoice much higher.
4. Slow customer service because AP staff has to search through paper folders to track down invoices.
5. Missed early discounts can add up to real cash leaks and lost opportunities to build on future vendor relationships and negotiate favorable terms.
6. Late payment penalties because invoices were not processed on a timely basis can add up and are immediately deducted from the bottom line.
Space is limited: Register today for this no-cost audio conference!
In just 60 minutes, our expert instructors will show you how your organization can improve results with an automated solution that will help you:
- Dramatically reduce invoice processing turnaround time to take advantage of trade discounts, avoid late payment fees and improve cash flow
- Improve customer service through faster responses to vendor/customer inquiries
- Produce accurate financial statements that can be used as a tool for better forecasting and decision making
- Reduce your organization's cost-per-invoice
- And, much, much more!
Who Should Attend This Audio Conference?
This audio conference is designed for professionals who are motivated to implement proven AP technologies that will add real cash to the bottom line!
- CFO/VP or Finance/Controller
- Directors of Accounting/Shared Services
- Managers/Supervisors of Accounts Payable, Purchasing and Accounting
Space is limited: Register today for this no-cost audio conference!
This no-cost program is guaranteed to save you time, money and headaches when considering or making the transition to automation!
Your expert presenters:
Amy Hesse is the Accounts Payable & Cost Accounting Supervisor for Crown Equipment Corporation. Amy started her career in public accounting and moved to Crown's Internal Audit Department in 1999. She transferred to the Cost Accounting Department in 2002 and moved into her current position in 2003. Amy led the OnBase implementation at Crown. She also recently oversaw the centralization of the accounts payable function for Crown's manufacturing locations. This centralized department processes approximately 25,000 invoices per month. Amy holds a Bachelor's of Business Administration from The Ohio State University.
Crown Equipment Corporation implemented OnBase as its one source for document retention. Accounts Payable Workflow was implemented where invoices are electronically routed for approvals, research or processing as soon as they enter OnBase. This has enabled Crown to keep track of invoices and allows us to easily monitor employee workloads. We're able to route discount invoices within our workflow so they get processed first enabling Crown to take full advantage of supplier discounts that are offered. Our year-end close for Accounts Payable has also shrunk significantly as we know who has invoices to approve and how many invoices are yet to be processed.
Jasin Kessler serves as Industry Specialist for Accounting & Finance Solutions at Hyland Software Inc., the Westlake, Ohio- based developer of OnBase. Jasin's primary responsibilities include serving as Hyland's expert concerning the business processes around Accounts Payable. Jasin assists in pre-sales and sales opportunities as well as implementation and technical support for Hyland customers. Jasin, a Certified Document Imaging Architect and ECM Practitioner, has worked in and supported Accounts Payable solutions for over five years with specific expertise in lean manufacturing, quality assurance, and project management.
Sponsored by Hyland Software:
One of the largest independent software vendors in the world of enterprise content management (ECM), Hyland Software is the developer of OnBase. An award-winning suite of document and process management solutions, OnBase has a proven record of solving problems resulting from time consuming, costly and error plagued manual tasks. It integrates with line-of-business systems like accounting and enterprise resource planning (ERP) software like SAP® and Oracle® to connect data, documents, people and processes. OnBase gives you a central location to access content and manage business processes like invoice processing, procurement and shipping.
Today, people at more than 9,200 organizations both large and small in 47 countries have the time to do the things that really add value thanks to OnBase. Available on-premises or as software-as-a-service (SaaS), OnBase installs quickly, cost effectively and is designed to grow with organizations.
To learn more, visit www.Hyland.com.
Space is limited: Register today for this no-cost audio conference!
Continuing education: This audio conference by The Accounts Payable Channel qualifies for 1 CEU for the IOMA/TAPN Accounts Payable Certification Programs.
