Wellness Check: Does Your Accounts Receivable Need to Hit the Gym?
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Preview this informative webinar which will discuss best-practice research to help you identify whether your Accounts Receivable invoicing routine is ahead of the pack, middle of the road or lagging behind in terms of process, organization, knowledge, technology and performance.
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Wellness Check: Does Your Accounts Receivable Need to Hit the Gym?
- 1. ยฉ Esker 2013 Accounts Receivable Automation Wellness Check: Does Your AR Need to Hit the Gym? www.esker.com ACCOUNTS RECEIVABLE AUTOMATION Brian Erlein July 2013 Webinar Hashtag #quitpaper
- 2. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation Speaker Brian Erlien Account Executive Esker Brian Erlien has over 10 years of experience assisting customers in their document process improvement efforts. Working with Esker the past four years, Brianโs primary role is to help organizations Quit Paperโข to increase efficiency within the order-to-cash and procure-to-pay cycles. It is Brianโs belief that companies of all sizes and industries can benefit from improving the way their information is processed and exchanged.
- 3. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation ๏ง Mission: โQuit Paperโ ๏ง Global company w/ offices worldwide ๏ง 24 years of experience automating manually intensive processes ๏ง Cloud solutions for over eight years
- 4. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation In this 60-minute webinar: ๏ง The Accounts Receivable Process ๏ง 5 Signs Your AR Process is Out of Shape โ Process โ Organization โ Knowledge โ Technology โ Performance ๏ง Fitness Plan โ Achieve E-Invoicing Success ๏ง Case Study ๏ง Q & A
- 5. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation THE ACCOUNTS RECEIVABLE PROCESS Accounts Receivable:
- 6. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation Invoices in the Cash Conversion Cycle
- 7. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation The Pains of Accounts Receivable ๏ง Inefficient manual steps in business processes ๏ง High operational costs ๏ง Less customer focus ๏ง Slower cash collection and higher DSO ๏ง Invoice errors
- 8. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation In this 60-minute webinar: ๏ง The Accounts Receivable Process ๏ง 5 Signs Your AR Process is Out of Shape โ Process โ Organization โ Knowledge โ Technology โ Performance ๏ง Fitness Plan โ Achieve E-Invoicing Success ๏ง Case Study ๏ง Q & A
- 9. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation 5 SIGNS YOUR AR PROCESS IS OUT OF SHAPE Accounts Receivable:
- 10. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation 5 Signs Your AR Process is Out of Shape ๏ง Factors to Examine: โ Process โ Organization โ Knowledge โ Technology โ Performance
- 11. Does Your AR Process Need to Hit the Gym? #quitpaper Accounts Receivable Automation Download the Full Webinar Wellness Check: Does Your AR Process Need to Hit the Gym? Duration: 40 minutes View Now
Editor's Notes
- I thought it might be helpful to give a brief overview to you of who we are and why we feel so strongly about this topic.At Esker, our mission is to help businesses โQuit Paperโ โ and improve processes by eliminating manual tasks. While we use the โQuit Paperโ as a sort of battle call โ it is really so much more than quitting actual โpaperโ because today it is not just paper but electronically received documents, usually emails with pdf attachments, that are truly creating much of the manual tasks that are taking place in organizations.Esker has been recognized by Gartner, IDC and other analysts as a key player in the market for document process automation solutions. Weโve helped well-known companies such as Microsoft, Whirlpool, and many others automate business-critical processes. Weโre a global company with 24 years of practical experience, including and a long history of innovation in fax technology. Esker specializes in the cash conversion cycle, automating sales orders, accounts receivables purchasing, and accounts payable from end to end to drive productivity, efficiencies, and profits.Esker has a patent on the core technology behind its document process automation solutions. And weโve been a pioneer in Software as a Service. This isnโt a new thing for us โฆ weโve doing it for about 8 years.
- Overview of AR process
- So, whatโs the cost of manually driven paper invoice processes? Letโs get to the bottomline. Well, thereโs the price of a postage stamp โ which is constantly rising. But thatโs just the beginning. The full cost goes much deeper. Manual invoice processing is all non-value tasks . Thereโs really nothing productive in these tasks for the company or customer service. Many companies have their AR specialists tasked with nonsense work, like folding, stuffing, stamping envelopes. Now add that on to costs like โ paper, toner, printer ink, etc. โ and the necessary hardware, such as printers or, for those who have invested in some level of automation, perhaps a folder, or an inserter or a metering machine, and the associated maintenance of that equipment.And the costs donโt end there โ because you have to store all the paper. So, you find additional unproductive tasks associated with search and retrieval to find invoices in dispute, or during an audit. Most AR specialists tell us documents arenโt where they should be; and even when they are, they take too long to find. Think about the time wasted searching for an invoice that could be in a box somewhere or stored in a warehouse.