Ap Automation

Question 1

Mineral Tree

Answer 1

Invoice to pay fully integrated

Automatically pulls invoicing info from Erp system

Amex integration to enable vendor payment

Annual maintenance fee covered the first year
Pricing per invoice 2.50 invoice capture and matching

Starts with in invoicing pull, amex acceptance and payment

Maybe competing in higher end of middle market - more cmt

Question 2

AP Automation

Answer 2

Accounts payable automation or AP automation is a term used to describe the ongoing effort of many companies to streamline the business process of their accounts payable departments. The accounts payable department’s main responsibility is to process and review transactions between the company and its suppliers. In other words, it is the accounts payable department’s job to make sure all outstanding invoices from their suppliers are approved, processed, and paid. Processing an invoice includes recording import

Question 3

Rationale

Answer 3

Today, virtually every organization operating an ERP system recognizes the value of eliminating manual accounts payable (AP) processing to gain the ef ciencies and cost savings that automation can bring. Our most recent economic downturn forced executive management to play a more active role in continually evaluating their operational processes to see where they could save money.

Question 4

Benefit

Answer 4

Esker research has found that automating AP typically saves organizations 40 to 60 percent on operational and administrative AP costs. Automated processing of vendor invoices helps businesses:

Question 5

Erp and AP automation

Answer 5

Businesses running an ERP system have two choices when it comes to AP automation — install a tool inside the ERP system or use a certi ed solution with data recognition, validation and workflow residing outside the ERP system. Integrating a solution that runs AP workflow inside the ERP system might seem like a logical approach, but there are some important factors to consider. Many companies ultimately choose an external solution for automated AP workflow because of the time, cost and risk involved in implementing a tool that automates AP workflow within ERP applications.

Question 6

Company workflow AR/ AP

Answer 6

§ Order Processing: Automate the entry and routing of incoming customer orders.
§ Accounts Receivable: Automate the processing and delivery of billing documents based on customer preferences. § Accounts Payable: Automate entry and routing of incoming vendor invoices and other payables.
§ E-Purchasing: Automate processing and delivery of supply chain documents based on vendor preferences.

Question 7

Bill.com

Answer 7

Non-cart payment
Compete with mineral tree
Bill.con is bigger - established player
Mineral tree is the challenger
Bill.com can be great for mega

Cloud-based
Quick to implement
Maybe cobrand?