ips digital invoice iab 12 5 ve

The IPS Digital Invoice

Presented to the IAB

AdOps Council

October 16, 2013

2

Presentation Objectives

• Welcome and Introductions• IPS End to End Services – Overview and

Expertise• IPS is an IAB Digital Invoice Advocate• Review of Current State of Digital Invoices• Presentation of IPS Digital Invoice• Responses to questions

3

Our Services

• Invoice/Affidavit Processing• Agency Payable Processing• T&E Processing• Electronic Job Jackets• Backfile Conversion – AP, Billing Packages, etc.• Interfaces with Industry Leaders:

MediaOceanStrataSAPOracleLawsonMicrosoft DynamicsJ.D. EdwardsOthers

Invoice Processing Workflow

4

Digital WorkflowDigital Workflow

Digital MailroomDigital Mailroom Intelligent CaptureIntelligent Capture ImageServSM Document Hosting

ImageServSM Document Hosting

End-to-End Solution

IPS Industry Expertise

• Provide document automation solutions for 4 out of the 5 Top Media Buying and Advertising Companies

• Collaborate with major Publishing companies

• Partner with leading ERP systems such as:

•MediaOcean•Strata •Oracle •SAP

6

IPS is an IAB Digital Invoice Advocate

• The IAB Standard Invoice Format helps streamline invoice processing and enables AP automation.

• IPS has created the “IPS Digital Invoice” in response to the industry and the IAB’s initiative of standardizing the format for interactive advertising.

• IPS is a leading advocate for the IAB standard to streamline and automate the processing of incoming invoices.

• IPS provides invoice automation, invoice approval and discrepancy resolution workflow to the world’s top advertising agencies.

• With the IPS Digital Invoice, Publishers can leverage an invoice that significantly improves the payment process and eliminates manual processing.

7

Current state of Digital Invoices

• Incomplete invoices produced by Publishing company

• Manually entered by agency or advertiser • High discrepancy rate• Extensive manual reconciliation, review and

processing• Most invoices processed using “bottom line” • Delayed payment or rejected invoices to

Publishers

8

Future state of Digital Invoices

• The IPS Digital Invoice provides:– Detailed invoice information – Electronic data entry– Elimination of discrepancies– Quicker payment to Publishers

10

IPS value to Publishers

• Improved cash flow• Improved customer service• Ability to deliver a detailed line item invoice• No resources or system changes required

to convert invoices to new IAB format• Reduction in manpower needed to resolve

discrepancies research open items

11

Summary

• Questions and Answers