industry insights & emerging trends in accounts receivable automation
DESCRIPTION
The advantages of accounts receivable (AR) automation are clear: It’s a faster, less expensive and more reliable alternative to manual invoicing. But lack of clarity has many companies uncertain of how or where to start. After all, moving every customer to automated invoicing or custom-designing different processes for specific customers aren’t exactly recipes for success. So what is the best option? In this webinar, we will discuss the results of the AR Automation Study by The Institute of Financial Operations. Co-sponsored by Esker, the comprehensive survey inquires a group of AR professionals in order to gain insights into critical operations metrics, emerging trends in automation and the general consensus about moving from a paper-based process to cloud-based automation solutions.TRANSCRIPT
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Accounts Receivable
Industry Insights and Emerging Trends in AR Automation
Results of IFO’s 2013 AR Automation Study
Esker 2013 www.esker.com ACCOUNTS RECEIVABLE AUTOMATION
Howie Hahn June 2013
Webinar Hashtag: #quitpaper
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Howie HahnSenior Sales EngineerEsker
Speaker
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Global headquarters in Lyon, France 275 employees, 25+ years of field experience 80,000 customers, over 2.5 million users Over 480 million pages processed and counting … 50,000+ SaaS users, 4,000 SaaS customers worldwide Order-to-cash and procure-to-pay automation leader Distributors in over 50 countries
Awards and Accolades
Highlights
Finalist for “Best Document Management Product or Service”
Included in “Cool Vendors in Knowledge Support” by Gartner
Patented received for Esker DeliveryWare Rules Engine
They “Quit Paper” with Esker
“Esker does the best job at linking capture with DOM. It considers capture as important as creation and delivery and brings these together to address pain points in sales order processing and invoice management.”
Esker Overview
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• Survey Overview• About the Respondents• Survey Results• AR Automation• Conclusion
Agenda
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SURVEY OVERVIEWIndustry Insights and Emerging Trends in AR Automation
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• Key questions to answer:– How are companies sending out invoices?– What does it cost to produce and send an invoice out?– What are the key challenges of customer invoicing?– What are the obstacles to automating AR?– Are companies using third-parties for customer invoicing?– What, exactly, are the key trends?
Survey Overview
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• Survey presented to several thousand AR professionals– A total of 63 respondents completed the survey– All of the respondents answered every question
• Approximately 20 questions– Some could be answered with a single click– Others required respondents to retrieve data
• Respondents were given several weeks to take survey
Survey Methodology
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ABOUT THE RESPONDENTSIndustry Insights and Emerging Trends in AR Automation
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Annual Revenue
What is your company’s annual revenue?
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Polling Question
How many total invoices does your company send out each month?
Fewer than 1,000 per month1,000 to 5,000 per month5,000 to 10,000 per monthMore than 10,000 per month
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Invoice Volume
How many total invoices does your company send out each month?
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SURVEY RESULTSIndustry Insights and Emerging Trends in AR Automation
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Industry Insights and Emerging Trends in AR Automation45 minutes
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