ips digital invoice iab 12 5 ve
DESCRIPTION
Presentation to the IAB AdOps Council October 16, 2013 by IPS, a provider of document process automation and cloud-based workflow services. It outlines IPS's implementation of the new IAB interactive advertising invoice.TRANSCRIPT
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